dailyhodl.com
A closely followed crypto strategist believes that one decentralized finance (DeFi) altcoin is gearing up for “explosive” rallies.
Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that the native token for lending platform Aave ($AAVE) could soon spark another leg up after trading in a range for weeks.
“$AAVE’s true move coming again soon. I caught it [on September 8th] but am out (just as a scalp). I think a more explosive move is going to come though…lots of compression. Of course, we need BTC to play nice first but eyes on $AAVE.”
$AAVE is trading for $137 at time of writing, up more than 11% in the last 24 hours.
Next up, the analyst says he is turning bullish on Solana (SOL) competitor Sui ($SUI). He says that $SUI may dip to the Fibonacci retracement level at $0.87, presenting a good entry point for bulls.
“$0.87 would be a good entry for $SUI.”
$SUI is trading for $0.91 at time of writing, down slightly in the last 24 hours.
Lastly, the analyst says that the Artificial Superintelligence Alliance ($FET) rally could continue higher after breaking out.
“Nice move up for $FET [September 8th]; to be determined if this has the juice to go higher. Would definitely take some off at $1.21ish though.”
$FET is trading for $1.16 at time of writing, up more than 9% in the last 24 hours.
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