Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally
A popular crypto analyst and trader is predicting a strong breakout for Ethereum competitor Fantom (FTM) and says that another ETH rival is gearing up to rally.
Crypto strategist Altcoin Sherpa tells his 165,100 Twitter followers that Fantom, a highly scalable blockchain for enterprises, is threatening to take out a massive resistance area above $3.00 en route to a fresh all-time high.
“This is going to break soon. I don’t know when or how but this is a bull flag in my opinion. Too strong of fundamentals right now… $3.50 is next up in my opinion. Strooooong coin.”
At time of writing, FTM is exchanging hands at $3.24, up nearly 10% in the last 24 hours.
Next up is Solana (SOL), a blockchain focused on being scalable while remaining secure and decentralized. Altcoin Sherpa says that SOL looks ready to ignite a rally after respecting a key support level.
“SOL: seems like this current area was support; makes sense given it’s the 200-day exponential moving average and the last area of true consolidation in September. Expecting at least a lower high to $170.”
Another coin on Altcoin Sherpa’s list is Harmony (ONE), a blockchain focused on powering a decentralized economy. According to the crypto analyst, Harmony is one resistance away from rallying to a new all-time high.
“ONE: The levels seem pretty clean to me personally; it just cleared one level of resistance and going for all-time highs. I would personally wait until this dips a bit more before buying, but it looks very, very strong.”
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Julia Ardaran and Salamahin
Credit: Source link
Comments are closed.