A closely followed crypto strategist believes two altcoins unseen by most traders are preparing for huge surges higher.
Analyst Ali Martinez tells his 78,600 followers on social media platform X that he is bullish on peer-to-peer file storage network native asset Filecoin (FIL).
According to the analyst, FIL appears poised to move back towards its range high after respecting its long-term support. Martinez also believes FIL could see exponential rallies if it can overcome a crucial resistance level.
“Missed the $2.94 entry, but I’m still bullish on Filecoin FIL at this level.
The lower boundary has remained strong for almost two years, setting us up for a potential rebound to $9.50, a 145% gain. If we see a breakout above the upper boundary ($9.50), FIL could reach $30, offering an upside of around 700% from here.
At the time of writing, FIL is worth $4.32, up more than 7% over the past day.
The trader is also keeping an eye on NOT, the community token of the popular Telegram-based Tap-to-Earn mining game, Notcoin. Martinez says he is bullish on NOT after the altcoin broke the diagonal resistance of a falling wedge structure – a bullish reversal pattern.
“Notcoin has NOT broken out of the descending wedge and its price is expected to increase by 76% to $0.012!
At the time of writing, NOT is worth $0.0076.
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