A Crypto Analyst Bullish on Manta Network, Updates Outlook on Solana and Fetch.ai
A popular crypto analyst and trader, known as Altcoin Sherpa, is expressing optimism about the low-cap altcoin project Manta Network. According to Altcoin Sherpa, MANTA may soon reach a new all-time high after successfully converting a key resistance level into support.
At the time of writing, MANTA is trading at $2.97, experiencing an 8% decline in the last 24 hours.
Predictions for Solana and Fetch.ai
Altcoin Sherpa also shares insights on Solana, stating that it may retest lower Fibonacci retracement levels before experiencing another rally. The trader suggests considering dollar cost averaging at the .382 and .50 levels for long-term holds.
Solana is currently trading at $86.70, with a decrease of over 2% in the last 24 hours.
Regarding Fetch.ai (FET), Altcoin Sherpa warns of a potential 20% decline based on trading volume trends. While acknowledging a short-term bottom, the trader ultimately believes FET will trade lower, around $0.45-$0.55.
FET is currently trading at $0.57, experiencing a more than 3% decrease in the last 24 hours.
Hot Take: A Bullish Outlook for Manta Network and Cautious Approach for Solana and Fetch.ai
Altcoin Sherpa’s analysis suggests that Manta Network may be poised to reach new heights in the near future. However, caution is advised when it comes to Solana and Fetch.ai as they may face further price corrections before potential recoveries. It’s important to stay updated on these projects and carefully consider your investment strategies.
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