Crypto trader Ali Martinez is warning about Solana (SOL), currently trading significantly below its all-time high. He’s seeing bearish signs.
Solana’s Bearish Signal
Martinez, who boasts a large following on X (formerly Twitter), points to the Tom DeMark (TD) Sequential indicator. This indicator previously accurately predicted a Solana price surge. Now, it’s signaling a potential downturn. He advises caution.
Dogecoin’s Price Prediction
Martinez also shared his thoughts on Dogecoin (DOGE). He’s focusing on two key price levels: support around $0.177 and resistance around $0.207. These levels are based on the Unspent Transaction Output (UTXO) Unrealized Price Distribution (URPD) metric, which analyzes coin distribution based on past transaction prices. About 8% of DOGE supply moved at $0.177, and 7% at $0.208, suggesting these could be important support and resistance points.
A Bullish Possibility for Dogecoin?
Looking at the daily chart, Martinez sees a potential bullish scenario for Dogecoin. The SuperTrend indicator suggests a bullish phase could begin if DOGE breaks the $0.21 resistance level. This would represent roughly a 9% increase from the current price.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
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