Experienced cryptocurrency analyst Ali Martinez evaluated Cardano (ADA), Worldcoin (WLD) and Shiba Inu (SHIB) in his statement.
Martinez said it was a dream come true for the bulls as the price of ADA traded above $0.60. The analyst claimed that the path is clear for the ADA price to rise as there is no significant resistance level ahead.
According to the analyst, the next hurdle for Cardano could be the region between $0.80 and $1.
However, Martinez explained that Worldcoin has interesting on-chain activities. According to the analyst, the massive transfer of 3.6 million WLD from cryptocurrency exchanges occurred simultaneously with whale activities. The analyst argues that this indicates that whales may be preparing for a large price move in the WLD price.
On the other hand, the analyst also talked about Shiba Inu (SHIB). Martinez argued that since September 2022, the SHIB price has been trading in a downward parallel channel. However, according to the analyst, SHIB is currently struggling with a critical resistance to surpass the $0.000011 level, which is the upper limit of this channel.
The analyst argues that if there is a weekly close above this level, it will be a bullish signal and SHIB price may begin a journey towards $0.000014. However, in case of a rejection at this level, the analyst thinks that there may be a return to $ 0.000008.
*This is not investment advice.