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Home»ALTCOIN NEWS»Analyst predicts 200% rebound for Ethereum rivals and says one low-cap altcoin is showing signs of a breakout.
ALTCOIN NEWS

Analyst predicts 200% rebound for Ethereum rivals and says one low-cap altcoin is showing signs of a breakout.

By Crypto FlexsDecember 28, 20233 Mins Read
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Analyst predicts 200% rebound for Ethereum rivals and says one low-cap altcoin is showing signs of a breakout.
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A closely watched cryptocurrency analyst believes an Ethereum (ETH) challenger is gearing up for a breakthrough rally that could see it take gains of around 200%.

Trader Ali Martinez told his 37,800 followers on social media platform

According to Martinez, a move above the pattern’s resistance would trigger a rally that could send the altcoin to levels last seen in April 2022.

“fantasy On the weekly chart, it appears to be forming a ‘W’ pattern. If the FTM If the weekly close remains above $0.57, we will confirm this bullish formation and march towards $1.60!”

source: Ali Martinez/X

As of this writing, FTM is trading at $0.532.

Traders are also closely following the price action of Worldcoin (WLD), an iris biometric cryptocurrency project. According to analysts, WLD is currently trading above the diagonal resistance line in a bullish continuation pattern.

“Worldcoin shows signs of breaking out from the bull flag on the 4-hour chart! If confirmed, this could pave the way for WLD to enter an 80% rally targeting $6.30.”

video
source: Ali Martinez/X

As of this writing, WLD is trading at $3.67, down more than 5% in the last 24 hours, but still above analysts’ diagonal resistance.

Looking at blockchain-based gaming ecosystem The Sandbox (SAND), the analyst believes the altcoin is poised to move higher after moving resistance levels based on the number of wallets holding SAND at key price levels.

“Sandbox Anything above $0.55 is a bullish opportunity! The path ahead is clear and without much resistance. sand You can set higher goals. The next critical resistance wall is between $0.90 and $1.35, with 447 million held in 23,000 addresses. sand.”

video
source: Ali Martinez/X

As of this writing, SAND is worth $0.61.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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