Altcoins Set to Surge According to Crypto Analyst
A popular crypto analyst has identified three prominent altcoins that are showing strong potential for significant price increases in the near future. In a recent analysis, Rekt Capital, a pseudonymous trader with a large following on X, highlighted Ethereum (ETH), Avalanche (AVAX), and Artificial Superintelligence Alliance (FET) as coins to watch.
Ethereum (ETH)
Rekt Capital believes that Ethereum, the second-largest cryptocurrency by market cap, is poised for a rally if it can maintain a key support level at $3,650. The trader notes that a successful retest of this level could propel Ethereum towards the $4,000 mark.
At the time of writing, Ethereum is trading at $3,790, marking a 6% increase in the last 24 hours.
Avalanche (AVAX)
Rekt Capital also highlighted Avalanche as a promising altcoin, noting that it recently experienced a rally without the need for a retest. If AVAX can reclaim its previous all-time high set in March, the analyst believes it could continue to soar.
AVAX is currently trading at $53.00, reflecting a 6.5% gain on the day.
Artificial Superintelligence Alliance (FET)
Lastly, Rekt Capital mentioned Artificial Superintelligence Alliance (FET) as a coin on the verge of retesting a critical support zone before potentially moving higher. The token is showing signs of a successful retest, hinting at a possible upward trajectory.
Currently, FET is trading at $1.89, representing a 2.6% gain in the last 24 hours.
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