Ethereum
Cryptocurrency Analyst Says Ethereum’s Top Rival Could Soar 900%, Outlines Path Ahead for Bitcoin and Dogecoin
A widely followed crypto analyst says a smart contract platform could see massive gains while updating his outlook on Bitcoin (Bitcoin) and Dogecoin (DOGE).
In a new strategy session, crypto trader Ali Martinez tell its 68,200 followers on social media platform X that Ethereum (ETH) competitor Solana (GROUND) has the potential to skyrocket 900%.
“Solana has officially broken through this bullish pennant, suggesting a potential 900% rally ahead.”
Source: Ali Martinez/X
The strategist’s chart suggests that Solana will exit the market towards the end of summer and skyrocket towards the $1,600 price point by early 2025.
Solana is trading at $170.97 at the time of writing, down 5.3% in the last 24 hours.
Moving on to the top digital asset by market cap, Martinez says it could potentially be hit by a wave of liquidations coming. rebounds around $65,200.
“BTC could bounce to $65,200 to liquidate $42.16 million in short positions!”
Source: Ali Martinez/X
At the time of writing, Bitcoin is trading at $64,659, down 2.5% in the last 24 hours.
Concluding his analysis with Dogecoin, Martinez claims that the popular meme asset is following a familiar pattern: one that sees it experience sharp declines before finally soaring.
“I didn’t sell a single DOGE. I just bought! Dogecoin is following the same pattern we’ve seen before. It consolidates in a descending triangle, has a 140%-230% rally, and pulls back 56%-60% before entering a bull run. So now we just have to wait!!!”
Source: Ali Martinez/X
In the short term, Martinez says he consider DOGE Surges 44% DOGE is trading at $0.123 at the time of writing, down 5.7% on the day.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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