Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom
A widely followed crypto strategist and trader believes that one low-cap layer-1 altcoin project may be gearing up for a massive rally.
Pseudonymous analyst The Crypto Dog tells his 810,000 followers on the social media platform X that Saga (SAGA) may be breaking out of a descending trendline on the three-day chart.
“Longed SAGA. Looks ready to start it’s first bull trend.”
The blockchain project Saga aims to enable developers to launch interoperable, application-specific chains called “Chainlets.”
Saga is trading for $1.45 at time of writing, down 10% in the last 24 hours.
Next up, the analyst suggests Ethereum (ETH) competitor Solana (SOL) may be done correcting against Bitcoin (SOL/BTC).
“Alright, SOL/BTC showing strength now. Think we may have just bought the bottom.”
SOL/BTC is trading for 0.002475 BTC ($138) at time of writing, up 1.47% in the last 24 hours.
Lastly, the analyst suggests ETH rival Fantom (FTM) may be entering an uptrend against Bitcoin (FTM/BTC) on the four-hour chart.
“FTM is another with strength right now. The shills keep saying something about supersonic rebrand. USD pair looks close to breaking a downtrend resistance, could be a winner.”
FTM/BTC is trading for 0.00000648 BTC ($0.36) at time of writing, up 3.68% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom appeared first on The Daily Hodl.
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Author: Daily Hodl Staff
