A widely followed crypto analyst shares insights on the growth prospects of several altcoins, including Sei (SEI), Fantom (FTM), and Near Protocol (NEAR).
Technical Analysis of Sei (SEI)
The pseudonymous analyst Altcoin Sherpa opines that Sei (SEI) looks bullish after carving out a rounding bottom pattern on the weekly chart. This structure typically indicates a potential onset of a new uptrend. He also suggests that Sei seems promising for buying on dips, particularly if the price falls to around $0.60.
Long-term Prospects for Fantom (FTM)
Fantom (FTM) is identified by the analyst as a solid option for long-term investors due to its strong fundamentals. He notes that after breaking from a multi-month accumulation phase, FTM is poised for growth. Key factors include high supply and a forthcoming rebranding that might energize the project. Although the current price level may not be ideal for immediate purchases, investments during dips could be beneficial.
Future Predictions for Near Protocol (NEAR)
The analyst suggests potential growth for Near Protocol (NEAR), anticipating it may target a resistance level at $8.29. Despite NEAR's sluggish price action, it is aligned with current cycles of blockchain applications, including artificial intelligence. NEAR is trading at $6.97 at the time of writing.
Crypto analysts highlight growth prospects in projects like Sei, Fantom, and Near Protocol. It's crucial to consider both technical and fundamental factors when analyzing these assets.
