Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally
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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.”
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Featured Image: Shutterstock/Julia Ardaran and Salamahin
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