A popular crypto analyst, Altcoin Sherpa, has shared some positive predictions for several cryptocurrencies, particularly those seen as competitors to Solana.
Sei (SEI) Looks Promising
Sherpa is bullish on Sei (SEI), noting its breakout from a rounding bottom pattern on the weekly chart. He sees this as a strong indicator of an upcoming uptrend. While acknowledging the need for further development, he suggests a potential entry point around $0.60. At the time of writing, SEI was trading at $0.66.
Fantom (FTM): A Long-Term Hold?
The analyst also highlighted Fantom (FTM), suggesting it’s a solid long-term investment due to its strong fundamentals. He points to several positive factors: Andre Cronje’s departure from the project (which he views positively), a relatively high circulating supply limiting sell pressure from venture capitalists, an upcoming rebranding, and a lengthy accumulation period on the charts. While he doesn’t recommend buying at the current price ($1.00 at the time of writing), he suggests buying on any dips. He sees FTM’s resistance level at $1.10.
NEAR Protocol: Slow and Steady
Finally, Sherpa discussed Near (NEAR), noting its slow price action, making it less suitable for active trading. However, he believes its connection to narratives surrounding AI and its status as a Layer-1 protocol could drive future growth. He holds NEAR in his portfolio and believes it has potential, though he’d like to see more development. At the time of writing, NEAR was trading at $6.97, with a potential resistance level at $8.29.
Disclaimer: This information is for general knowledge and discussion only and does not constitute investment advice. Always conduct your own thorough research before making any investment decisions.
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