SOL, FTT and two other altcoins are breaking out of the downtrend, according to KOL Scott Melker

Strategist Scott Melker says Solana, FTX tokens and two other altcoins are breaking out of their downtrend.

In one Video new, says Melker, that the Solana smart contract platform is poised to hit its all-time high after the outbreak.

“Solana broke the blue line [giảm dần] there, test again as support, upwards, the goal is all-time high. “

Source: Scott Melker

Another coin that, according to the trader who ended the correction, is FTT, the utility token of the FTX futures exchange. According to him, the FTT looks bullish after a sharp rebound from a seven-day low of $ 48.

“FTX Token has a descending blue line that acts as a clear resistance. One, two, three, four, five meets this resistance. At this point the resistance was broken, which was confirmed by a daily close above this line (USD 55). “

Source: Scott Melker

According to Melkers chart, the initial target for FTT is $ 63. If the bulls break this level, the next target is the all-time high of $ 85, which means a potential upward movement of more than 51% from where it is now near $ 56.

Next comes the Ethereum scaling solution Polygon (MATIC), which Melker says is following in the footsteps of FTT and SOL.

“MATIC, break this blue line now. Same idea. “

Source: Scott Melker

Melkers chart shows that MATIC is preparing to rally to the next resistance at $ 1.70, an increase of almost 30% from the current price of $ 1.29.

The last coin on the analyst’s radar is the Fantom (FTM) smart contract platform. According to Melker, FTM has broken out of the crossover resistance and is now preparing for a rally.

“FTM, here is an entry ($ 1.25). Then test breakout resistance again as support and then move forward. “

Source: Scott Melker

According to the graph, FTM is poised to aim for $ 1.94. The token is currently trading at $ 1.44, and if Melker’s target is met, the altcoin will rise about 30%.

Here you can see the coin prices.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Annie

According to Dailyhodl

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