A popular crypto strategist and trader believes that one of the low-cap tier 1 altcoin projects could be gearing up for a massive rally.
An analyst who goes by the pseudonym The Crypto Dog tells his 810,000 followers on social media site X that Saga (SAGA) may be breaking out of a downward trend line on the three-day chart.
“The Long SAGA. Looks like it’s ready to start its first bull run.”
The goal of the Saga blockchain project is to enable developers to launch interoperable, application-specific chains called “Chainlets”.
At the time of writing, Saga shares are trading at $1.45, down 10% over the past 24 hours.
The analyst further suggests that Ethereum (ETH) competitor Solana (SOL) may complete a correction against Bitcoin (SOL/BTC).
“Okay, SOL/BTC is showing strength right now. I think we just bought the bottom.”
At the time of writing, the SOL/BTC pair is trading at 0.002475 BTC ($138), up 1.47% over the past 24 hours.
Finally, the analyst suggests that ETH competitor Fantom (FTM) may enter an uptrend against Bitcoin (FTM/BTC) on the four-hour chart.
“FTM is another strong one right now. The dummy keeps saying something about a supersonic rebrand. USD looks close to breaking downtrend resistance, could be a winner.”
At the time of writing, the FTM/BTC pair is trading at 0.00000648 BTC (0.36 USD), up 3.68% over the past 24 hours.
Generated image: DALLE3
