Crypto strategist Ali Martinez noted that XRP is again showing the same optimistic signals it gave last year before triggering a parabolic increase.
XRP Potential Rise Expected
Analyst Martinez stated to his followers on the social media platform that XRP may be ready for a new upward move based on the SuperTrend indicator.
“When the SuperTrend indicator gave an optimistic signal on the 12-hour chart, XRP had risen 470%… Now it has given an optimistic signal again.” –Ali Martinez
According to Martinez, the SuperTrend indicator helps identify potential entry and exit points for XRP.
A Big Rally is Predicted for ADA
Martinez, Cardano $0.917862He said that it has the potential to break out of the optimistic continuation model on the daily chart and enter a significant upward movement.
“Cardano ADA breaks out from a bull flag and heads towards the $3 target!” –Ali Martinez
Currently, ADA is trading at $0.99.
DOGE Investors are Neutral
Martinez, the most popular memecoin Dogecoin $0.333852He stated that it was purchased by large investors.
“Whales bought 140 million Dogecoin DOGE in 24 hours!” –Ali Martinez
He also stated that social sentiment about DOGE is negative and this may cause the meme token to act contrary to general expectations.
Martinez’s analysis points to potential bullish opportunities for XRP, ADA, and DOGE based on technical indicators and market behavior. It may be important for investors to make their own assessments by taking these signals into account.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.