Analyst Sets Bold $1,314 Target For Solana After Cup-And-Handle Breakout
A cryptocurrency analyst has pointed out how Solana may be moving toward a sky-high main target based on a cup-and-handle breakout. Solana Is Breaking Out Of A Cup And Handle In a new post on X, analyst Ali Martinez has shared a pattern that the 1-week price of SOL has appeared to have been following during the last few years. The pattern in question is a “cup and handle” from technical analysis (TA). It’s made up of two parts: a U-shaped trendline forming the “cup” and a downward parallel channel representing the “handle.” As the asset moves....
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Solana (SOL) has emerged as a major headliner following an impressive 20.89% gain over the last week. Solana’s price now sits comfortably within the $240 price range and is only 18.05% away from its present all-time high at $294. Interestingly, renowned market expert Ali Martinez has noted a positive effect of SOL’s recent price surge, which points to a sustained price rally. Related Reading: Analyst Sets Bold $1,314 Target For Solana After Cup-And-Handle Breakout SOL Surges Above Key $205 Resistance: Fibonacci Levels Point Toward $362 In an X post on September 13, Martinez....
On-chain data shows the XRP whales have participated in major distribution over the past two weeks, a sign that can be bearish for the asset’s price. XRP Whales Have Sold 160 Million Tokens Recently In a new post on X, analyst Ali Martinez has talked about the latest move from the XRP whales. The analyst has cited Santiment’s Supply Distribution indicator, which measures the total amount of the asset’s supply that a given wallet group as a whole is holding right now. Whales are defined as addresses carrying between 1 million and 10 million tokens of the cryptocurrency. At....
After experiencing bearish declines and volatility, Bitcoin (BTC) is finally looking bullish, with a crypto analyst forecasting a breakout to a new all-time high target. After identifying a Cup and Handle pattern on the Bitcoin chart, the analyst announced to investors and traders that now may be the time to buy BTC. Bitcoin Price Targets […]
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High As $1,400 Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst Martinez predicted that Solana could rise to as high as $1,400, revealing that Solana is looking “a lot like July 2021.” July 2021 was when SOL began its parabolic run in the last market cycle, going from about $30 to its current all-time high (ATH) of $260 in....
The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency’s potential to resume its bull run and reach a new all-time high price. A crypto expert on social media platform X has come forward with an interesting outlook for the Bitcoin price, stating that the market leader could be gearing up for its next explosive move. However, the on-chain analyst added that a certain condition must be met for BTC to resume its uptrend. A....