Analyst bullish on Fantom; Aptos and Meme Moguls also shine
The post Analyst bullish on Fantom; Aptos and Meme Moguls also shine appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analyst Ali Martinez is bullish on Fantom (FTM). Meanwhile, Aptos (APT) and Meme Moguls (MGLS) are among some of the top altcoins being monitored. APT rose 28% in one week, while MGLS, which is in stage 3 of its presale, is gaining traction ahead of 2024. Fantom price prediction Crypto analyst Ali Martinez is bullish, noticing a W-pattern on the weekly chart. If FTM maintains a weekly close above $0.57, it would confirm this bullish formation, possibly moving prices to $1.60. Supporting this view, FTM has rallied from $0.40 on Dec. 19 to around $0.53 as of Dec. 26. Sentiment also looks positive – 29 technical indicators are flashing green on FTM currently. Given the bullish chart pattern and ongoing momentum, CoinCodex analysts estimate Fantom could reach $0.68 before December ends. Key levels to watch are $0.57; a close above this mark will validate the W-pattern, opening prices to $0.68. If momentum continues into year-end, Fantom looks positioned for solid growth. Aptos being monitored Aptos rose from $7.90 to $10.12 in over a week. This surge is after Aptos developer George Mitenkov said they had found a solution that could reshape smart contract execution. Parallel execution of transactions is cool, but what if the workloads are sequential? At @AptosLabs, we came up with a solution that allows parallel execution of smart contracts even in presence of read-write conflicts. Make sure to check out this post! https://t.co/S1VV58TzDM — George Mitenkov (@GeorgeMitenkov) December 20, 2023 Technical analysis also supports the bullish sentiment. Aptos’ Fear & Greed index is at 71, indicating “extreme greed.” The token is also above its 21-day and 50-day EMAs, indicating strong upward momentum. Experts say APT can…
Filed under: News - @ December 30, 2023 11:10 pm