Crypto analyst Loma believes that BNB, the native asset of the BNB Chain, is poised for growth.
Technical Strength
Loma notes that BNB is showing positive signs from both a technical and fundamental perspective. The coin has been trading with strong funding rates, indicating that whales are hedging against spot holdings for fee reductions.
Regulatory Advantage
Loma also highlights BNB’s short-term advantage in being free from SEC persecution. This gives it an edge over other assets that may face regulatory scrutiny.
Limited Upside
However, Loma acknowledges that BNB’s upside potential is limited compared to more speculative assets due to its larger market cap. He advises investors to consider their portfolio size and expectations when selecting assets.
Breakout Anticipated
Another analyst, Kaleo, believes that BNB is preparing for a breakout. He points to a bullish triangle pattern forming on the daily chart, suggesting a potential rally to $1,000 by May.
Current Price
At the time of writing, BNB is trading at $541.51, down 4% in the past 24 hours.
