XRP Channel Pattern Points To $5, Says Korean Analyst
XRP could climb as high as $20 if a breakout pattern from 2018 repeats itself, according to pseudonymous Korean financial analyst Ninedex. That scenario, while not his main call, hinges on the token breaking out of the upper edge of a channel structure that has shaped its price movement for over a decade. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment The Long Road From $1.34 XRP is currently trading around $1.34, down nearly 13% from its May 14 high of $1.54. Despite the pullback, Ninedex argues the token is still holding a key support zone within....
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A cryptocurrency analyst has pointed out how the next XRP support may be $1.2 if the lower level of the asset’s Parallel Channel breaks down. XRP Is Currently Above A Parallel Channel’s Support Level In a new post on X, analyst Ali Martinez has shared a pattern that has been forming in the 3-day price of XRP. The pattern in question is a Parallel Channel, a type of consolidation channel in technical analysis (TA). Related Reading: Bitcoin Blasts To $92,000, Liquidating $182 Million In Shorts A Parallel Channel appears whenever an asset’s price consolidates between two....
An analyst has pointed out how Dogecoin could see a strong surge if the support level of this technical analysis (TA) pattern holds. Dogecoin Is Retesting The Support Line Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a pattern forming in Dogecoin’s 12-hour price chart. The pattern in question is an Ascending Channel from TA, a type of Parallel Channel. Related Reading: Newbie Bitcoin Whales Now Control 44% Of Realized Cap, Highest Ever Parallel Channels form whenever an asset’s price observes consolidation between two parallel trendlines. The....
After a turbulent start to the week, the Stellar price seems to be finding some stability, briefly climbing above the $0.28 level this weekend. This growing momentum has sparked interest from market enthusiasts, with prominent crypto analyst Ali Martinez projecting the XLM token to soon experience a sustained price rise. Related Reading: Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000? XLM Primed For 40% Price Gain In an X post on March 15, Martinez shared an intriguing projection for Stellar price after rebounding off a crucial level. Martinez noted that the altcoin....
An analyst has pointed out how Cardano is retesting a level that has helped the asset’s price rebound multiple times during the past year. Cardano Is Retesting The Support Level Of A Parallel Channel In a new post on X, analyst Ali Martinez has shared a pattern forming in the daily price of Cardano. The pattern in question is a Parallel Channel, a type of consolidation channel from technical analysis (TA). Related Reading: Bitcoin & Ethereum Social Sentiment Collapses, But XRP Just Sees Disinterest A Parallel Channel forms whenever an asset’s price trades between two parallel....
A cryptocurrency analyst has explained where Ethereum could go next based on a long-term Parallel Channel forming in its monthly price chart. Ethereum Has Been Trading Inside A Parallel Channel For The Last Few Years In a new post on X, analyst Ali Martinez has talked about a long-term pattern that Ethereum has appeared to have been following for the last few years. The pattern in question is a “Parallel Channel” from technical analysis (TA), which forms whenever an asset’s price trades between two parallel trendlines. Related Reading: Bitcoin Could Be Sub-$50,000 By 2028....