Crypto Analyst Predicts Growth for Fantom and Near Protocol

Sei (SEI): Bullish Momentum Building

Altcoin Sherpa highlighted Sei’s strong performance after breaking out of a rounding bottom pattern on the weekly chart, a formation often seen as a bullish reversal indicator. According to the analyst, this setup suggests Sei is poised for a new uptrend.

“Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on, but all in all, it looks really good for higher. Grabbing a bag a bit lower if it comes. Something like $0.60 would be a decent entry in my opinion.”

Fantom (FTM): A Long-Term Investment Opportunity

The smart contract platform Fantom (FTM) is another token catching Altcoin Sherpa’s attention. He believes the project’s fundamentals, coupled with its breakout from a multi-month accumulation period, make it a strong choice for long-term investors.

Key factors supporting FTM’s potential include:

• Strong development led by Andre Cronje.
• Reduced selling pressure from venture capitalists.
• Upcoming Sonic rebrand aligning with current narratives.
• A nearly two-year accumulation period followed by bullish moves.

Despite his optimism, the analyst cautions against entering at the current price level of $1.00, suggesting dips could provide better entry opportunities. He also notes that the next major resistance level for FTM is at $1.10.

Near Protocol (NEAR): Gradual Price Growth

Near Protocol (NEAR), a layer-1 blockchain, is another token under Sherpa’s watch. He predicts NEAR could climb toward its resistance levels at $8.29 after surpassing $6.50. At the time of writing, NEAR is trading at $6.97.

“NEAR has pretty slow grinding price action and isn’t really a great active trade right now. That said, I do think that this hits a lot of narratives for this cycle in terms of AI and L1. Would like to see more growth on there / more degen stuff but I do have a bag of this.”

Conclusion

Altcoin Sherpa’s analysis highlights the potential growth of Sei, Fantom, and Near Protocol in the cryptocurrency market. With bullish technical setups and promising fundamentals, these projects could be worth watching for investors seeking long-term opportunities.