In the past day, two analysts have given their comments on various altcoin projects. Here is the analysis of Cantering Clark and InvestAnswers on altcoins…
Cantering Clark highlights FXS, NEAR and AVAX
The trader known as Cantering Clark is Frax’ an algorithmic stablecoin system. He says he’s watching I (FXS). FXS could potentially hit its target at $42, according to the trader’s analysis, who said “there is no better looking chart at the moment” about his chart.
The closely followed analyst also pays attention to the smart contract platform Avalanche (AVAX). According to Cantering Clark, AVAX also has a uniquely strong market structure and could generate 2022 highs. Cantering Clark also says that its decentralized application (DApp) platform Near (NEAR) is poised for a strong rally. He points out that NEAR’s last daily candle has surpassed the previous two and states that it can rise above $17. As reported by
Kriptokoin.com, late last year, the NEAR ecosystem announced an $800 million fundraising effort to drive growth for its local projects and initiatives. With half the funding distributed, Cantering Clark says traders need to be careful, noting that users should “use it to their advantage.”
InvestAnswers thinks popular altcoin SOL will rise
In a new video, analyst of InvestAnswers channel is optimistic about Solana but that the coin is in a significant $150 level. He says he is facing resistance. The analyst shares a chart from Delphi Digital that shows a divergence between the price of the SOL and the rising relative strength index (RSI); This is generally considered bullish by technical analysts as the signal suggests the buy side momentum is increasing. If the date is any indication, the SOL could be in for a serious price increase, he says, using the following phrases:
We are about to touch the 200-day moving average. We expect some respite after such a big run. The 200-day moving average is also coincidentally at the Fibonacci 0.5 level, which is around $150. Getting above $150 may take some effort but the strength has been mind-blowing for the past 18 days.
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