Leading cryptocurrency analyst Ali Martinez shared his views on the current state of Bitcoin, Solana, and Cardano in a recent statement.
Martinez noted that Bitcoin is consolidating in the $51,000 to $52,500 range. Despite this period of consolidation, Bitcoin's accumulation levels have remained impressively high. “Bitcoin accumulation levels show no signs of slowing down,” Martinez said, noting strong holding sentiment among investors.
Turning his route to Solana, Martinez pointed out that the TD Sequential indicator presented a bull signal on the Solana daily chart. This indicates a potential uptrend for Solana that could span one to four day candlesticks, according to the analyst.
On the other hand, Martinez stated that he is cautious about Cardano. According to the analyst, the TD Sequential indicator is showing a bear signal on Cardano's 3-day chart. Martinez emphasized the importance of this signal, saying, “It is important to note that the last two times this indicator gave a bear signal, Cardano experienced a price correction.” said.
*This is not investment advice.