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Home»ALTCOIN NEWS»Crypto Trader says the Ethereum rival, which is up more than 470%, is poised to continue its rise. Here’s why:
ALTCOIN NEWS

Crypto Trader says the Ethereum rival, which is up more than 470%, is poised to continue its rise. Here’s why:

By Crypto FlexsJanuary 14, 20242 Mins Read
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Crypto Trader says the Ethereum rival, which is up more than 470%, is poised to continue its rise.  Here’s why:
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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.”

Source: Ali Martinez/X

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!”

video
Source: Ali Martinez/X

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.”

video
Source: Ali Martinez/X

Ethereum is trading at $2,611 at the time of writing, up more than 4% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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