According to TOP analysts, AVAX and these two altcoins are preparing for rallies

A prominent analyst predicts that the smart contract platform Avalanche and two other Altcoins will soon gain momentum and recover.

The analyst, nicknamed Altcoin Sherpa, told his 157,900 Twitter followers that Avalanche (AVAX) could continue to climb towards $ 130.

“The volume is increasing again. However, the 4 hour market structure is still bearish. This is my favorite coin. The goal is still $ 130. “

The source: Altcoin Sherpa / Twitter

At the time of this writing, AVAX is trading at $ 104.89, more than 40% higher than its 7-day low of $ 75.63.

Another coin on the list of analysts is the interoperable blockchain Polkadot (DOT). According to the crypto strategist, Polkadot will climb to $ 35 before the downtrend continues.

“DOT is still holding above $ 24. I think it will bounce back from here and hit a lower high at $ 35.”

The source: Altcoin Sherpa / Twitter

A rally to the Altcoin Sherpa target means more than 42% upside potential over the current price of DOT of $ 24.62.

Next up is Fantom (FTM), a highly scalable blockchain platform for DeFi, dApps and enterprise applications. Altcoin Sherpa says FTM could bottom out in the $ 1.40 area before rising back to $ 2.8.

“This zone provides a good entry point for swing traders, where the 0.618 Fib and 200 EMA converge. The price could bottom local and rebound in this area.”

The source: Altcoin Sherpa / Twitter

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