Crypto Analyst Says One Solana Rival Primed To Go Higher, Outlines Path Forward for Fantom and NEAR Protocol
A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is a bullish reversal structure suggesting that an asset is ready to witness a new uptrend. Says Altcoin Sherpa, “Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on but all in all, it looks really good for higher. Grabbing a bag a bit lower if it comes. Something like $0.60 would be a decent entry in my opinion.” Source: Altcoin Sherpa/X At time of writing, SEI is worth $0.66. Another altcoin on the trader’s radar is the smart contract platform Fantom (FTM). According to the crypto strategist, FTM looks solid for long-term investors given its strong fundamentals. He a...