Analyst Predicts 200% Rally for Ethereum Competitor, Says One Low-Cap Altcoin Showing Signs of a Breakout
A intently adopted crypto analyst believes that one Ethereum (ETH) challenger is gearing up for a breakout rally on the way in which to printing beneficial properties of about 200%.
Dealer Ali Martinez tells his 37,800 followers on the social media platform X that the sensible contract platform Fantom (FTM) seems to be forming a massive bullish reversal sample on the weekly chart.
In response to Martinez, a transfer above the sample’s resistance will set off a rally that may ship the altcoin to a stage final seen in April 2022.
“Fantom appears to form a ‘W’ pattern on its weekly chart. If FTM sustains a weekly close above $0.57, it will confirm this bullish formation and march toward $1.60!”
At time of writing, FTM is buying and selling for $0.532.
The dealer can also be intently following the value motion of the iris biometric cryptocurrency mission Worldcoin (WLD). In response to the analyst, WLD is now buying and selling above the diagonal resistance of a bullish continuation sample.
“Worldcoin shows signs of a breakout from a bull flag on its four-hour chart! If confirmed, this could pave the way for WLD to enter an 80% rally, targeting $6.30.”
At time of writing, WLD is buying and selling at $3.67, down over 5% within the final 24 hours however nonetheless above the analyst’s diagonal resistance.
Trying on the blockchain-based gaming ecosystem The Sandbox (SAND), the analyst thinks that the altcoin is poised to maneuver larger after transferring a resistance stage primarily based on the quantity of wallets holding SAND at key worth ranges.
“The Sandbox above $0.55 presents a bullish opportunity! With a clear path ahead and no major resistance, SAND could aim higher. The next critical resistance wall is between $0.90 and $1.35, where 23,000 addresses hold 447 million SAND.”
At time of writing, SAND is price $0.61.
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