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Home»ALTCOIN NEWS»Traders Predict a 2,230% Rise for One Under-the-Radar Altcoin and Bullish Jumps for Cardano and Fantom.
ALTCOIN NEWS

Traders Predict a 2,230% Rise for One Under-the-Radar Altcoin and Bullish Jumps for Cardano and Fantom.

By Crypto FlexsDecember 18, 20233 Mins Read
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Traders Predict a 2,230% Rise for One Under-the-Radar Altcoin and Bullish Jumps for Cardano and Fantom.
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One cryptocurrency strategist believes that an altcoin that trades below the radar could repeat its mid-2020 price action to reap huge gains.

Supply chain management blockchain VeChain (VET) is poised to break out of immediate resistance at $0.033, analyst Ali Martinez told his 35,900 followers on social media platform X.

According to analysts, VET appears to be reflecting the consolidation between 2018 and 2020, and a breakout could push the altcoin to its long-term target of $0.70.

“VChainthe forgotten chinese Ethereum, appears to reflect the consolidation phase seen in 2018-2020! then, veterinarian It may break the $0.033 resistance barrier in the next two weeks. The upward trend can be sent veterinarian It will increase to $0.077 by the end of January. “That’s a 150% increase in price!”

source: Ali Martinez/X

As of this writing, VET is trading at $0.030, suggesting an upside potential of approximately 2,230% if the altcoin achieves analysts’ long-term goals.

Looking at smart contract platform Cardano (ADA), the analyst notes that the altcoin is positioned to eliminate diagonal resistance.

“Cardano is forming a descending triangle on lower time frames. A sustained close above $0.638 could trigger a bullish breakout, potentially pushing ADA towards $0.700.

However, watch the $0.613 support closely. Weakness at this level could weaken ADA’s bullish momentum.”

video
source: Ali Martinez/X

As of this writing, ADA is worth $0.614.

As for Ethereum (ETH) rival Phantom (FTM), traders say the altcoin is currently trading at key resistance levels and a breakout could trigger a nearly 50% surge.

“Fantom has reached a significant resistance zone. Over 1,430 addresses hold 657.6 million FTM accumulated between ($0.44) and $0.46.

For a bull market to take off, FTM must boldly break through this area. If successful, we could see a 45% rally targeting $0.65.”

video
source: Ali Martinez/X

As of this writing, FTM is trading at $0.42.

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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 are responsible for any losses that may occur. 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.

Image created by: Midjourney
Featured Image: Shutterstock/AtlasbyAtlas Studio

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