A noted cryptocurrency strategist said he is bullish on one Ethereum (ETH) competitor, which soared 43% last week.
Anonymous trader Altcoin Sherpa told his 216,300 followers on social media platform X that Phantom (FTM) is poised for further gains in the coming months.
“In my opinion, FTM will be around $1 before pulling back and should rise further in the next 6 months. Interesting upgrade/pivot coming here and I'm holding the bag. looks strong in the short term.”
At the time of writing, FTM is worth $0.856.
The trader said the altcoin is positioned to trigger a breakout rally, looking at the native asset of decentralized oracle network Chainlink (LINK).
“In my opinion, if LINK can break through this $16 mark, it will be $20.
Still, I personally wouldn't buy it here. ”
As of this writing, LINK is trading at $16.53.
Next up is memecoin Dogwifat (WIF), which analysts say is nearing a potential rebound level.
“WIF: We should get a bounce area at $2.30. I thought it would break out of the high of the range, but I was completely wrong. We also saw the wick tap again around $1.80. Overall This should lead to a good recovery in the short term.”
As of this writing, WIF is worth $2.54.
The final altcoin on traders’ radar is the native asset of Jupiter (JUP), a decentralized exchange (DEX) aggregator based on Solana (SOL). According to Altcoin Sherpa, JUP is currently digging a bottom.
“Some of these charts are looking pretty good overall. JUP for example. We're hoping for some kind of gradual rise after forming some kind of short-term bottom.”
At the time of writing, JUP is trading at $1.18.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me XFacebook, Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: On the journey
