A leading crypto trader believes that three cryptocurrencies, including the decentralized exchange ThorChain (RUNE), are poised for significant price increases.
The crypto researcher thinks there is no resistance for the cryptocurrency until it reaches $5.80, beginning with the decentralized storage network Filecoin (FIL).
“I believe FIL will make the same step as COMP. Develop a pocket of liquidity and largely equal highs via grinding. The price should rapidly increase from $4.70 to $5.80. It is a pocket of air, and all air pockets are closing.”
At the time of writing, FIL is trading at $4.80, above the $4.70 barrier range highlighted by traders. Cantering Clark predicts that RUNE will likely follow in Filecoin’s positive footsteps.
“Everything seems identical. RUNE is constructed similarly to FIL. The distinction is that it is just 1/7 of the market capitalization. There is just one transaction. “Sellers are making room for buyers.”
At the time of writing, RUNE is trading for $1.76, which is also over the resistance level set by the trader.
LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare, is the final currency on the analyst’s radar. Clark believes the cryptocurrency is poised for a huge breakthrough.
“It seems that LOOKS is going to explode. This is now a game of shuffle.” At the time of writing, LOOKS is trading for $0.21, far over the $0.187 barrier level set by traders.