Crypto analyst and trader Ali Martinez, a decentralized exchange (DEX) altcoin GMX He suggested that the price would experience a breakout soon
Martinez noted that GMX appears to be forming a bullish reversal pattern that could see it rise more than 60% from its current value.
“altcoin It forms an inverse head and shoulders pattern on the daily chart. “A sustained close of the daily candlestick above $60 has a 48.50% chance of triggering a breakout that would send the price towards $90.”
As we reported as Koinfinans.com, another altcoin on Martinez’s list is Cardano happened. The analyst noted that ADA price has upward momentum:
“The upward trend observed in Cardano looks quite solid. There is a significant increase in daily active ADA addresses, trading volume, and transactions from ADA whales. “This increased activity reflects strong network participation and investor interest, so continued growth is highly likely.”
Martinez finally Bitcoin If the price falls below $61,000, he expects a correction towards $51,500. The trader uses Bitcoin’s URPD or UTXO (unspent transaction output) realized price distribution to determine key support levels, which tracks the number of available coins that have last moved within a given price range. does.
“What Trader points out is that a significant support area has formed between $61,100 and $61,800, with more than 500,000 BTC traded. If Bitcoin manages to stay above this level, the next lower resistance appears to be around $65,900. However, if BTC breaks below this support level, a corrective move could drop to $56,970 or even $51,500.”
