Altcoin Built on Base Layer-2 Blockchain Could Explode by 340% if This Happens, According to Crypto Trader
Cryptocurrency analyst and dealer Ali Martinez is highlighting a memecoin that’s flashing a bullish sign.
Martinez tells his 67,300 followers on the social media platform X that Brett (BRETT), a memecoin constructed on the Ethereum (ETH) scaling answer Base, seems to be forming a bull flag on the every day chart.
According to Martinez, Brett may soar to $0.63, about 357% from the present degree, if the memecoin overcomes the $0.15 resistance zone.
Brett is buying and selling at $0.138 at time of writing.
The crypto dealer and analyst additionally gives his perception on Solana (SOL). According to Martinez, Solana is forming a W-shaped sample on the 12-hour chart. In technical evaluation, a W-shaped sample usually indicators {that a} downtrend could also be about to finish and that the value of an asset is on the cusp of an uptrend.
Martinez additional says that Solana may inch up by round 9% from the present degree.
Solana is buying and selling at $160 at time of writing.
According to the crypto analyst, Solana’s potential bullish strikes may set off billions of {dollars} in liquidations on bearish bets.
“$2.98 billion in short positions will be liquidated if Solana surges to $176!”
Subsequent up is Bitcoin (BTC). Martinez says that the flagship crypto asset should revisit a value final recorded a couple of month in the past for BTC to break above the $73,800 degree, the document excessive.
“Bitcoin must hold above $62,500 to maintain its bullish position and break $66,250 to target new all-time highs!”
Bitcoin is buying and selling at $64,695 at time of writing.
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