An analyst who nailed the top of Bitcoin\u2019s (BTC<\/a>) 2021 bull market thinks that altcoins are setting the stage for an explosive rally.<\/p>\n Pseudonymous analyst Pentoshi tells<\/a> his 705,600 followers on the social media platform X that some alts could soar for as long as six weeks.<\/p>\n \u201cI do think we get a mini alt season, three to six weeks in duration or so in the near term. But as always, that\u2019s my opinion and I can and will be wrong. Have seen a ton of signs and will make a thread on why to back it up.\u201d<\/em><\/p>\n The trader also updates his outlook for a number of altcoins, starting with decentralized derivatives exchange Injective (INJ<\/a>).<\/p>\n \u201cI couldn\u2019t justify buying it here. Too close to a historically strong resistance. Would either wait for a lower purple box, or a clean reclaim above. Diddle in the middle is a great way to get rekt, but for those already in good job and congrats.\u201d<\/em><\/p>\n INJ is trading for $12.12 at time of writing.<\/p>\n Next up, the trader\u00a0says<\/a> he is closely watching crypto gambling platform Rollbit\u2019s (RLB<\/a>) native token to confirm an upward trend if it sets a higher high.<\/p>\n \u201cRLB: I don\u2019t own any currently. Honestly would wait for new highs to get in so not touching it for now.\u201d<\/em><\/p>\n RLB is worth $0.18 at time of writing.<\/p>\n Looking at Polygon (MATIC<\/a>), the trader believes<\/a> the layer-2 scaling solution is heading up to the $0.70 range.<\/p>\n \u201cMATIC: This looks okay, it had a nice reclaim as well. Great shot at heading up to $0.74 area in the short term.\u201d<\/em><\/p>\n MATIC is trading for $0.63 at time of writing.<\/p>\n The trader also says<\/a> that the artificial intelligence (AI) altcoin Fetch.AI (FET<\/a>) broke through a key resistance level and appears to be in an uptrend.<\/p>\n \u201cFET: Think this looks great on all time frames, reclaim of a key spot that has acted as resistance and would love to get some bids closer to the bottom white line but started a starter bag.\u201d<\/em><\/p>\n FET is trading for $0.29 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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