A widely followed crypto strategist and trader believes that one low-cap layer-1 altcoin project may be gearing up for a massive rally.
Pseudonymous analyst The Crypto Dog tells his 810,000 followers on the social media platform X that Saga (SAGA) may be breaking out of a descending trendline on the three-day chart.
“Longed SAGA. Looks ready to start it’s first bull trend.”
The blockchain project Saga aims to enable developers to launch interoperable, application-specific chains called “Chainlets.”
Saga is trading for $1.45 at time of writing, down 10% in the last 24 hours.
Next up, the analyst suggests Ethereum (ETH) competitor Solana (SOL) may be done correcting against Bitcoin (SOL/BTC).
“Alright, SOL/BTC showing strength now. Think we may have just bought the bottom.”
SOL/BTC is trading for 0.002475 BTC ($138) at time of writing, up 1.47% in the last 24 hours.
Lastly, the analyst suggests ETH rival Fantom (FTM) may be entering an uptrend against Bitcoin (FTM/BTC) on the four-hour chart.
“FTM is another with strength right now. The shills keep saying something about supersonic rebrand. USD pair looks close to breaking a downtrend resistance, could be a winner.”
FTM/BTC is trading for 0.00000648 BTC ($0.36) at time of writing, up 3.68% in the last 24 hours.
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The post Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom appeared first on The Daily Hodl.