Cryptocurrency analyst and trader Ali Martinez is drawing attention to a memecoin that is showing positive signs. Martinez, who has a following of 67,300 on the social media platform X, believes that Brett (BRETT), a memecoin built on the Ethereum scaling solution Base, is forming a bullish pattern on the daily chart. If Brett manages to overcome the $0.15 resistance zone, Martinez predicts that it could reach $0.63, a potential increase of 357% from its current level.
As for Solana (SOL), Martinez suggests that it is forming a W-shaped pattern on the 12-hour chart. This pattern often indicates the end of a downtrend and the beginning of an uptrend. Martinez expects Solana to increase by approximately 9% from its current level.
Martinez also points out that Solana’s potential bullish movements could lead to billions of dollars in liquidations for those who have taken bearish positions. In fact, he states that “$2.98 billion in short positions will be liquidated if Solana surges to $176!”
Moving on to Bitcoin (BTC), Martinez believes that for it to surpass its record high of $73,800, it must first revisit a price that was last recorded about a month ago. He notes that Bitcoin needs to stay above $62,500 to maintain its bullish position and break through $66,250 to reach new all-time highs.
At the time of writing, Brett is trading at $0.138, Solana is trading at $160, and Bitcoin is trading at $64,695.
Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor. Please be aware that The Daily Hodl engages in affiliate marketing.
