Justin Bennett: BNB, DOGE, SUSHI And VET Could Be Preparing Breakouts
Justin Bennett, a prominent cryptocurrency analyst and trader, is closely following Binance Coin (BNB), Dogecoin (DOGE) and two other altcoins that he believes could be preparing for breakouts.
Binance Coin (BNB)
The trader shares with his 63K Twitter followers that BNB is sitting right on the brink of a price jump, naming a key level to watch for confirmation.
“BNB looks ready to break higher any day now.
Watching to see if it can clear $428 on a daily closing basis. That would open up $480 and $530.”
Eyeing the DeFi space, Bennett says that automated market maker SushiSwap (SUSHI) could rise over 57% from its current price of $12.66, if it manages to go above a key level.
“SUSHI is on the move.
A daily close above $13.50 opens up $16.70 and $20.
According to the analyst, supply chain-focused VeChain (VET) is making efforts to take out the crucial resistance at around $0.14 with key supports at $0.11 and $0.09.
“VET is reacting to that $0.14-$0.15 resistance today.
Bennett says that Bitcoin and Ethereum, the two largest cryptocurrencies could make corrections this week after trading below short-term support areas.
“BTC and ETH closed below $46,000 and $3,160 respectively. Could get that pullback this week.”
$BTC and $ETH closed below $46,000 and $3,160 respectively. Could get that pullback this week.
