Cryptocurrency analyst and trader Ali Martinez highlights a memecoin that sends a bullish signal.
Martinez tells According to his 67,300 followers on the social media platform
According to Martinez, Brett could rise to $0.63, around 357% from current levels, if the memecoin overcomes the $0.15 resistance zone.
Brett is trading at $0.138 at the time of writing.
The crypto trader and analyst also offers his insight into Solana (SOL). According to According to Martinez, Solana is forming a W-shaped pattern on the 12-hour chart. In technical analysis, a W-shaped pattern typically indicates that a downtrend is about to end and that the price of an asset is on the cusp of an uptrend.
Martinez goes on to say that Solana could rise about 9% from current levels.
Solana is trading at $160 at the time of writing.
According to According to the crypto analyst, Solana’s potential bullish moves could lead to billions of dollars in liquidations on bearish bets.
“$2.98 billion in short positions will be liquidated if Solana rises to $176!”
The next step is Bitcoin (BTC). Martinez say that the flagship crypto asset would need to revise a price last recorded about a month ago for BTC to break above the $73,800 level, the all-time high.
“Bitcoin needs to stay above $62,500 to maintain its bullish position and break $66,250 to reach new all-time highs!”
Bitcoin is trading at $64,695 at the time of writing.
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Generated image: Midjourney