Closely followed crypto trader, Decentraland (MANA) predicts that ApeCoin (APE) and Frax Share (FSK) are poised for serious gains.
The analyst, known by the pseudonym Cantering Clark, told his 156,700 twitter followers that metaverse protocol Decentraland showed a short bearish squeeze and signaled more upside.
GameFi and the metaverse pumping… To take a guess, MANA has upside potential before it sees a short and the like. This compression still has its strength.
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Short squeze, or short position squeeze, means that traders who borrow units of an asset at a certain price in hopes of selling them at a lower price in order to profit from the difference are forced to buy back the assets as they act against the biases.
As Koinfinans.com reported, at the time of this writing, MANA was worth $0.41, up 38% from this month’s low of $0.295.
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ApeCoin Cantering Clark, who also made a prediction about the Bored Ape Yacht Club community, stated that it will likely continue upwards after the local token overcomes the immediate resistance.
A close of more than $4.30 per week is currently only 30 minutes away. If Metaverse and GameFi are to keep pumping, APE manages to catch the wind in its sails.
At the time of this writing, the APE was worth $4.52. A move towards the analyst’s target of $7.20 means about 60% upside potential for APE.
Finally, the analyst frax He noted that FXS, the governance token of the stablecoin protocol, appears to be forming a solid bottom and may be preparing for a breakout.
I see FXS got a bid again and there is a granite bottom on this three-day chart. I think this break will happen and I will act that way.
Source : the crypto basic