dailyhodl.com
A widely followed crypto analyst and trader is turning bullish on one privacy-focused low-cap altcoin project.
The analyst pseudonymously known as Altcoin Sherpa tells his 206,200 followers on the social media platform X that crypto project Manta Network (MANTA) may be in an uptrend after flipping a key resistance level at $2.77 into support.
“MANTA: all-time high soon. New launched coins + narrative = strong candidates to actually be ok in this current market environment.”
MANTA is trading for $2.97 at time of writing, down more than 8% in the last 24 hours.
Next up, the trader predicts Ethereum (ETH) competitor Solana ($SOL) may retest lower Fibonacci retracement levels before rallying again.
“$SOL: I think that DCAing (dollar cost averaging) in at the .382 ($84.67) and .50 ($71.81) are both good options for long-term holds for Solana. Not expecting things to ramp up quite yet but just be patient.”
Solana is trading for $86.70 at time of writing, down more than 2% in the last 24 hours.
Lastly, the trader weighs in on decentralized artificial intelligence platform for applications Fetch.ai ($FET). He warns that based on trading volume trends, $FET may decline nearly 20% from its current value.
“$FET: short-term bottom looks like it could be in, but I still ultimately believe this trades lower, around $0.45-$0.55. Hope I’m wrong.”
$FET is trading for $0.57 at time of writing, down more than 3% in the last 24 hours.
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