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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The post Trader Predicts More Rallies for Surging Ethereum Rival, Updates Outlook on Chainlink and Two Additional Altcoins appeared first on The Daily Hodl.