Popular crypto analyst Ali Martinez points out something he believes has gone unnoticed. altcoin for your opinions shared. Martinez believes the price could repeat its move in 2020, making big gains again.
Ali MartinezStating that the altcoin he is talking about is VeChain, he is of the opinion that the immediate resistance of $ 0.033 is ready to be broken. The analyst stated that the VET price showed a similar consolidation between 2018 and 2020, and believes that it has the power to move it towards the long-term target of $ 0.70. This means an average price increase of 2230%. However, the analyst also pointed out that the price has accumulated strength for a 150% increase in the short-term outlook.
Another altcoin on the analyst’s radar Cardano (ADA) became. According to the analyst, ADA is in a position to overcome its diagonal resistance.
“Cardano forms a descending triangle on lower time frames. Cardano’s sustained close above $0.638 could trigger an uptrend and push ADA towards $0.700.
However, keep a close eye on the $0.613 support. “Any weakness at this level could dampen ADA’s bullish momentum.”
Concluding his predictions with Ethereum rival Fantom, Ali Martinez states that the altcoin price is currently trading at a significant resistance level and says that a breakout could spark an increase of approximately 50%.
“Phantom is located in an important resistance zone. There are 657.60 million FTMs accumulated between $0.44 and $0.46 in more than 1,430 addresses. For a bullish bounce, FTM needs to overcome this zone decisively. “If successful, we could see a 45% rally targeting $0.65.”
