A popular crypto trader, Ali Martinez, is making some bold predictions about the future price movements of several major cryptocurrencies. He shared his analysis on X (formerly Twitter), reaching over 130,000 followers.
Solana’s Potential 30x Surge
Martinez sees a significant upside for Solana (SOL). He’s identified a “cup and handle” pattern on the weekly chart, a technical indicator often associated with bullish price action. If this pattern plays out as he anticipates, SOL could skyrocket to $3,800 – a massive 2,915% increase from its current price of around $126.
Dogecoin’s Parabolic Potential
Next up is Dogecoin (DOGE). Martinez notes that DOGE is currently trading within an ascending channel on the weekly chart. He believes that if the $0.16 support level holds, DOGE could experience a parabolic rise. His analysis suggests a potential price increase to over $20, representing an approximately 115x gain from its current price of around $0.174.
Bitcoin’s Ascending Triangle
Finally, Martinez also weighed in on Bitcoin (BTC). He observes that BTC is consolidating within an ascending triangle pattern on the one-hour chart. This pattern, typically bullish, suggests a potential 9% price increase if Bitcoin breaks through the upper boundary of the triangle. BTC is currently trading around $84,979.
Disclaimer: It’s crucial to remember that these are predictions based on technical analysis, and the cryptocurrency market is inherently volatile and risky. Any investment decisions should be made after thorough research and consideration of your own risk tolerance. This information is not financial advice.
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