Avalanche (AVAX) and three additional Altcoins preparing for rallies, according to Top Crypto Analyst
A crypto strategist and trader very often predicts that the Avalanche smart contract platform and three other altcoins will ignite and reunite.
Alias trader Altcoin Sherpa tells its 157,900 Twitter followers that it is looking for Avalanche (AVAX) to continue to rise on the path to its $ 130 target.
“Decent volume overall. The 4-hour market structure is still bearish. That’s still a big bag for me. I’ll probably rule myself out a little with $ 130.”
At the time of writing, AVAX is trading at 107.89, up 42% from its $ 75.63 seven-day low.
Another currency on the merchant list is the Polkadot Interoperable Blockchain (DOT). According to the cryptocurrency strategist, Polkadot should go back to $ 35 before resuming its downward trend.
“It’s better that $ 24 continues to hold or that will go to the city of goblins. I still think it will and I think it will finally make a kind of high lower.”
An increase in the target of Altcoin Sherpa represents a potential upside of more than 42% for the DOT from its current price of $ 24.62.
Next up is Fantom (FTM), a network of custom blockchains that aims to drive smart cities. Altcoin Sherpa says FTM is in the middle of cutting a fund to $ 1.40, which it says will set the stage for a $ 2.80 rally.
“Solid swing trade entry right here. Personally, I’m waiting for some other currencies / changes. Still, there’s a lot of confluence in this area.”
The latest currency on the trader’s radar is Curve (CRV), the Curve Finance government’s testimony of decentralized exchange focused on the stable currency. According to the cryptographic analyst, he believes that CRV is now in a position to pull off its 2021 high of $ 6.39.
“One of the few strong ETH DeFi (decentralized finance) currencies, I think this one looks pretty solid. That said, the resistance is approaching, in my opinion, expect a break from that.
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Featured image: Shutterstock / Tithi Luadthong / Vladimir Sazonov
