As 2024 looms, the crypto sphere teeters on the edge of anticipation, with investors eagerly watching the market’s every move. Analysts, particularly Trader Ali Martinez, in his X post, are scrutinizing key altcoins, pinpointing potential breakout candidates among them. Fantom (FTM), Worldcoin (WLD), and The Sandbox (SAND) have emerged under the spotlight, showing signs of significant upward potential in the imminent crypto landscape.
Fantom’s Journey to $1.6: The Bullish ‘W’ Pattern
Trader Ali Martinez, renowned for insightful crypto analysis, unveils Fantom’s (FTM) promising trajectory. As per Martinez’s keen observation, FTM is crafting a bullish ‘W’ pattern on its weekly chart. The altcoin stands on the verge of a breakthrough, with a successful weekly close above $0.57 heralding a potential surge toward the impressive milestone of $1.60. Currently valued at $0.532, FTM’s possible ascent demonstrates a compelling bullish trend.
Worldcoin is Breaking the Bullish Continuation
Worldcoin (WLD) is another contender for a bullish breakout in Martinez’s analysis. The iris biometric cryptocurrency project shows indications of shattering a bullish continuation pattern, prompting optimism in the crypto community. The analyst’s assessment suggests that WLD, currently trading at $3.67, could forge an 80% rally, aiming for the $6.30 mark. Despite a recent 8% dip, the altcoin’s resilience above the analyst’s diagonal resistance points to a potential surge, reflecting its upward momentum.
The Sandbox (Sand) could soon go up to $1.35 If?
Martinez is also looking closely at The Sandbox (SAND), a blockchain-based gaming ecosystem that looks like it could be hugely successful. The current price of SAND, $0.61, points to a possible buying opportunity, especially since it is above $0.55. The analyst’s advice points to a good future, with SAND possibly rising toward key barrier zones. Martinez points out an important range between $0.90 and $1.35 and provides evidence that large wallet addresses have 447 million SAND, suggesting that the price may go up.
Altcoin Market Cap Might Breakthrough
After a prolonged struggle of around $700 billion, the altcoin market cap has surged and now hovers around $745 billion. Following the cyclic pattern linked to Bitcoin halvings, experts anticipate a substantial upswing in the altcoin market cap, possibly surpassing $2 trillion within the next two years. The fact that Fantom, Worldcoin, and The Sandbox are all about to make moves shows how dynamic and possibly profitable the crypto world is at present.
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