A widely known cryptocurrency strategist and trader believes that a low-cost layer-1 altcoin project could be gearing up for a massive rally.
Anonymous analyst The Crypto Dog told his 810,000 followers on social media platform X that Saga (SAGA) could break out of a downtrend line on the 3-day chart.
“Old SAGA. Looks like it’s ready to start its first uptrend.”
Blockchain project Saga aims to enable developers to launch interoperable application-specific chains called “Chainlets”.
At the time of writing, Saga is trading at $1.45, down 10% over the last 24 hours.
The analyst then suggested that Solana (SOL), a competitor to Ethereum (ETH), may have completed a correction compared to Bitcoin (SOL/BTC).
“Okay, SOL/BTC is bullish right now. I think we may have just bought the bottom.”
At the time of writing, SOL/BTC is trading at 0.002475 BTC ($138), up 1.47% in the last 24 hours.
Finally, the analyst suggests that ETH competitor Fantom (FTM) may be entering an uptrend versus Bitcoin (FTM/BTC) on the 4-hour chart.
“FTM is another one that has strength right now. The scammers keep talking about a supersonic rebrand. The USD pair looks close to breaking downtrend resistance and could be a winner.”
At the time of writing, FTM/BTC is trading at 0.00000648 BTC ($0.36), up 3.68% in the last 24 hours.
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