Crypto analyst and trader Ali Martinez said one Ethereum (ETH) rival could soar even higher after making big gains.
Martinez says 40,300 followers on social media platform
“Solana is breaking out of the bull flag that appeared on the 4-hour chart. A sustained close above $106 could trigger a 47% rally that would push SOL into the $150-$165 price range.”
Solana is trading at $100 at the time of this writing, up 476% from four months ago.
Next, traders believe memecoin Pepe (PEPE) is headed higher.
“PEPE appears to be breaking out of a descending parallel channel, which means PEPE could rise to $0.0000016 or $0.0000019!”
Pepe is trading at $0.0000013 at the time of writing, up more than 3% in the last 24 hours.
Finally, the analyst warn Tom DeMark (TD) Sequential indicators are suggesting corrective action for Ethereum.
The TD Sequential Indicator aims to identify turning points in the market with a value of 9 indicating a possible trend reversal.
“TD Sequential presents a sell signal on the Ethereum 4-hour chart, which could lead to a 1-4 candlestick correction. If verified, ETH could go back to $2,530 or even $2,450.”
Ethereum is trading at $2,611 at the time of writing, up more than 4% in the last 24 hours.
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