A popular crypto trader says Ethereum (ETH) rival Phantom (FTM) has doubled in price, potentially updating the outlook for Bitcoin (BTC) and two altcoins. .
Pseudonym Trader Altcoin Sherpa To tell His 189,900 Twitter followers say Fantom has found bullish support at a key price level of around $0.44 and could surge 100% soon.
FTM: Honestly, this chart looks great. Exceeding this level for a week could double. Whether or not that happens is yet to be determined, but the day already looks strong. “
As of this writing, FTM is trading at $0.49.
Then trader To tell Bitcoin will likely reach $25,000 in February, and may retreat slightly before testing $30,000 in March, or drop further towards $21,000.
“BTC: I think this is going to be one of two ways. Either hit $25,000 and start dumping, or hit $25,000 and pull back, then test $30,000. We’re looking for $25,000 as an end goal to run, and until then alt should be fine.”
At the time of writing, Bitcoin is worth $22,996.
Sherpas are also eyeing two altcoins that have surged in price: Optimism (OPT) and Aptos (APT).
he To tell Ethereum’s Scaling Solution Optimism has likely reached the top of the upswing and will soon turn down.
He has set the resistance level at $2.19 and the support level at $1.876. OPT hit an all-time high of his $2.57 on Saturday. That’s an increase of more than 179% since his 2023 start.
At the time of writing, Optimism is trading at $2.17.
Sherpa To tell Smart contract protocol Aptos has fallen after a big rally, but it could rise some more before that.
“Guys, APT will end up being a great short film, but don’t be in such a hurry. Trying to short something like this first is like jumping in front of a speeding train.” I think waiting for lower highs is a much better (and safer) play.”
After starting the year at $3.45, Aptos surged to $20.27 on Wednesday, up more than 487%.
At the time of writing, Aptos is trading at $18.31.
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Featured Image: Shutterstock/Alberto Andrei Rosu/Plasteed
