Crypto Analyst Says One Solana Rival Primed To Go Higher, Outlines Path Forward for Fantom and NEAR Protocol
A extensively adopted crypto analyst thinks one Solana (SOL) challenger is gearing up for extra rounds of upside bursts.
Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) appears to be like bullish after breaking out of a rounding backside sample on the weekly chart.
A rounding backside formation is a bullish reversal construction suggesting that an asset is able to witness a brand new uptrend.
Says Altcoin Sherpa,
“Fundamentals-wise, I feel there must be a bit extra constructed on there for individuals to gamble on however all in all, it appears to be like actually good for increased. Grabbing a bag a bit decrease if it comes. One thing like $0.60 could be an honest entry for my part.”
At time of writing, SEI is price $0.66.
One other altcoin on the dealer’s radar is the sensible contract platform Fantom (FTM). In accordance with the crypto strategist, FTM looks strong for long-term buyers given its robust fundamentals. He additionally says the coin appears to be like bullish after breaking out from a multi-month accumulation interval.
“FTM: there’s loads to love with this chart and challenge IMO (for my part):
-Andre [Cronje] cracked dev
-high float/not as a lot promote strain from VCs (enterprise capitalists)
-Sonic rebrand coming that hits all of the narratives
-chart-wise, virtually a two-year accumulation interval adopted by some large strikes and clear ranges.
I’m in.
Don’t actually suggest you purchase at this present stage, to be frank, however I feel that purchasing any dips is an efficient factor. Nonetheless consider that it is a fairly respectable one to carry for those who’re on the lookout for older 2021 movers which have excessive float/provide out (others like AVAX is perhaps thought-about).”
Primarily based on the dealer’s chart, he appears to recommend that FTM is dealing with one large resistance stage at $1.10.
At time of writing, FTM is buying and selling at $1.00.
fellow layer-1 (L1) protocol Close to (NEAR), the dealer shares a chart suggesting that the altcoin could goal its resistance at $8.29 after transferring above $6.50.
“NEAR has fairly sluggish grinding worth motion and isn’t actually an awesome lively commerce proper now. That stated, I do suppose that this hits a whole lot of narratives for this cycle by way of AI (synthetic intelligence) and L1. Want to see extra progress on there / extra degen stuff however I do have a bag of this.”
NEAR is buying and selling at $6.97 at time of writing.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Value Motion
Comply with us on X, Facebook and Telegram
Surf The Each day Hodl Combine
Featured Picture: Shutterstock/Alberto Andrei Rosu/Plasteed
