FTM, SOL, ONE are coming back and better than ever?

Flying altcoins with Libra concept coin in the center as probably new the most popular cryptocurrency. Golden starburst background - 3D rendering

Altcoin strategist Sherpa predicts a strong breakout in Ethereum competitor Fantom (FTM).

Sherpa says Fantom (a highly scalable enterprise blockchain) is getting closer to clearing a major resistance area above $3 while recovering to all-time highs.

“This coin will break soon. I don’t know when or how but in my opinion this is a bullish flag. Fundamentals are strong right now… I think $3.50 is next.”

FTM/USDT | The source: Altcoin Sherpa

Crypto analytics firm Santiment has similar expectations, claiming that FTM is still showing bullish on-chain signals even as it approaches new all-time highs.

Santiment said it closely monitors FTM’s funding rate on the Binance exchange. This signals a highly scalable enterprise blockchain ready to take off.

“FTM is approaching an all-time high of $3.47, set in late October. One signal to watch closely is the funding price on exchanges like Binance. A negative ratio indicates a lot of short selling and the price is tending to move in to shoot up.”

Funding rate of FTM on Binance | The source: mood

Next is Solana (SOL), a blockchain that focuses on scalability while maintaining security and decentralization. According to altcoin Sherpa, SOL seems poised to start a rally after holding a key support level.

“SOL: This current area looks like support, which makes sense as it is a 200-day exponential moving average and the last true area of consolidation in September. Expect at least a lower high than 170 Dollar”.

SOL/USDT | The source: Altcoin Sherpa

Another coin on altcoin Sherpa’s list is Harmony (ONE), the centralized blockchain powering the decentralized economy. According to the analyst, ONE broke resistance and rallied to a new all-time high.

“ONE: The levels seem pretty clear to me personally. It just broke through a resistance level and hit an all-time high. I personally would wait until it falls a little more before buying it, but it looks very, very strong.”

ONE/USDT | The source: Altcoin Sherpa

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.