A closely followed crypto strategist says he’s bullish on one Ethereum (ETH) competitor that surged by as much as 43% last week.
Pseudonymous trader Altcoin Sherpa tells his 216,300 followers on the social media platform X that Fantom (FTM) will see more rallies in the coming months.
“FTM is going to $1-ish before any pullback and should go even higher in the next six months, in my opinion. Interesting upgrades/pivots coming here, and I have a bag. This looks strong in the short term.”
At time of writing, FTM is worth $0.856.
Looking at the native asset of the decentralized oracle network Chainlink (LINK), the trader says the altcoin is in a position to ignite a breakout rally.
“LINK goes to $20 if it can break past this $16 mark, in my opinion.
Still wouldn’t personally buy here though.”
At time of writing, LINK is trading at $16.53.
Next is the memecoin dogwifhat (WIF), which the analyst says is approaching a potential bounce level.
“WIF: $2.30 should provide a bounce area. Thought it would break past the range high but definitely was wrong. Could also see the wick tapped again, too, around $1.80. Those should be good short-term bounces overall.”
At time of writing, WIF is worth $2.54.
The last altcoin on the trader’s radar is the native asset of the Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP). According to Altcoin Sherpa, JUP is currently in the process of carving a bottom.
“Some of these charts look pretty good overall. JUP for example. expecting some sort of slow grind up after forming some sort of short-term bottom.”
At time of writing, JUP is trading for $1.18.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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