Ethereum

The Sandbox

Worldcoin

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 A closely followed crypto analyst believes that one Ethereum (ETH) challenger is gearing up for a breakout rally on the way to printing gains of about 200%.
 Trader Ali Martinez tells his 37,800 followers on the social media platform X that the smart contract platform Fantom (FTM) appears to be forming a large bullish reversal pattern on the weekly chart.
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 According to Martinez, a move above the pattern’s resistance will trigger a rally that can send the altcoin to a level last seen in April 2022.
 “Fantom appears to form a ‘W’ pattern on its weekly chart. If FTM sustains a weekly close above $0.57, it will confirm this bullish formation and march toward $1.60!”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCMseXGXUAAIpGJ?format=jpg&amp;name=medium" alt="Image" width="1200" height="780">
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 Source: Ali Martinez/X
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 At time of writing, FTM is trading for $0.532.
 The trader is also closely following the price action of the iris biometric cryptocurrency project Worldcoin (WLD). According to the analyst, WLD is now trading above the diagonal resistance of a bullish continuation pattern.
 “Worldcoin shows signs of a breakout from a bull flag on its four-hour chart! If confirmed, this could pave the way for WLD to enter an 80% rally, targeting $6.30.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCMoMj6WkAA77zU?format=jpg&amp;name=4096x4096" alt="Image" width="2233" height="1452">
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 Source: Ali Martinez/X
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 At time of writing, WLD is trading at $3.67, down over 5% in the last 24 hours but still above the analyst’s diagonal resistance.
 Looking at the blockchain-based gaming ecosystem The Sandbox (SAND), the analyst thinks that the altcoin is poised to move higher after moving a resistance level based on the number of wallets holding SAND at key price levels.
 “The Sandbox above $0.55 presents a bullish opportunity! With a clear path ahead and no major resistance, SAND could aim higher. The next critical resistance wall is between $0.90 and $1.35, where 23,000 addresses hold 447 million SAND.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCMkQwUXMAAgbWh?format=jpg&amp;name=4096x4096" alt="Image" width="2350" height="890">
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 Source: Ali Martinez/X
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 At time of writing, SAND is worth $0.61.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-200-rally-for-ethereum-competitor-says-one-low-cap-altcoin-showing-signs-of-a-breakout-tbt74951.html">https://thebittimes.com/analyst-predicts-200-rally-for-ethereum-competitor-says-one-low-cap-altcoin-showing-signs-of-a-breakout-tbt74951.html</a>

Analyst Predicts 200% Rally for Ethereum Competitor, Says One Low-Cap Altcoin Showing Signs of a Breakout

TheBitTimes

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