The cryptocurrency market entered the red zone with Bitcoin falling below $65,000. The altcoin projects that came first also started to lose ground. However, an analyst with a wide follower who looks from a broader perspective says that an altcoin on his radar will make big rallies this year. The analyst also shares 2 altcoins he is keeping an eye on to throw in his bag.
Altcoin Sherpa: Core will make big numbers in 2024!
cryptokoin.comAs you follow from , the market has again shown its uncertain nature. Bitcoin and altcoins, which have been resistant for a while, started to lose ground again. However, some analysts see such situations as an opportunity. The analyst nicknamed Altcoin Sherpa says he is bullish on Core (CORE). CORE looks strong after erasing most of the losses experienced earlier this month. In this context, the analyst shares the following assessment:
CORE: This (Fibonacci levels) has held extremely well. The graphics also look very solid. I have a bag of this and I think it will make big numbers in 2024. Personally, I wouldn’t buy at the current level of $2.70-2.90, but I would prefer to wait for a decline around $2.20 to buy.
Meanwhile, during the summer, CORE was trading at $2.38, losing more than 10% on the day. However, it increased by over 350% from its 2024 opening price of $0.549.
“Something like this would be good for NEAR!”
The analyst is also keeping an eye on Ethereum rival Near Protocol (NEAR). Altcoin Sherpa predicts NEAR will pull back below $6.50 before rallying towards its $8.50 target. Analysts share charts one by one in this direction. Also, for NEAR, “I think something like this would be good.” says.
Meanwhile, at the time of writing, NEAR was changing hands at $6.95. Looking at the bearish trajectory, the token seems to be heading towards the analyst’s target.
Analyst: Be patient for FET!
Finally, the analyst looks at artificial intelligence (AI) focused altcoin Fetch.ai (FET). Altcoin Sherpa predicts that FET will likely revisit the local bottom at $1.80 before moving higher. In this regard, the analyst makes the following statement:
FET: first .50 Fibonacci test looks pretty good so far. We’ll see if there’s a follow-up or if we do another test there. Frankly, I think we will see at least one more test of the $1.80 level before moving higher later on. Be patient.
Meanwhile, at the time of writing, FET was trading at $2.42. Although the token saw a 2% decline on its daily chart, it gained approximately 28% on its weekly chart.
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