A prominent analyst says a metaverse coin and two additional altcoins are preparing for a major rally.
Analyst, nicknamed Altcoin Sherpa, told his 158,000 followers that SAND, The Sandbox’s virtual world native token, is well positioned to spark a second Metaverse rally.
“SAND: This graphic looks great. Metaverse # 2 pump coming? I think this is a good position for medium term trading. ”
The source: Altcoin Sherpa / Twitter
At the time of writing, the SAND is trading at $ 6.24, which is just below the 0.236 Fib resistance the analyst noted.
Next on Altcoin Sherpa’s radar is the Fantom (FTM) smart contract platform. According to him, FTM suggests a nice purchase setup.
“FTM: I just put money in and waited. This zone is very solid to initiate a buy trade. ”
The source: Altcoin Sherpa / Twitter
FTM is trading at $ 1.89 at press time, 40% off its all-time high of $ 3.16 in November.
Also on Sherpa’s watch list is WOO, the native token of the Woo Network (WOO), a liquidity network that connects traders, exchanges, institutions and decentralized financial platforms (DeFi).
With WOO making a higher high at $ 1.70 and now a higher low at $ 0.80, this altcoin forms a healthy bullish structure.
“WOO: I think WOO forms a bullish structure here with a higher low. Now the path of least resistance is up. It remains one of my greatest positions. ”
The source: Altcoin Sherpa / Twitter
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