What lies ahead for Solana Render Fetchai and other promising altcoins
The future of certain cryptocurrencies such as Solana and Ethereum leading the upcoming surge while Bitcoin sets the trend is still uncertain. Although altcoins may start slow, they usually catch up within days, prompting analysts to release lists of potential coins to watch closely.
Altcoin Sherpa recently shared technical insights on various altcoins, starting with IO, a promising new project on Binance expected to launch successfully. He hinted at increasing his position soon and also observed a potential upward trend in Bitcoin.
He then discussed Render (RNDR), expressing optimism about its potential as an AI coin, despite uncertainties about its performance in the third and fourth quarters. Although he exited his position, he noted the price resting above the weekly level, speculating on a possible market bottom.
Altcoin Sherpa also analyzed Solana (SOL), anticipating a continued sideways movement between $185 and $120, considering the consolidation phase as a healthy response to a significant surge. He predicted further consolidation before potential future growth.
Fetch.ai (FET) was another coin he mentioned, advising patience and highlighting indicators like the 200-day EMA and .618 fib as potential support levels for a good buy opportunity.
On Non-Playable Coin (NPC), he praised its meme potential and credited it with supporting his portfolio during market fluctuations, expecting further gains. He believed Toncoin (TON) was close to reaching its all-time high, while ONDO remained strong despite trading above expected levels.
Tags
Altcoins
Crypto news
Cryptocurrency
Price Analysis