Altcoin Sherpa Praises Ethereum-Based Token: Setup for 100% Upside Done!

Analyst Altcoin Sherpa believes that the native token of NFT marketplace Blur will break the peak price of $1.40 again, although it is far from the level it reached in February 2023.

Sherpa believes that BLUR can also benefit from this, citing the bullish sentiment in the NFT sector.

BLUR was trading at $0.667 at the time of writing.

Continuing its analysis with Chainlink (LINK), Altcoin Sherpa thinks its price is “still very bullish” as a “solid long-term project” despite the fact that it will not offer “mind-blowing returns” due to its relatively high market cap.

According to altcoin Sherpa’s chart on the 12-hour timeframe, LINK is likely to trade in a range of roughly $13.50 to $17 in January and February.

Chainlink was trading at $15.80 at the time of writing.

Last on the analyst’s list is the decentralized AI platform for applications Fetch.ai (FET). According to the analyst, the FET remains “quite strong” this year, although it is currently in the process of consolidation.

According to Altcoin Sherpa’s charts, the current support level for the price on the weekly chart is around $0.608, while the nearest resistance level is located at $0.779. This is complemented by the analyst’s comment that it is in line with the medium-term outlook and trade rather than the short-term outlook.

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