Cryptocurrency analysts name the tokens that will bring profits to their investors in January

Cryptocurrency market analysts have released several January predictions, the biggest of which concern Chainlink (LINK), BNB, and second-tier (L2) solutions for scaling Ethereum (ETH).

LINK will become one of the growth leaders
In September and October 2023, Chainlink became one of the growth leaders: during this time, the asset price soared by almost 200%. However, since then, the rally has slowed significantly, and LINK has consolidated inside a parallel descending channel. Despite reaching a 2023 high of $ 17.67 on December 28, the price formed a long upper wick and fell.

However, the Relative Strength Index (RSI) is giving bullish readings. The indicator is above 50, rising and forming a hidden bullish divergence, which is considered a sign of a continuation of the uptrend. The channel resistance line is $ 18.50, coinciding with the long-term resistance area. If LINK breaks through this zone, it could rise 75% to the next resistance at $ 28.

BNB to rise above $ 400
The price of BNB started to rise after hitting a low of $ 202 in October 2023. During the upward movement, the asset broke above the long-term downward resistance line, which has lasted more than 770 days. Last week, altcoin updated its annual high of $ 320. The weekly RSI legitimized the breakout, rising above 50.

Now, BNB is facing resistance at $ 345. If the attempt to consolidate above it is successful, the price of the asset could soar 40% to the next resistance at $ 450.

Arbitrum (ARB) and Polygon (MATIC) are preparing for a rally
One of the biggest developments in the second half of 2023 was the significant increase in the price of Solana and its ecosystem. This could have led to a lack of liquidity in the Ethereum ecosystem. However, the situation may change in January.

The ARB price has almost reached an all-time high. If it closes above the $ 1.70 resistance area, it could rise by 45% to the next resistance at $ 2.50.

MATIC is also showing bullish signs. The asset’s price broke out of a long-term downward resistance line that has been in place for 740 days. A confident consolidation above it could trigger a 50% rise to the next resistance at $ 1.55.