Crypto analyst Captain Faibik has shared a promising outlook for two tokens, FET and Ondo Finance (ONDO), predicting bullish price movements in Q4 2024. His analysis, shared via tweets, points to potential breakouts in both tokens, with key price targets on the horizon.
What you'll learn 👉
FET’s Breakout from Broadening Wedge Pattern
Captain Faibik highlighted FET recent breakout from a broadening wedge pattern on the daily chart. According to the tweet, the token has broken above the upper trend line of the pattern, which is typically a bullish indicator.
Still, the analyst predicts a substantial price jump in October; a robust rebound has not yet happened. The broadening wedge is characterized by diverging trend lines, signaling increased volatility.
Now followed by price consolidation, the breakthrough can be a forerunner of a more major move as traders wait for validation of the upward trend. Faibik also set a price target around $4 for FET, representing a potential gain from its current levels.
ONDO’s Bullish Breakout and ATH Target
In a separate analysis, Captain Faibik pointed out a bullish breakout in ONDO. He cited a falling wedge pattern as the basis for his optimism. Falling wedge patterns are generally considered bullish, and ONDO’s breakout above the wedge’s upper trend line aligns with this trend, suggesting increased buying interest.
According to the chart, ONDO is expected to rise towards a target of over $1.65, a notable increase from its current price.
The analyst further predicts a new all-time high (ATH) for ONDO in Q4 2024. This development is key and traders may closely follow as the token gains traction in the market.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Read also: PEPE Price Pumps 30%, But Which Meme Coin is Best to Invest In Now?
Captain Faibik’s Bullish Predictions for Q4 2024
Both FET and ONDO are experiencing breakouts from technically bullish patterns, according to Captain Faibik’s analysis. While FET is in the early stages of its post-breakout phase, ONDO is also showing signs of bullish momentum after its breakout.
Captain Faibik’s tweets indicate that watching the price action is crucial as the tokens could deliver gains in the upcoming quarter. With potential targets set, market participants may find these predictions useful for their trading strategies.
By monitoring the charts and price behavior, traders could capitalize on potential opportunities as Q4 unfolds.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
