Analyst and trader Ali Martinez leans Bullish on a crypto project with a large caps focused on payments and cross-border transactions.
Martinez tells Are 129,700 followers on the social media platform X that Stellar (XLM) forms a bullish pattern on the three -day graph.
According to Martinez, the rival XRP (XRP) could rise by almost 4x from a large resistance level.
“Since November 2024, Stellar seems to form a bullish flag. The 600% rally that was seen in November created the flag molten of the pattern and the consolidation phase that we have seen since then forms the flag of the pattern. Now a continuing break above the $ 0.42 resistance can activate a bull run to $ 1.60 – which represents a price increase of 300%. “
Stellar acts at $ 0.304 at the time of writing.
Regarding Bitcoin (BTC), the Crypto analyst and trader out The largest crypto assets from Market Cap flashes a bullish reversal signal.
“Bitcoin has returned historically when the trader’s loss margin reaches -12%. At the moment it is at -15.4%, which indicates a potential reversal! “
The loss margin is the loss percentage compared to the initial capital, investment or commercial size.
Martinez out That around $ 2.29 billion in BTC was withdrawn from crypto fairs in just 14 days.
“In the past two weeks, more than 25,000 bitcoin from fairs have been withdrawn!”
The crypto analyst too out Those whales recently indicated a bullish sentiment on Bitcoin.
“Whales have bought more than 20,000 bitcoin since it fell under $ 88,000 on 24 February, which indicates a strong buy-side interest rate at these levels!”
Bitcoin acts at $ 91,737 at the time of writing.
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Generated image: midjourney