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Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom

August 16, 2024
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A extensively adopted crypto strategist and dealer believes that one low-cap layer-1 altcoin venture could also be gearing up for an enormous rally.

Pseudonymous analyst The Crypto Canine tells his 810,000 followers on the social media platform X that Saga (SAGA) could also be breaking out of a descending trendline on the three-day chart.

“Longed SAGA. Appears to be like prepared to begin it’s first bull pattern.”

Supply: The Crypto Canine/X

The blockchain venture Saga goals to allow builders to launch interoperable, application-specific chains referred to as “Chainlets.”

Saga is buying and selling for $1.45 at time of writing, down 10% within the final 24 hours.

Subsequent up, the analyst suggests Ethereum (ETH) competitor Solana (SOL) could also be achieved correcting in opposition to Bitcoin (SOL/BTC).

“Alright, SOL/BTC exhibiting energy now. Assume we could have simply purchased the underside.”

Image
Supply: The Crypto Canine/X

SOL/BTC is buying and selling for 0.002475 BTC ($138) at time of writing, up 1.47% within the final 24 hours.

Lastly, the analyst suggests ETH rival Fantom (FTM) could also be getting into an uptrend in opposition to Bitcoin (FTM/BTC) on the four-hour chart.

“FTM is one other with energy proper now. The shills maintain saying one thing about supersonic rebrand. USD pair seems to be near breaking a downtrend resistance, could possibly be a winner.”

Image
Supply: The Crypto Canine/X

FTM/BTC is buying and selling for 0.00000648 BTC ($0.36) at time of writing, up 3.68% within the final 24 hours.

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Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate internet marketing.

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Tags: AltcoinBullishFantomLayer1OutlinespathSolanaTraderUndertheRadar
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