The closely followed trader sets the bullish mega price targets for Ethereum, Binance Coin and an overlooked crypto asset
Popular pseudonymous crypto trader The Crypto Dog is outlining bullish price targets for Ethereum (ETH), Binance Coin (BNB) and another under-the-radar altcoin it believes is ready for rallies.
In a new tweet, the trader tells his 409,700 followers that an ascending widening wedge is forming at ETH that could generate a profit of almost 20% in the coming months, which coincides with the release of an important update on the smart contract revision Platform fee structures.
“I bet this is bullish consolidation at ETH, with a target of over $ 3,000 coming up for an EIP 1559 splash this summer.”
Source: The Crypto Dog / Twitter
The analyst also sees BNB, the native token for the Binance crypto exchange, hit new highs in the coming weeks, targeting $ 800 as early as mid-May.
“I think it is reasonable for BNB to revisit and beat the all-time highs.”
The Crypto Dog also takes note of Polygon (MATIC) and says the ERC-20 token is ready for a bullish breakout and a surge of over 75% from its current price of $ 0.57.
“MATIC is leading this ETH trend. Price will catch up on fundamentals (which has been on the rise lately). $ 1 + will be on the table as soon as we clear this area. “
Another coin that the popular trader is closely watching is the Solana (SOL) intelligent contract platform. Although SOL is up 7.105% over the past year, The Crypto Dog says the glowing coin is still in its infancy.
“We are unironically very early SOL. How many of you have already set up a Solana wallet? Which projects have established themselves as well-known brands? How many farms can you even get monkeys on? It is all just beginning. “
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