- Cantering Clark makes bullish calls to MANA, APE and FXS.
- His analysis comes as the entire crypto market surged last week.
Kantering Clarke, a widely followed pseudonymous crypto market analyst, has shared his take on altcoins poised for a massive rally.
In a series of tweets to over 156,000 followers, the analyst highlighted these three altcoins. Decentraland (MANA), Apecoin (APE), and Frax (FXS). Analysis shows that MANA leads the current pump sweeping GameFi and Metaverse tokens.
Cantering Clark opined that MANA could rise even more violently. This is due to the short squeeze that is happening in the token market. The short squeeze almost doubled the normal open interest (OI), giving the appearance of more fuel.
Gamifi and metaverse pumping.
If you guess $ mana Considering the OI is almost double normal before a bunch of Barry-related shorts and hedges are tagged, upwards could be even more intense.
This squeeze has more fuel. pic.twitter.com/OWnPPCTAXV
— Clark (@CanteringClark) January 8, 2023
At the time of writing, MANA has fallen 1.94% over the past 24 hours and is trading around $0.39. However, this price is up 22.1% from his price seven days ago.
Similarly, analysts I got it If GameFi and the Metaverse Token continue to gain momentum, APE will get ‘wind in sails’. He noted at the time that the Bored Apes Yacht Club (BAYC) Community Native Token was already gaining bullish momentum in the weekly time frame.
“Weekly close is currently set at 4:30 with 30 minutes remaining. APE will get wind in its sails if Metaverse and Gamephi continue to gain momentum,” he wrote of APE. increase.
APE is currently trading around $4.88 and is up 0.40% on the daily chart. It is also up 17.9% on the weekly chart. APE’s price performance is realized when the sales volume of his NFT collection associated with Yuga Labs exceeds the NFT market sales index.
Non-GameFi and Metaverse tokens are also ripped
Kantering Clark, on the other hand, does not observe bullish momentum only in the GameFi and Metaverse crypto market sectors.Analyst I got it The bullishness in the FXS market shows that the token is expected to garner bids again.
Investigators also noted that the FXS 3-day chart has a “granite bottom.” He is therefore betting that it will collapse and be positioned accordingly. At the time of writing, the governance token of the Frax Shares stablecoin protocol is trading at his $5.42. The price is up 6.97% for him over the past 7 days, while on the daily chart he is 1.57%.
No spam, no bullshit. Insight only. You can withdraw at any time.
With the exception of three tokens, the rest of the crypto market is also showing surprising price discoveries. This is the same as cryptocurrency benchmark Bitcoin (BTC) surpassing $17,000.
Similarly, the entire DeFi ecosystem entered a bull market last week, with analysts predicting the start of the altcoin season. According to Santiment, the fact that broader market sentiment is extremely bearish is his one strong indicator of this.