As the Bitcoin halving event approaches, the cryptocurrency market is showing signs of renewed strength. The leading crypto Bitcoin managed to cross the $70,000 threshold after hovering below it for a while. Altcoins are also taking a step north with BTC’s recovery. In this atmosphere, an analyst with a large following announced his expectations for the 4 altcoins on his radar. The analyst says that the price of ENA and FTM Coin will perform strongly.

Altcoin Sherpa: FTM Coin will perform well!

Cryptocoin.comthe market is struggling to gain upward momentum after the pullback. In this environment, the analyst nicknamed Altcoin Sherpa says that Fantom (FTM Coin) will rise more than 15% from its current value. However, according to his chart, the analyst suggests that Fantom will fall to the Fibonacci retracement level around $0.80 before rising to $1.15. Altcoin Sherpa shares the following predictions for FTM Coin:

FTM: I think this is still a very solid coin and will perform well in 2024 given its treasuries. However, I would like to see consolidation for a longer-term bottom to form. I expect that level to be $0.83 or $0.70. It’s still bullish and I have a bag.

Source: Altcoin Sherpa

Meanwhile, FTM Coin was trading at $0.9373 at the time of writing, down nearly 6% in the last 24 hours. However, FTM Coin is up nearly 10% on its weekly chart.

Analyst expects CORE and ENA to rise after pullback

After Fontom, the analyst is looking at Ethena (ENA). ENA is the governance token of Ethena Labs’ DeFi protocol. The analyst predicts that the ENA price will explode after a period of consolidation around the $1.24 level. In this context, the analyst said, “ENA initial reaction. I think we will go to consolidation and then we will go up.”

Source: Altcoin Sherpa

The analyst expects a pullback before an upside move for Core (CORE). Core is a layer-1 blockchain that takes advantage of Bitcoin’s (BTC) PoW network. For his forecast, the analyst said, “CORE: This is calming down after a crazy run. I think this current area around $ 2.50 is reasonable to buy down to $ 2. I expect BTC ecosystem projects to perform quite well over the next 12-18 months.”

Source: Altcoin Sherpa

“OM is a good buy below this level!”

Finally, the analyst says he remains bullish on Mantra (OM). Mantra is a crypto project focused on real-world asset (RWA) tokenization. The analyst shares the following views for OM:

OM: I always thought $0.50 would be a great buy, but it hasn’t come yet. There’s a bit of a scary area here, but as an RWA play I’m still bullish. I have a bag.

Source: Altcoin Sherpa

The opinions and forecasts in the article are those of the analyst and are not investment advice. We strongly recommend that you do your own research before investing.