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Cryptocurrency trader and analyst Ali Martinez believes that Solana (SOL) may be on the verge of an explosive breakout to a new all-time high. Martinez tells his 146,400 followers on X that the top Ethereum (ETH) rival is on the brink of a strong impulse to the upside. The analyst says that SOL is forming an ascending triangle on the 12-hour time frame, a bullish formation that’s confirmed when the price breaches the upper horizontal trend line. He also uses Fibonacci extension levels to suggest SOL may increase more than 92% from its current level. Traders use the Fibonacci extension tool to identify potential entry and exit levels for an asset based on the Fibonacci ratio.  “Solana may offer a final buy-the-dip chance before targeting $360!” Source: Ali Martinez/X SOL is trading for $187 at time of writing, down 4.3% in the last 24 hours. Next up, the says that the layer-1 blockchain Avalanche (AVAX) may see a more than 56% increase from it...

A widely followed crypto analyst says that three prominent altcoins including Ethereum (ETH) look primed to skyrocket. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 519,200 followers on the social media platform X that if the second-largest crypto asset by market cap can maintain a key support level at $3,650, it could rally to $4,000. “The volatile retest is playing out perfectly. In fact, the retest of the trendline as new support appears to be successful continued stability at the $3,650 region would enable a challenge into $4000 (red).” Source: Rekt Capital/X Ethereum is trading for $3,790 at time of writing, a 6% increase during the last 24 hours. Moving on to Ethereum rival Avalanche (AVAX), Rekt Capital says that not only did the altcoin recently spark an unprompted rally, but if it can reclaim its previous all-time high set in March, it could keep surging. “Avalanche doesn’t care, it just rallied ...