Cryptocurrency analyst Ali Martinez has offered a market analysis, including price predictions for several prominent altcoins, in light of recent market volatility.
Regarding Cardano (ADA), also reportedly included in a US Strategic Cryptocurrency Reserve announced by Donald Trump, Martinez observes a descending triangle formation, suggesting a potential 33% price swing in the near term. He further predicts a rally towards $10 if ADA maintains support above $0.80 and breaks the $1.20 resistance level.
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Martinez holds a more pessimistic view on XRP, identifying a potential head and shoulders pattern which, if confirmed, could target a price of $1.20.
Finally, concerning Dogecoin (DOGE), Martinez suggests that maintaining support at the $0.17 lower channel boundary could trigger a significant rebound towards $2.74.
*This is not investment advice.
Continue Reading: Veteran Analyst Predicts XRP, Cardano and Dogecoin Prices – Bullish on Two, Bearish on One