Altcoins
Ethereum and other top altcoins land in favorable zones; check out the list!
About Crypto Banter The Sniper Trade Show, the analyst made strong statements about the need to focus on the recent movements of Bitcoin and Ethereum rather than dwelling on past data. More specifically, he said that Ethereum has recently shown a strong upward move, suggesting a potential entry around $3,300 if it hits this level again.
Regarding Ethereum’s momentum versus Bitcoin, the analyst suggested that Bitcoin could continue to outperform Ethereum for a week or two before potentially experiencing a reversal. This assessment takes into account various factors such as market sentiment, technical levels such as Fibonacci retracements, and broader market trends.
Keep an eye on these altcoins
He went on to discuss several tokens currently in favorable buying zones, starting with Ghost (FTM), which is approaching the 61.8% Fibonacci retracement level between 55 and 60 cents. Despite the current market redness, this represents an ideal opportunity to accumulate Fantom due to its significant price decline from previous highs and its alignment with key technical indicators such as the RSI at oversold levels.
The analyst further projected: “If Bitcoin surpasses its all-time high and market conditions improve, my targets for Fantom could see gains of 1.6 to 1.7 times from current levels.
Will pass Chain link (LINK), he said its rebound from the 61.8% retracement level, demonstrating strong support at this level after recent volatility. This indicates a strategic entry point, especially if there is a further pullback, with investment entries suggested around $14 and potentially $12 if Bitcoin shows weakness.
Concerning Peas (DOT), he noted that it is currently at the 61.8% retracement level, suggesting that now is a good time to consider purchasing DOT tokens. He also hinted at the possibility of additional buying opportunities if Bitcoin experiences a temporary decline.
Regarding Matic, the analyst said: “Matic is currently at the bottom of its range. It seems like a no-brainer to buy Matic here, especially if it fits your portfolio strategy.
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