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Ethereum and other major altcoins land in favorable zones; check out the list!
About Crypto Banter The sniper commercial show, the analyst made strong statements in focusing on the recent movements of Bitcoin and Ethereum rather than dwelling on past data. Specifically, he said this Ethereum has shown a strong upward movement recently, suggesting a potential entry around $3,300 if it reaches that level again.
Regarding Ethereum dynamics versus Bitcoin, the analyst suggested that Bitcoin could continue to outperform Ethereum for the next week or two before potentially seeing a reversal. This assessment considers various factors such as market sentiment, technical levels such as Fibonacci retracements, and broader market trends.
Keep an eye on these altcoins
He went on to discuss several tokens currently in favorable buying zones, starting with Ghost (FTM), which is approaching the 61.8% Fibonacci retracement level at around 55-60 cents. Despite the current market blush, this presents an ideal opportunity to accumulate Fantom due to its significant price decline from previous highs and its alignment with key technical indicators such as the RSI at oversold levels.
The analyst further predicted: “If Bitcoin surpasses its all-time high and market conditions improve, my targets for Fantom could see 1.6 to 1.7x earnings from current levels.
Moving on to Chain shirt (LINK), said that a bounce from the 61.8% retracement level has occurred, demonstrating strong support at this level following recent volatility. This indicates a strategic entry point, especially in the event of a further pullback, with suggested investment entries around $14 and potentially $12 if Bitcoin shows weakness.
With regard to Polka dot (DOT), noted that it is currently at the 61.8% retracement level, suggesting that it is a good time to consider purchasing DOT tokens. He also hinted at the possibility of additional buying opportunities if Bitcoin were to take a temporary dip.
Turning to Matic, the analyst said: “Matic is currently at lows. It seems like a no-brainer to buy Matic here, especially if it aligns with your portfolio strategy.”
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