A well-liked crypto analyst and dealer is predicting a powerful breakout for Ethereum competitor Fantom (FTM) and says that one other ETH rival is gearing as much as rally.
Crypto strategist Altcoin Sherpa tells his 165,100 Twitter followers that Fantom, a extremely scalable blockchain for enterprises, is threatening to take out a large resistance space above $3.00 en path to a contemporary all-time excessive.
“That is going to interrupt quickly. I don’t know when or how however this can be a bull flag in my view. Too robust of fundamentals proper now… $3.50 is subsequent up in my view. Strooooong coin.”
At time of writing, FTM is exchanging palms at $3.24, up practically 10% within the final 24 hours.
Subsequent up is Solana (SOL), a blockchain targeted on being scalable whereas remaining safe and decentralized. Altcoin Sherpa says that SOL seems able to ignite a rally after respecting a key assist stage.
“SOL: looks as if this present space was assist; is sensible given it’s the 200-day exponential transferring common and the final space of true consolidation in September. Anticipating not less than a decrease excessive to $170.”
One other coin on Altcoin Sherpa’s checklist is Harmony (ONE), a blockchain targeted on powering a decentralized economic system. In line with the crypto analyst, Concord is one resistance away from rallying to a brand new all-time excessive.
“ONE: The degrees appear fairly clear to me personally; it simply cleared one stage of resistance and going for all-time highs. I might personally wait till this dips a bit extra earlier than shopping for, nevertheless it seems very, very robust.”
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