Cryptocurrency analyst and merchant ALI Martinez leans on Solana (SOL) competitors.
Martinez says to 130,100 followers in social media platform X that SUI (Sui) faces the danger of “sharp fertilization” in the formation of weak patterns.
“Since November 2024, SUI has formed a head and shoulder pattern that plays an important level of $ 3 of $ 3. And the price behavior you see in the last few weeks has helped to form the right shoulder of the pattern, which is not a positive sign. After the last three -dollar support level, the SUI has increased the chance of modifications of 40%, with a SUI of $ 1.60. ”
The SUI was $ 2.73 when writing, down about 48% from the highest price of $ 5.35 in early January.
The following is Bitcoin (BTC). Martinez says that the encryption king is likely to make next.
“Bitcoin is integrated within a triangle and sets a stage of 20%price movement!”
The encryption analyst also said that the supply of bitcoin supply (a group that kept coins in a dormant state for more than 155 days) in the hands of a long -term holder has grown between February 11 and March 5. Bitcoin’s supply to the hands of long -term holders is 13,195,498 BTC.
“Long -term holders are accumulated! The supply of long -term holders increased 85,000 bitcoin last month. ”
Bitcoin is trading at $ 89,170 for writing.
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Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: Midjourney