One of the most respected crypto traders and strategists believes that a low-capacity layer-1 altcoin may be gearing for a major rally.
The Crypto Dog, a pseudonymous analyst on social media platform X tells 810,000 of his followers that Saga’s (SAGA) three-day chart may have broken out from a descending pattern.
“Longed SAGA. “Long SAGA” looks ready for its first bullish trend .”
Saga, a blockchain-based project, aims to allow developers to create interoperable chains that are application specific and called Chainlets.
Saga has fallen 10% over the past 24 hours to $1.45.
The analyst believes that Solana, a competitor of Ethereum (ETH), may have finished correcting Bitcoin (SOL/BTC) by the time we reach this point.
Think we may have just bought the bottom.” We may just have bought the lowest .”.
SOL/BTC trades for 0.002475 BTC (138 USD) as of the time of this writing. This is up by 1.47% over the past 24 hours.
The analyst believes that Fantom, a rival to ETH (FTM), may have entered an upward trend against Bitcoin (FTM/BTC), as shown on the chart for the last four hours.
FTM has also been gaining strength. They keep talking about supersonic brand rebrand. USD pair is close to breaking through a resistance in the downtrend, and could prove to be a big winner .”
FTM/BTC currently trades for $0.36, or 0.00000648 BTC. This is an increase of 3.68% over the past 24 hours.
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The post Trader Says Layer-1 Altcoin Under the Radar Looks Bullish and Outlines Path for Solana & Fantom, may be updated as new information becomes available.
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