A closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts.
Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he's bullish on the native asset of the peer-to-peer file storage network Filecoin (FIL).
According to the analyst, FIL looks poised to rally to its range high after respecting its long-term support. Martinez also thinks that FIL could witness exponential rallies if it manages to overcome a crucial resistance level.
"Missed out on the $2.94 entry, but I'm still bullish on Filecoin FIL at this level.
The lower boundary has held strong for almost two years, setting us up for a potential rebound to $9.50 - a 145% gain. If we see a breakout above the upper boundary ($9.50), FIL could reach $30, delivering around 700% upside from here."
At time of writing, FIL is worth $4.32, up over 7% in the past day.
The trader is also keeping an eye on NOT, the community token for the popular Telegram-based tap-to-earn mining game Notcoin. Martinez says he's bullish on NOT after the altcoin shattered the diagonal resistance of a falling wedge structure - a bullish reversal pattern.