While volatility in the crypto currency market, analyst Ali Martinez shared technical analysis for XRP, Solana (left) and Qtum. According to the analysis, the head and shoulder formation is observed in the XRP, while the rising canal formation for the left draws attention. In Qtum, the protection of the critical support level is of great importance. It is stated that investors should pay attention to the specified levels due to uncertainties in the market.
Support points for XRP and Qtum are critical
According to technical analysis, a structure similar to the head and shoulder formation is formed in the XRP graph. This formation is usually considered as a decrease signal. The $ 2 level for XRP stands out as an important support point. If this support level is broken, a deeper decrease in XRP may occur. Investors need to follow this point carefully.
An important support level was determined for Qtum. If the support point of $ 1.88 cannot be preserved, a larger decline movement may be seen. Technical analyzes show that Qtum will be higher if it remains above this level. It is emphasized that investors should pay particular attention to this level of support.
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Channel formation rising for Solana gives a positive signal
Solana (left) graph rising channel formation stands out. Technical analysts say that this formation usually supports the rise tendency. The left is currently trading at a level close to the lower limit of the channel. If the formation persists, the price seems to be likely to rise up to $ 140 with the upper resistance level.
It is emphasized that investors should monitor the movement of the left in the channel. If the lower limit of the channel is lost, the risk of decrease may increase. The technical analysis reveals that the SOL may be decisive in terms of the general aspect of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
