A cryptocurrency strategist says he is bullish on one Ethereum (ETH) rival, which has surged 43% in the past week.
Alien trader Altcoin Sherpa told his 216,300 followers on social media platform X that Fantom (FTM) could see more upside in the coming months.
“I think FTM will be around $1 before the pullback occurs and will go much higher in the next six months. There’s an interesting upgrade/pivot coming here, and I’m in the bag. “It looks strong in the short term,” he said.
As of this writing, FTM is worth $0.856.
Looking at the underlying asset of decentralized oracle network Chainlink (LINK), traders say the altcoin is positioned to trigger a breakout rally.
“I think if LINK can break this $16 mark, it will be $20.
Personally I wouldn’t buy from here though.”
As of this writing, LINK is trading at $16.53.
Next up is Memecoin dogwifhat (WIF), which analysts say is approaching a potential rebound level.
“WIF: $2.30 should provide some bounce area. I thought it would surpass the all-time high, but I was definitely wrong. You may also see the wick being struck again for around $1.80. “Overall, it will be a good short-term rebound.”
As of this writing, WIF is worth $2.54.
The last altcoin on traders’ radar is the native asset of Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP). According to Altcoin Sherpa, JUP is currently in the process of hitting bottom.
“Some of these charts look pretty good overall. For example JUP. “I expect it to form some kind of short-term bottom and then see some kind of slow rise.”
As of this writing, JUP is trading at $1.18.
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