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Home Altcoin

Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom

n70products by n70products
August 16, 2024
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A broadly adopted crypto strategist and dealer believes that one low-cap layer-1 altcoin mission could also be gearing up for an enormous rally.

Pseudonymous analyst The Crypto Canine tells his 810,000 followers on the social media platform X that Saga (SAGA) could also be breaking out of a descending trendline on the three-day chart.

“Longed SAGA. Seems to be prepared to start out it’s first bull pattern.”

Image
Supply: The Crypto Canine/X

The blockchain mission Saga goals to allow builders to launch interoperable, application-specific chains referred to as “Chainlets.”

Saga is buying and selling for $1.45 at time of writing, down 10% within the final 24 hours.

Subsequent up, the analyst suggests Ethereum (ETH) competitor Solana (SOL) could also be finished correcting towards Bitcoin (SOL/BTC).

“Alright, SOL/BTC displaying power now. Assume we could have simply purchased the underside.”

Image
Supply: The Crypto Canine/X

SOL/BTC is buying and selling for 0.002475 BTC ($138) at time of writing, up 1.47% within the final 24 hours.

Lastly, the analyst suggests ETH rival Fantom (FTM) could also be coming into an uptrend towards Bitcoin (FTM/BTC) on the four-hour chart.

“FTM is one other with power proper now. The shills preserve saying one thing about supersonic rebrand. USD pair seems to be near breaking a downtrend resistance, may very well be a winner.”

Image
Supply: The Crypto Canine/X

FTM/BTC is buying and selling for 0.00000648 BTC ($0.36) at time of writing, up 3.68% within the final 24 hours.

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Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses it’s possible you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in online marketing.

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Tags: AltcoinBullishFantomLayer1OutlinesPathSolanaTraderUndertheRadar
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