Ethereum

Fantom

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 <p>Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on an Ethereum (ETH) competitor based on price action.</p>
 <p>Martinez tells his 36,800 followers on the X social media platform that Fantom (FTM) managing to overcome and stay above a key resistance level “marks a significant bullish turn” for the smart contract-enabled blockchain platform’s native token.</p>
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 <p>According to Martinez, FTM has the potential to surge by about 35% from the current level to around $0.65.</p>
 <p><i>“As long as FTM stays above this crucial level [of $0.47], brace for a strong rally!”</i></p>
 <p>Per a chart citing data from blockchain analytics platform IntoTheBlock, 99.21% of investors and traders who bought FTM at between $0.399 and $0.542 are in profit while only 0.76% are underwater.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GB3qgWQX0AADSGi?format=jpg&amp;name=small" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Fantom is trading at $0.482 at time of writing, up by over 60% over the past 30 days.</p>
 <p>Next up is the Ethereum scaling solution Polygon (MATIC). Martinez says that Polygon has an enormous resistance zone to overcome.</p>
 <p><i>“Polygon is currently up against a tough supply wall, ranging from $0.79 to $0.84. In this zone, around 39,000 addresses are holding over 4.24 billion MATIC.</i></p>
 <p><i>For MATIC to embark on a journey to new heights, it’s crucial to break through this level with conviction.”</i></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GB3JN8SWkAASMUq?format=jpg&amp;name=small" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
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 <p>MATIC is trading at $0.855 at time of writing, up by 7% over the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brace-for-a-strong-rally-trader-says-ethereum-rival-has-entered-bullish-zone-could-surge-by-double-digits-tbt74595.html">https://thebittimes.com/brace-for-a-strong-rally-trader-says-ethereum-rival-has-entered-bullish-zone-could-surge-by-double-digits-tbt74595.html</a></p>

‘Brace for a Strong Rally’ – Trader Says Ethereum Rival Has Entered Bullish Zone, Could Surge by Double Digits

TheBitTimes

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