Altcoin Market witnessed intense growth in January after Donald Trump returned to the White House. In January, the official Trump Mimoin received a lot of attention in recording several players in a few hours. As a result, January was like a rock of the market. Some Cryptocurrencies reached the best of the record. Despite these ups and downs, some cryptocurrency pops up and is now close to an important price level. This can mean that they can reach the new highest in February.
Encryption is historically optimistic in February.
Cryptocurrency prices can be good in February, depending on the past trend. Historically, Bitcoin and Ether Leeum generally increases value this month. According to historical data, Bitcoin and other cryptocurrencies generally raise prices in February.
According to CoingLass, Bitcoin’s price has only fallen twice since 2013 and increased by 43.5% in February. Ether Lee also saw a decrease only once in February after 2017. In February, it recorded more than 46%.
Binance Coin (BNB) Price Analysis
The price of Binance Coin (BNB) is slowly rising and trying to maintain more than $ 680. However, the seller is still controlled and blocks a significant increase after the initial 23.6% fibonacci retense level. The current BNB price is $ 677, down more than 0.7% over the last 24 hours.
The BNB/USDT transaction pair aims to be $ 680 and can surpass 23.6% fibonacci level. If the neutral relative intensity index (RSI) is 51, which is slightly higher than neutral, it is possible to continue to pay attention to BNB purchases.
If the price is soaring more than $ 700, an optimistic trend may appear in February.
Jito price analysis
JITO’s price indicates that the buyer is coming in at a lower price beyond the core level. JITO’s price reached $ 3.5, but did not maintain the demand for buyers. At the time of writing, the JTO price is $ 3.37, down by more than 0.8% over the last 24 hours.
This weakness can continue in the first week of February. The average price of 50 days is a little resistance for $ 3.63, but it seems to be surpassed soon. The JTO/USDT transaction pairs can potentially go up to $ 4.3 and can be higher at $ 5.6.
Ondo price analysis
Ondo Price has the average price of $ 1.5 on the 20th, but it has been proved that it is difficult for the buyer to raise the price. At the time of writing, the ondo price is $ 1.48, down more than 6.8% over the last 24 hours.
The seller aims to lower the price and keep it below $ 1.3 below the trend line. If they succeed, the onDO/USDT transaction pairs may fall to an average price of $ 1.1 for 50 days. The buyer is likely to step on the line at that point because the price of less than 50 days can send the price to $ 0.9.
But if the price can rise more than $ 1.65, this weak outlook will be found to be wrong. Then the pair was able to rise to a new ATH in the future.