Experienced cryptocurrency analyst Ali Martinez evaluated the altcoins Ripple (XRP), Shiba Inu (SHIB) and Optimism (OP) in his latest analysis.
According to the analyst, the XRP price is moving within an ascending parallel channel. Martinez argues that after a rejection at the middle line of the channel, the XRP price could retreat to around $0.55, the lower limit of the channel.
However, talking about Shiba Inu, the analyst thinks that SHIB may be showing signs of a bullish breakout. According to the analyst, if SHIB price can hold the critical support level at $0.0000103, the next target for the token could be $0.0000140.
Speaking about the OP altcoin, the analyst argues that the coin has a vital resistance zone between $ 2.17 and $ 2.30. According to the analyst, 27,000 addresses have accumulated 45.6 million OP tokens in this range. OP price is trading at $2.10 at the time of this writing.
According to the analyst, if there is a sustainable close above this vital range, this may signal a breakout in favor of the bulls and the OP price may begin a journey towards $2.70.
*This is not investment advice.
