dailyhodl.com
A widely followed crypto analyst and trader is bullish on a top-100 altcoin by market cap.
The analyst pseudonymously known as Altcoin Sherpa tells his 205,600 followers on the X social media platform that he feels “very strongly” that the native token of the non-fungible token ($NFT) marketplace and aggregator platform Blur ($BLUR) will exceed its all-time high of $1.40, about 110% below the current price, reached in February of 2023.
“$BLUR is one of the few ways you can bet on the entire $NFT industry going up. Bullish on a lot of $NFT infrastructure.”
$BLUR is trading at $0.667 at time of writing.
Turning to Chainlink ($LINK), Altcoin Sherpa says that he is “still very bullish” on the blockchain oracle as a “solid long-term project” though it is unlikely to offer “mind-melting returns” due to its relatively high market capitalization.
Based on Altcoin Sherpa’s chart on the 12-hour time frame, $LINK is likely to trade in a range between roughly $13.50 and $17 in January and February.
Chainlink is trading at $15.80 at time of writing.
Next up is the decentralized artificial intelligence platform for applications Fetch.ai ($FET). According to the pseudonymous analyst and trader, $FET appears “pretty strong” this year though it is currently undergoing consolidation.
Based on Altcoin Sherpa’s charts, the current support level for $FET on the weekly chart is around $0.608 while the closest resistance level is at $0.779.
According to Altcoin Sherpa, $FET is currently more suitable for medium-term trading as opposed to short-term.
$FET is trading at $0.689 at time of writing.
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