Cryptocurrency analyst and trader Ali Martinez highlights Mimecoin, which is showing bullish signs.
Martinez told his 67,300 followers on social media platform X that BRETT, a meme coin built on Ethereum (ETH) scaling solution Base, appears to be forming a bullish flag on the daily chart.
According to Martinez, if Mimecoin overcomes the $0.15 resistance level, Brett could surge to $0.63, or about 357% from current levels.
As of this writing, Brett’s trading price is $0.138.
The cryptocurrency trader and analyst also provides insight into Solana (SOL). According to Martinez, Solana is forming a W-shaped pattern on the 12-hour chart. In technical analysis, a W-shaped pattern usually indicates that a downtrend is coming to an end and that the asset’s price is at the top of an uptrend.
Martinez said Solana could rise about 9% from current levels.
As of this writing, Solana is trading at $160.
According to cryptocurrency analysts, a potential bullish move by Solana could trigger billions of dollars in liquidations due to bearish bets.
“If Solana surges to $176, $2.98 billion in short positions will be liquidated!”
Next up is Bitcoin (BTC). Martinez says this leading cryptocurrency asset would have to revisit the price it hit about a month ago to break the $73,800 level, its all-time high.
“Bitcoin needs to hold above $62,500 to maintain its bullish position and break $66,250 to target a new all-time high!”
As of this writing, Bitcoin is trading at $64,695.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
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