A crypto analyst closely followed by the crypto community says that a metaverse token0 and two additional altcoins are preparing themselves for a big bang.
The analyst, known by the pseudonym Altcoin Sherpa, gave his Twitter followers the virtual world. The Sandbox‘s native token SANDHe says it has excellent technical details that could trigger a second wave of metaverse rally.
“SAND: This chart looks perfect to me. 2. Is the Metaverse boom on its way? It’s a perfect passive swing trade I believe it is (fluctuating trading).”
SAND is trading at $6.32, down nearly 25 percent from its all-time high of $8.40 at the time of writing, according to data from CoinGecko.
The next altcoin on Sherpa’s radar is the open-source smart contract platform. Phantom (FTM). According to the analyst, FTM offers a premium setup for long positions.
“FTM: It’s been a few days. [altcoini] I’m watching, I just need to deposit money in this trade. This field is very solid for an entry in my opinion.”
FTM is trading at $2, down 42 percent from its all-time high of $3.16 in November.
It’s also last on Sherpa’s watch list. of Woo Network with local symbol WOO there is. Woo Network is a “deep liquidity” platform that connects traders, exchanges, institutions and decentralized finance (DeFi) platforms with democratic access to low-cost liquidity and trading application.
The altcoin is showing signs of a typical bullish market structure, with WOO hitting the higher high (new high high) at around $1.70 and now reaching a potential higher low (new high low) around $0.80.
“WOO: I still believe this is a bullish market structure and I think the lows have just been adjusted. We’ve had new high lows, now let’s move on. I still keep it in my bag.”
WOO is trading at $0.94, down nearly 50 percent from its all-time high of $1.78 at the time of writing, according to data from CoinGecko.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.