Cryptos Poised for July ATH

• 
  BNB
  has
  lost
  over
  20%
  since
  hitting
  this
  year’s
  high
  on
  June
  6,
  but
  technical
  indicators
  show
  that
  it
  might
  be
  time
  to
  buy
  the
  token,
  which
  could
  hit
  new
  highs
  in
  July.
• 
  Ethereum
  DEX
  protocol
  Pendle,
  Base-based
  meme
  coin
  Brett,
  and
  high-scaling
  Kaspa
  are
  the
  other
  tokens
  poised
  to
  surge
  in
  July
  after
  momentum
  waned
  toward
  the
  end
  of
  June.

After
the
crypto
market
recorded
a
bullish
start
in
June,
where
most
tokens
hit
their
highest
since
March,
the
momentum
seems
to
have
waned,
and
most
have
lost
these
gains.
However,
as
we
head
into
July,
some
of
these
tokens
could
be
accumulated
at
bargain
prices
as
they
target
new
rallies
over
the
next
few
weeks.

One
of
the
coins
in
focus
is
BNB.
The
token
started
June
positively,
surging
from
$593
to
a
local
high
of
over
$720
in
the
first
week.
However,
this
momentum
was
short-lived;
since
then,
it
has
dipped
to
a
monthly
low
of
$557.
Attempts
to
recover
from
the
bearish
run
have
been
quickly
thwarted,
and
at
press
time,
it
trades
at
$576.

BNB
could
have
an
even
better
July.
For
one,
it
has
managed
to
win
a
victory
against
the
SEC
in
the
agency’s
lawsuit
against
Binance.
As
Crypto
News
Flash
reported
earlier
today,
a
judge
in
the
District
of
Columbia
dismissed
the
SEC’s
attempts
to
label
BNB
sales
as
securities
transactions,
marking
the
latest
in
a
growing
list
of
losses
taken
by
Gensler
and
his
team.

See
more

I
dont
think
the
market
has
properly
digested
how
bullish
the
recent

@binance
vs
SEC
court
decision
is
for

$BNB
itself.
https://t.co/yBPdgq7V20

pic.twitter.com/WGKx1foWcV

—
CryptoCondom
(@crypto_condom)

June
29,
2024

Further,
the
$570
price
level
has
proven
a
strong
support
level
for
the
token.
After
dipping
from
its
$720
high,
analysts
expected
the
token
to
find
support
above
$635,
but
it
blew
right
past.
However,
the
mid
$570s
have
proven
to
be
strong
support
and
have
held
throughout
the
past
week.
If
the
token
manages
to
stay
above
this
price,
it
would
give
the
bulls
a
stage
to
step
in
and
prop
up
the
prices.

BNB’s
relative
strength
index
stands
at
53
at
press
time,
recovering
from
a
monthly
low
of
23
on
June
24
when
the
asset
was
oversold.
This
reading
is
neutral
and
shows
that
either
the
bears
or
bulls
could
take
charge.

Pendle
a
Small
Cap
Gem

Besides
BNB,
other
opportunities
lie
in
the
smaller-cap
cryptos.
One
of
these
is
Pendle.
The
native
coin
for
the
eponymous
DeFi
project
that
provides
a
market
for
yield-bearing
tokens.
Launched
in
2021,
Pendle
Finance
now
boasts
a
total
value
locked
in
excess
of
$3.6
billion.

Pendle
trades
at
$4.95,
losing
2.4%
in
the
past
day
and
over
18%
since
the
start
of
June.
Its
market
cap
of
$765
million
makes
it
the
89th
largest
in
the
market.

The
key
indicator
supporting
the
bullish
thesis
for
Pendle
is
the
Parabolic
Stop
and
Reverse
(Parabolic
SAR).
This
indicator
identifies
potential
reversals
in
an
asset’s
price—it
shows
traders
where
they
should
enter
the
market
or
when
to
exit.
On
the
trading
charts,
it’s
marked
by
a
dotted
line,
and
whenever
this
dotted
line
is
above
an
asset’s
price,
it
indicates
that
traders
should
get
into
the
market.

For
Pendle,
this
indicator
is
slightly
above
the
price
at
$5.02.
It
has
stayed
above
the
price
for
the
past
five
days,
hitting
a
high
of
$6.08
on
Wednesday
when
the
price
was
$5.3.