Altcoins
Crypto Analyst Predicts Small-Cap Altcoin to Hit New All-Time High Soon, Updates Outlook on Solana and Fetch.ai
A widely followed crypto analyst and trader is becoming bullish on a privacy-focused small-cap altcoin project.
The pseudonymous analyst known as Altcoin Sherpa tell his 206,200 followers on social media platform X, crypto project Manta Network (MANTIS) could be in an uptrend after flipping a key resistance level at $2.77 into support.
“MANTA: soon an absolute record. New coins launched + narrative = strong candidates to be truly comfortable in this current market environment.
MANTA is trading at $2.97 at the time of writing, down more than 8% in the last 24 hours.
Then the trader predicted Ethereum (ETH) competitor Solana (GROUND) could retest the lower Fibonacci retracement levels before rebounding again.
“SOL: I think the DCA (cost average calculation) at 0.382 ($84.67) and 0.50 ($71.81) are both good options for long-term holds for Solana. I don’t expect things to speed up yet, but just be patient.
Solana is trading at $86.70 at the time of writing, down more than 2% in the last 24 hours.
Finally, the trader weighs on the decentralized artificial intelligence platform for Fetch.ai applications (FET). He warns that based on trading volume trends, FET could fall by almost 20% from its current value.
“FET: The short term bottom looks like it may be reached, but I still believe the price is trading lower, around $0.45 to $0.55. I hope I’m wrong.
FET is trading at $0.57 at the time of writing, down more than 3% in the last 24 hours.
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