A widely followed crypto analyst says three prominent altcoins, including Ethereum (ETH), appear poised to skyrocket.
In a new strategy session, pseudonymous crypto trader Rekt Capital tells Its 519,200 followers on social media platform
“The cursory retest runs perfectly. In fact, retesting the trendline as new support appears to be successful, continued stability in the $3,650 region would allow a challenge towards $4,000 (red).”
Ethereum is trading at $3,790 at the time of writing, up 6% over the past 24 hours.
We continue with Ethereum rival Avalanche (AVAX), Rekt Capital say Not only has that led the altcoin to an unexpected rally recently, but if it can recapture its previous all-time high in March, it could continue to rise.
“The avalanche doesn’t care, it just recovered without the need for a $38.57 (blue) retest. Of course, this will remain a natural dip level in the event of a future downturn. But if AVAX is able to regain the March 2024 highs (black $54.23), it could move higher.”
AVAX is trading at $53.00 at the time of writing, a gain of 6.5% on the day.
Concluding his analysis with artificial intelligence (AI)-focused altcoin Artificial Superintelligence Alliance (FET), the trader say the token is about to successfully retest a critical support zone before heading higher.
“There is a retest from the $1.77 (red) level to new support. FET shows the first signs of a successful retest. History may be slowly repeating itself for FET.”
FET is trading at $1.89 at the time of writing, a gain of 2.6% over the past 24 hours.
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Generated image: Midjourney