Traders Prepare for Bullish Trends in BNB, Jito, and Ondo Prices
After Donald Trump returned to the White House, the Altcoin Market witnessed a huge growth in January. In January, Trump’s official coin recorded multiple ATH within a few hours, causing people’s attention. As a result, January is a difficult month in the market. Several cryptocurrencies reached the record high, and it did not significantly decline until soon. Despite these undulating, some cryptocurrencies still rebound, and they are now close to important price levels. This may mean that they may reach a new high in February.
Cryptocurrency history is a bullish in February
Cryptocurrencies may be done well in February according to the trend of the past. Historically, the value of Bitcoin and Ethereum this month usually increases. Historical data shows that Bitcoin and other cryptocurrencies usually rise in February.
According to COINGLASS, the price of Bitcoin has only decreased twice since 2013, and it has soared 43.5 % in February last year. Since February 2017, Ethereum has only declined once. In February last year, its income exceeded 46 %.
Binance coin (BNB) price analysis
The price of Binance Coin (BNB) has been rising slowly, and trying to maintain a level higher than $ 680. However, the seller is still in a state of control, preventing the original 23.6 % Fibonacci return to any major rise in the test level. At present, the price of BNB is $ 677, a decrease of 0.7 % in the past 24 hours.
The goal of the BNB/USDT transaction is $ 680, and it may exceed 23.6 % of the Fibonacci level. Because the relative intensity index (RSI) is 51, which is slightly higher than neutral, it is possible to continue to interested in buying BNB.
If the price has soared to more than $ 700, we may see the bullish trend in February.
JITO price analysis
JITO’s price moves back to a critical level, which shows that buyers intervene at low prices. Although the price of JITO touched $ 3.5, it failed to maintain the needs of buyers. As of writing this article, the transaction price of JTO PRICE was $ 3.37, a decrease of 0.8 % in the past 24 hours.
This driving force may continue in the first week of February. The average price of 50 days is $ 3.63, which is a bit resistant, but it may soon exceed. The JTO/USDT transaction may climb to $ 4.3, and then as high as $ 5.6.
ONDO price analysis
ONDO PRICE manifests its value of $ 1.5 at a average price of 20 days, but it turns out that it is difficult for buyers to increase the price. As of writing this article, the transaction price of ONDO Price was $ 1.48, a decrease of 6.8 % in the past 24 hours.
The goal of the seller is to reduce the price and lower it to $ 1.3 than the trend line. If they succeed, then ONDO/USDT transaction may fall to a average price of 1.1 US dollars that may be reduced to 50 days. Buyers may involve to hold this line at that time, because the decline in the average level below 50 days may drop the price to $ 0.9.
However, if the price can rise and rise above $ 1.65, then the prospect of decoction will be proven to be wrong. The couple may rise in the next few days.
