Cryptocurrency analyst Ali Martinez has published his analysis, including price expectations for popular altcoins, following recent events that have caused high volatility in the market.
Speaking about Cardano (ADA), which is also included in the US Strategic Cryptocurrency Reserve announced by Donald Trump, the analyst said that the coin is consolidating in a descending triangle formation, which could potentially trigger a 33% price movement in the near future.
Additionally, the analyst claimed that the ADA price could rally towards $10 if it stays above the $0.80 support and breaks the $1.20 resistance.
Offering a more bearish outlook on XRP, the analyst said that the coin appears to be forming a head and shoulders formation and could potentially be targeting $1.20 if the formation is confirmed.
Lastly, making a statement about Dogecoin (DOGE), Ali Martinez claimed that if the DOGE price can hold the $0.17 level support at the lower boundary of the channel it is in, this could trigger a strong bounce back towards $2.74.
*This is not investment advice.
