As the Bitcoin halving event approaches, the cryptocurrency market has begun to show signs of strength again. Leading crypto Bitcoin managed to pass the 70 thousand dollar threshold after remaining below it for a while. Altcoins are also taking a step north with BTC’s recovery. In this atmosphere, an analyst with a wide follower base announced his expectations for the 4 altcoins on his radar. The analyst says that ENA and FTM Coin price will show a strong performance.
Altcoin Sherpa: FTM Coin It will perform well!
cryptokoin.comAs you follow from , the market is struggling to gain upside momentum following the pullback. In this environment, an analyst with the pseudonym Altcoin Sherpa says that Fantom (FTM Coin) will rise more than 15% from its current value. However, based on his chart, the analyst suggests that Fantom will fall to the Fibonacci retracement level around $0.80 before rising to $1.15. Altcoin Sherpa shares the following predictions for FTM Coin:
FTM: I think this is still a very solid coin and will perform well in 2024 given its treasuries. However, I would like to see consolidation for a longer-term bottom formation. I expect this level to be $0.83 or $0.70. It’s still on the rise and I have a bag.
Meanwhile, FTM Coin was trading at $0.9373 at the time of writing, losing nearly 6% in the last 24 hours. However, FTM Coin is up around 10% on its weekly chart.
Analyst expects rise after pullback for CORE and ENA
After Fontom, the analyst is looking at Ethena (ENA). ENA is the governance token of Ethena Labs’ DeFi protocol. The analyst predicts that ENA price will breakout after a period of consolidation around the $1.24 level. In this context, the analyst said, “ENA’s first reaction. “I think we will consolidate and then start to rise.” says.
The analyst expects a pullback before an upward move for Core (CORE). Core is a layer-1 blockchain that takes advantage of Bitcoin’s (BTC) PoW network. For his forecast, the analyst wrote, “CORE: This is calming down after a wild run. I think it is reasonable to buy in this current area of around $2.50, going down to $2. “I expect BTC ecosystem projects to perform quite well over the next 12-18 months.” says.
“OM, good buy below this level!”
Finally, the analyst says he remains bullish on Mantra (OM). Mantra is a crypto project focused on real-world asset (RWA) tokenization. The analyst shares the following views for OM:
OM: I always thought $0.50 would be a great buy. However, it hasn’t arrived yet. Some scary territory here, but as an RWA game I’m still bullish. I have a bag.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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