A closely watched crypto strategist thinks two altcoins unseen by most traders are gearing up for massive upside bursts.
Analyst Ali Martinez tells his 78,600 followers on social media platform X that he is bullish on the native asset of peer-to-peer file storage network Filecoin (FIL).
According to the analyst, FIL seems poised to rise to its highest level after respecting its long-term support. Martinez also thinks FIL could witness exponential rallies if it manages to overcome a crucial resistance level.
“I missed the $2.94 entry, but I’m still bullish on Filecoin FIL at this level.
The lower bound has held for almost two years, setting us up for a potential recovery to $9.50 – a 145% gain. If we see a breakout above the upper limit ($9.50), FIL could reach $30, giving an upside of about 700% from here.”
At the time of writing, FIL is worth $4.32, up more than 7% in the past day.
The trader is also keeping an eye on NOT, the community token for the popular Telegram-based tap-to-earn mining game Notcoin. Martinez says he is bullish on NOT after the altcoin destroyed the diagonal resistance of a falling wedge structure – a bullish reversal pattern.
“Notcoin did NOT break out of the falling wedge and its price is expected to rise 76% to $0.012!”
At the time of writing, NOT is worth $0.0076.
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