Popular cryptocurrency trader Ali Martinez, solana Pay attention to the immediate support at $110, stating that a bullish formation has formed on the chart. pulled. According to Martinez, if SOL can break the immediate support at $110, it is poised to move towards a level last seen two years ago.
According to Ali Martinez, the ‘bull flag’ seen on the price chart is ready for an explosive move based on the $110 resistance. Breaking the $110 resistance could act as an upside catalyst and pave the way for a move towards important levels such as $163.
Also commenting on Ethereum rival Cardano, Ali Martinez says the altcoin appears to be mirroring mid-2021 price action when it consolidated above a key price area before sparking a parabolic rise.
So far, Cardano price action reflects the 2018-2020 pattern! If this trend continues, we could see ADA consolidate around its current levels by April, setting the stage for a potential resumption of the bull run.
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According to Ali Martinez’s chart, Cardano’s prediction to rise up to $8.00 by 2025 is noteworthy. At the time of this writing, ADA was trading at $0.516.
Finally, Martinez stated that the XRP price is trading on an ascending parallel channel, which could trigger a rally. The analyst’s initial target is $0.80 followed by $1.10.