Cardano

VeChain

Fantom

mirror

<div class="dailyhodl">
 A crypto strategist thinks that one altcoin that’s trading under the radar could repeat its mid-2020 price action en route to printing massive gains.
 Analyst Ali Martinez tells his 35,900 followers on the social media platform X that supply-chain management blockchain VeChain (VET) looks poised to break out of its immediate resistance at $0.033.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 According to the analyst, VET appears to be mirroring its consolidation between 2018 to 2020 and a breakout could push the altcoin to his long-term target of $0.70.
 “VeChain, the forgotten Chinese Ethereum, appears to mirror the consolidation phase we saw in 2018-2020! If so, VET could break through the $0.033 resistance barrier within the next two weeks. The upswing could send VET to $0.077 by late January. That’s a 150% price increase!”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBYiQCkWsAAmiE1?format=jpg&amp;name=4096x4096" alt="Image" width="2232" height="1515">
 <figcaption class="wp-caption-text">
 Source: Ali Martinez/X
 </figcaption>
 </figure>
 At time of writing, VET is trading for $0.030, suggesting an upside potential of about 2,230% if the altcoin hits the analyst’s long-term target.
 Looking at the smart contract platform Cardano (ADA), the analyst notes that the altcoin is in a position to take out its diagonal resistance.
 “Cardano is forming a descending triangle on the lower time frames. A sustained close above $0.638 could trigger a bullish breakout, potentially propelling ADA toward $0.700.
 However, keep a close eye on the $0.613 support. Any weakness at this level could dampen the ADA bullish momentum.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBaWzqHWgAE7b5r?format=jpg&amp;name=4096x4096" alt="Image" width="2233" height="1515">
 <figcaption class="wp-caption-text">
 Source: Ali Martinez/X
 </figcaption>
 </figure>
 At time of writing, ADA is worth $0.614.
 As for Ethereum (ETH) rival Fantom (FTM), the trader says that the altcoin is currently trading at a key resistance level and a breakout could ignite a nearly 50% surge.
 “Fantom has hit a significant resistance zone. Over 1,430 addresses hold 657.60 million FTM accumulated between [$0.44] and $0.46.
 For a bullish leap, FTM needs to break through this area decisively. If it succeeds, we could see a 45% rally, aiming for $0.65.”&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/GBaqP2UWEAAjRvm?format=jpg&amp;name=medium" alt="Image" width="1200" height="443">
 <figcaption class="wp-caption-text">
 Source: Ali Martinez/X
 </figcaption>
 </figure>
 At time of writing, FTM is trading for $0.42.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-predicts-2-230-rally-for-one-under-the-radar-altcoin-says-bullish-leap-in-sight-for-cardano-and-fantom-tbt73982.html">https://thebittimes.com/trader-predicts-2-230-rally-for-one-under-the-radar-altcoin-says-bullish-leap-in-sight-for-cardano-and-fantom-tbt73982.html</a>

Trader Predicts 2,230% Rally for One Under-the-Radar Altcoin, Says Bullish Leap in Sight for Cardano and Fantom

TheBitTimes

Otros artículos publicados el 18 dic 2023

Bitcoin Price Analysis: If BTC Breaks This Level, The Bull Market Could Get in Action

Top-level tiff threatens Russia’s economic future

Unlocking Competitive Advantage with Generative AI: A Practical Guide

Bitcoin Notes Weekly Outflows Of $33 Mln Amid Crypto Market Selloff

Galaxy digital’s $24.3M ETH transfer to Binance

Blockchain-powered private loans jump by over 55% to $581m in 2023

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!