dailyhodl.com
Crypto analyst Jason Pizzino says that Cardano (ADA), Ethereum (ETH) and Binance Coin (BNB) must take out key levels in order to sustain their bullish momentum.
In a new video, Pizzino tells his 181,000 YouTube subscribers that while Cardano is showing strong signs of recovery, it must breach its immediate resistance to trigger the next leg up.
“I want to get back above this price here, $2.04, around the $2.05, $2.06, $2.10. Give it a few cents just to make sure. That’s pretty much the point there and we’re getting very much closer to it. However, volume is dropping.”
At time of writing, Cardano is trading at $1.68, up 0.40%, according to CoinMarketCap.
Looking at Ethereum, the crypto strategist says the leading smart contract platform appears relatively strong, but it is approaching a critical price point that is currently acting as a strong resistance level on multiple timeframes.
“We’re getting higher highs. It’s looking good. We definitely want to get this breakout above $3,000… It’s really starting to get rejected at this point… This is a very critical point for Ethereum. So if you can get above that point, around the $3,100 [area] and hold, a few closes, I’m much more bullish on it. That’s what I’m waiting for – for a more bullish momentum continuation for ETH.”
As for Binance’s native asset BNB, Pizzino says it must reclaim a crucial level above $500 for bullish continuation.
“That’s the big breakdown, 19th of May, 10 AM. [The] high on that day is at $516. We’re climbing our way back slowly, just like we are on all the other charts. This is another critical level for Binance [Coin] as well.”