Trader Says Ethereum Rival Forming Bullish Setup That Could Trigger 2,915% Rally, Updates Outlook on Dogecoin
Crypto trader Ali Martinez is highlighting a layer-one altcoin that could appreciate by 30x. Martinez tells his 132,300 followers on the social media platform X that Solana (SOL) is developing a cup and handle pattern on the weekly time frame that could lead to a 2,915% surge. In technical Analysis , a cup and handle pattern forms in the shape of a cup and is typically considered bullish if, after forming the cup’s handle, the price breaks out to the upside. “If confirmed, this setup could propel it toward $3,800.” Source: Ali Martinez/ X Solana is trading at $126 at time of writing. Next up is Dogecoin (DOGE). Martinez says that the largest memecoin by market cap is trading in an ascending channel on the weekly time frame. According to the analyst, Dogecoin could go parabolic if the $0.16 support level at the lower boundary of the parallel channel holds. Based on Martinez’s chart, it appears he’s suggesting that Dogecoin could go up to a price of ...