Cryptocurrency investors see that the markets are recovering again after difficult years. However, we have not yet experienced a stable rise in altcoins. Despite the billions of dollars that came with ETF approval, the consolidation process that has been going on for months has negatively affected altcoins. 2 analysts shared their predictions for FET and OSMO Coin. The upcoming big event concerns all altcoins.
FET and OSMO Predictions
Popular cryptocurrency analyst Efloud in his previous post FET Coin He shared his bullish expectation by publishing key levels for . The analyst, who said that $ 1.37 could remain strong as support in the short term, thinks that the rally could continue to $ 3.07 after $ 1.81 and $ 2.42.
“Above the support zone, if it comes to the green box below or flips the red box, I would consider buying.”
The second analyst, Captain Faibik, republished the OSMO Coin chart he had previously shared. Now is the time for analysts to be proud of their successful predictions because OSMO has increased by nearly 30 percent. Since it has escaped from the falling channel, if it does not return to this area, it may continue to rise to $ 1.55. On September 13, the analyst wrote the following.
“OSMO is on the verge of breaking out of the descending channel, preparing for a potential 2-3x bull rally in the medium term. Watch this closely!”
Ultimately, for now, the analyst was right for the first stage and OSMO Coin escaped from the channel. All that remains is for the 2-3x increase target to be achieved.
Altcoins and FTX Refund
At the time of writing, BTC has once again surpassed $63,200, reversing the decline that began due to MSTR. However, $65,000 has not yet been recaptured convincingly. One of the biggest upcoming events for cryptocurrency investors FTX the huge cash back that the exchange will make.
The analyst known by the nickname Crypto Rover wrote that $16 billion in cash will be distributed to creditors within 2 weeks. We have been writing for a long time that this FTX cash means billions of dollars of stablecoins entering the markets.
If the expected scenario happens and a significant portion of the altcoins are still at low levels and a significant portion of the buyers invest them back into altcoins, serious price increases can be seen. This situation is the same for Mt Gox and Germany. BTC It’s similar to selling, but here the situation is the opposite because cash will not leave the market, cash will enter the market.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
