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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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Tags: AltcoinBullishFantomLayer1OutlinesPathSolanaTraderUndertheRadar
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