The cryptocurrency market is on track to close the week with a decline. However, analysts are quite hopeful for some tokens. While the analyst nicknamed Altcoin Sherpa announced bullish targets for BLUR, LINK and FET, another popular analyst nicknamed Bluntz expects a run from SOL, WIF and MAV.
‘Altcoin Sherpa’bulls of: BLUR, LINK and FET
cryptokoin.comAs you follow from , there is an uneasy expectation in the crypto market. Leading cryptocurrency Bitcoin is preparing to close the week with a double-digit loss. Major altcoins are also generally moving in the red zone. However, some tokens are diverging from the market. Altcoin Sherpa, the pseudonymous analyst, says the Non-Fungible Token (NFT) market and aggregator platform Blur (BLUR) will surpass its all-time high of $1.40. “BLUR is one of the few ways you can bet that the entire NFT industry will take off,” the analyst said. There is a rise in many NFT infrastructures.” says. The analyst’s target is approximately 2x the current altcoin price.
The analyst then looks at Chainlink (LINK). Altcoin Sherpa refers to Chainlink as a “solid long-term project,” although it is unlikely to offer “mind-blowing returns” due to its relatively high market cap. That’s why he says he’s “still very bullish.” According to altcoin Sherpa’s chart on the 12-hour time frame, LINK is likely to trade in a range between roughly $13.50 and $17 in January and February.
Next up is Fetch.ai (FET), a decentralized AI platform for applications. According to the analyst, FET looks “pretty strong” this year, although it is currently in the process of consolidation. According to charts from altcoin Sherpa, the current support level for FET is around $0.608 on the weekly chart. The nearest resistance level is at $0.779. According to Altcoin Sherpa, FET is currently more suitable for medium-term trading as opposed to short-term.
Bluntz’s bull picks: SOL, WIF and MAV
The popular analyst, nicknamed Bluntz, says Solana could rise more than 39% from its current value. The analyst said, “SOL is preparing to rise above $140. This downtrend has been tested too many times for me to consider a bearish move and I can’t ignore a clear three wave move down from the highs that appear to be corrective. Looks like the last two week gap has been a floor, send.” says.
The analyst then says that meme-coin dogwifhat (WIF) is set for a breakout after a period of price consolidation around the $0.33 level. In this context, Bluntz said for the altcoin, “There is a very healthy consolidation range in WIF below the previous ATH. “You better believe we’ll be sending it in full when we get out of this window.” says.
The analyst also predicts that decentralized exchange (DEX) project Maverick Protocol (MAV) will experience a major rally after breaking out of an ascending channel. “Now this is a monster daily MAV breakout,” Bluntz said of the altcoin. “We have entered the parabola phase.” says.
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