On-chain analytics resource Santiment shared that it sees short-term bullish signals for BNB Coin (BNB) and 2 additional altcoins in them.
These 3 altcoins are giving bullish signals in the short term
On-chain data says BNB is more likely to see a short-term price increase, according to analytics company. Looking at the metrics that have emerged, Santiment analysts say:
Compared to other cryptos, the price jump is pretty spectacular, so it’s interesting to see how little profit has been made. This is another example where this indicator suggests there may be more opportunities for growth.
At the time of writing, BNB is trading at $306.55. It has been stable in the last 24 hours and since last week.
Analysts predict a bullish trend in this altcoin, even though it diverges from the overall market
management token Maker (MKR), an Ethereum-based stablecoin, from the rest of the cryptocurrency market Although it was less bearish and diverging positively, investors did not see any selling pressure that it was taking profits. Saying that this situation is quite positive, Santiment analysts say that further rises can be expected.
This is a positive indicator and we still see most of the network activity when transactions occur at a lower price than the address’s entry.
At the time of writing, MKR has soared nearly 2% in the last 24 hours to reach over $1,200. It is currently trading 80% below the ATH price of $6,339.02.
Serum (SRM), another altcoin poised to rally
According to Santiment, the management token of decentralized derivatives exchange Serum (SRM) could potentially be set for a rally. It may be ready. Analysts say that money is changing hands in current market conditions.
Serum’s P/P ratio is only slightly capitulating at the moment, but investors have been losing out on crypto for the fifth week in a row. This is a positive indicator for patient traders who can profit from the weak hands’ bail. their losses.
The price of Serum has been trading in the region of $1.00 for the last few days. Meanwhile, Santiment claims that the OKB Token (OKB) as well as Ethereum-based Axie Infinity (AXS) and Chiliz (CHZ) have all been withdrawn.
