Cryptocurrency analyst Ali Martinez examined the current status of major crypto assets such as Bitcoin, XRP and PEPE in his latest statement.
According to Martinez, the Bitcoin price is stuck between some critical price levels. According to the data, there is a demand wall of 1.43 million BTC between $ 94,660 and $ 97,660, and a supply wall of 1.16 million BTC between $ 97,650 and $ 99,470. According to the analyst, breaking one of the barriers on both sides could lead to a change in the trend.
However, the analyst said that the most critical support level for Bitcoin is $93,300 according to the MVRV price bands.
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Speaking about Solana, the analyst said that the SOL price continues to trade within a parallel channel, which could support a jump towards $225 or even $260. On the other hand, the analyst reported that losing the $190 support would weaken this bullish outlook.
Regarding PEPE, Martinez argued that if the token holds the $0.0000092 level, a bounce could occur, but if there is a drop below this level, a path towards $0.0000032 could open.
Finally, speaking about XRP, the analyst claimed that the coin is currently forming a cup-handle formation and that if there is a breakout from this pattern, a move to $3.35 could be observed.
*This is not investment advice.
Continue Reading: Experienced Analyst Evaluates Bitcoin, XRP, PEPE and Solana Price – Is a Rally Coming?
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Author: NixCoin
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