Top Crypto Trader Says Ethereum Rival Could Burst 100%, Updates Outlook on Bitcoin and Altcoins

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A popular crypto trader has said Ethereum (ETH) rival Fantom (FTM) may double in price while updating its outlook on Bitcoin (BTC) and two altcoins.

Pseudonymous Altcoin trader Sherpa tells his 189,900 Twitter followers that Fantom is finding bullish support at a key price level around $0.44 and may soon climb 100%.

FTM: To be honest, this graph looks awesome; if we see a one-week close above this level, it has a chance to double. Whether that will happen remains to be seen, but the one-day already looks solid.

Source: Altcoin Sherpa/Twitter

At the time of writing, FTM is changing hands at $0.49.

Next, the trader says that Bitcoin will likely reach $25,000 in February, while it could pull back slightly before testing $30,000 in March or crash further towards $21,000.

BTC: I think it goes two ways; either we reach $25,000 and start dumping, or we move to $25,000, pull back and then rise to test $30,000. Anyway, I’m looking for $25,000 as the ultimate goal for this current race; alts should be fine until then.

Source: Altcoin Sherpa/Twitter

At the time of writing, Bitcoin is valued at $22,996.

Sherpa is also reviewing two altcoins that have skyrocketed in price, Optimism (OPT) and Aptos (APT).

He says scaling solution Ethereum Optimism has likely peaked in its rally and will soon begin to decline.

It sets a resistance level at $2.19 and a support level at $1.876. OPT hit an all-time high of $2.57 on Saturday, a gain of more than 179% since the 2023 open.

Source: Altcoin Sherpa/Twitter

At the time of writing, Optimism is changing hands at $2.17.

Sherpa says smart contract protocol Aptos is heading lower after a massive rally, but could climb a little higher before it does.

Guys, APT will end up being a great short, but don’t be so quick to make it. Trying to short something like this on the first try is like jumping in front of a speeding train. I think waiting for the bottom is a much better (and safer) game.

After opening the year at $3.45, Aptos climbed to $20.27 on Wednesday, an increase of more than 487%.

At the time of writing, Aptos is changing hands at $18.31.

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Feature image: Shutterstock/Alberto Andrei Rosu/Plasteed

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