Analyst Provides Updated Outlook on Chainlink, Avalancheย (AVAX), Fantom, and a Surging Altcoin
A cryptocurrency trader known as Altcoin Sherpa is sharing his latest insights on plentyย of digital assets, including Chainlink (LINK), Avalancheย (AVAX) (AVAX), Fantom (FTM), and Rollbitโs native token RLB.
Inย termsย ofย Chainlink, Altcoin Sherpa believes that the coin is still one of the best in terms of overall cryptocurrency infrastructure but advises holding it for the long term rather than actively trading it. He suggests buying LINK and letting it sit for at least 6 months before selling it at a higher price.
Altcoin Sherpa likewise analyzes Avalancheย (AVAX) and FTM using technical charts. He notesย that that Avalancheย (AVAX) is retesting a probable bottom and that FTM could bounce back after touching a key support level.
Inย theย end, Altcoin Sherpa comments on RLB, which has experienced a wholeย lotย of increase in value. Nonetheless, he remains cautious about the tokenโs chart pattern and advises against buying it for now.
Hot Take:
Altcoin Sherpa provides valuable insights on Chainlink, Avalancheย (AVAX), Fantom, and Rollbitโs native token RLB. Althoughย while he recommends holding Chainlink for the long term, he offers technical analysis for Avalancheย (AVAX) and FTM. As for RLB, he advises caution due to its questionable chart pattern.
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