Although the crypto currency market has been horizontal in recent days, technical analysis experts point to remarkable mobility in some Altcoins. The analyst Ali Martinez, followed by, said that XRP has completed the reverse-shoulder-head-omuz formation and that this may be a harbinger of a serious rise. According to Martinez, the XRP can reach a $ 2.70 to $ 2.90 band, the target price range of the formation. This statement causes investors to turn to XRP again, while remarkable analyzes for other Altcoins are on the agenda.
Technical graphics in XRP, Dogecoin and Cardano are positive
According to Ali Martinez, the XRP finally completed the long-term reverse shoulder-head-omuz formation, which can open the door of a new upward trend. Technical analysts say that such formations are usually seen after the bottom regions and indicate that the procurement pressure will increase. Martinez said that XRP could target $ 2,70 to $ 2.90 with this technical structure. This indicates the possibility of an increase of up to 30 %compared to existing prices.
Martinez, who also attracted attention to Dogecoin in addition to XRP, said that this popular crypto currency can gain acceleration towards record levels if the monthly closing of the monthly closing over $ 0.20. Past data shows that investor interest increased after Dogecoin exceeded this level. Martinez argues that if the permanence of over $ 0.20 is achieved, Dogecoin can climb up to $ 0.74, the highest level of all time.
For Cardano, the situation seems a little more cautious. Although the current decrease trend still maintains its effect, it is possible to rise up to $ 0.88 when the horizontal resistance at $ 0.74 is overcome according to the analyst. Technical formations point to promising developments in the near term for Cardano investors.
Giant Target in Solana: The price may rise above $ 3,500
Martinez’s evaluations also took part in the Layer-1 protocols. In Solana’s graph, the analyst identified the “Cup and Handle” formation and stressed that this structure is a very strong rise formation. He said that the levels of over $ 3,500 are possible for solana if this formation is completed. From the current price levels, this means a remarkable growth potential.
Such formations can usually bring income and sudden splashes after consolidation periods. Martinez argued that Solana clearly demonstrated this technical structure and that investor interest may increase in parallel with the completion of this structure. In technical analysis, such patterns can trigger chain purchase orders with the exceeding psychological limits.
Martinez also reminded that all these promotion expectations may vary depending on the current market conditions. Analyst emphasizes that technical data is guiding, but that investors should take their own analysis. This reveals that every ascension formation does not give guaranteed results.
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.
