A carefully adopted crypto analyst says that one metaverse token and two further altcoins are setting themselves as much as skyrocket.
The pseudonymous analyst often known as Altcoin Sherpa tells his 158,000 followers that SAND, the native token of digital world The Sandbox, has excellent technicals that would set off a second wave of metaverse rallies.
“SAND: This chart looks excellent IMO. Metaverse pump #2 coming soon? I think this is a good passive swing trade.”
At time of writing, SAND is buying and selling at $5.14, down 38% from its all-time excessive of $8.40.
Next up on Altcoin Sherpa’s radar is the open-source sensible contract platform Fantom (FTM). According to the analyst, FTM is presenting a main setup for lengthy entries.
“FTM: I need to just throw money in this trade, I’ve been eyeing it for a few days now. This area is very solid for an entry IMO.”
FTM is exchanging fingers at $1.83 as of writing, a 42% lower from its all-time excessive of $3.16 set in November.
Also on Sherpa’s watchlist is WOO, the native token of Woo Network (WOO). Woo Network is a “deep liquidity” platform that connects merchants, exchanges, establishments, and decentralized finance (DeFi) platforms with democratized entry to low-cost liquidity and buying and selling execution.
With WOO hitting a better excessive at round $1.70 and now a possible larger low at round $0.80, the altcoin is exhibiting indicators of a typical bullish market construction.
“WOO: I still think this is a bullish market structure, I think that the lows just got set. Higher lows, now let’s go up. I am still holding my bag.”
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Featured Image: Shutterstock/KDdesignphoto/Natalia Siiatovskaia
