Ethereum

Cardano

Rally

Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/signs-of-a-rally-in-solana-and-predictions-for-cardano-and-xrp/" data-wpel-link="internal">Signs of a Rally in Solana and Predictions for Cardano and XRP</a><br></p>
<p style="text-align: justify">A senior crypto analyst, known for his market predictions, has suggested that a competitor of the leading smart contract platform Ethereum (ETH) might be on the verge of a breakout rally.</p> 
<h2 id="signs-of-a-rally-in-solana">Signs of a Rally in Solana</h2> 
<p style="text-align: justify">Crypto analyst Ali Martinez, through a <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform, told his followers that the popular altcoin Solana (SOL) is forming a bullish continuation pattern on its hourly chart. The analyst shared a chart suggesting that if SOL manages to break free from its current resistance at $110, it could rise to a level not seen in approximately two years. The senior analyst stated the following:</p> 
<blockquote> 
 <p style="text-align: justify">The hourly chart is showing signs of a Solana bull flag formation. A definitive close above the $110 resistance level could be the catalyst for a significant upward movement! If this pattern continues, we could see SOL heading towards an ambitious target of $163.</p> 
</blockquote> 
<p style="text-align: justify">Turning to Ethereum’s competitor Cardano (<a href="https://en.coin-turk.com/cardano-price-drops-while-whales-accumulate-ada-tokens-worth-45-million/" data-wpel-link="internal">ADA</a>), Ali Martinez noted that the altcoin appears to be reflecting its mid-2021 price action, where it consolidated above a significant price area before a parabolic rise, and said:</p> 
<blockquote> 
 <p style="text-align: justify">So far, Cardano’s price action mirrors the 2018-2020 model! If this trend continues, we could see ADA consolidating at its current levels until April, which could lay the groundwork for a potential restart of the bull run.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-300961 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/martinez-1.jpg" alt="" width="2232" height="1452"></p> 
<h2 id="xrp-could-see-an-uptrend">“XRP Could See an Uptrend”</h2> 
<p style="text-align: justify">Based on his analysis, the analyst predicted that Cardano could rise to $8.00 by the year 2025. Examining Ripple (XRP), Martinez noted that the sixth-largest cryptocurrency by market value continues to trade within a rising parallel channel. According to the analyst, XRP is in a position to witness uptrends as it is currently at the cross support of the rising pattern that has been ongoing since mid-2022. The analyst concluded his remarks as follows:</p> 
<blockquote> 
 <p style="text-align: justify">From this perspective, the price action of XRP since June 2022 seems to be following a management model like a rising parallel channel. If this model persists, XRP could move towards the middle or upper boundaries of the channel, which are currently at $0.80 and $1.10, respectively.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/signs-of-a-rally-in-solana-and-predictions-for-cardano-and-xrp/" data-wpel-link="internal">Signs of a Rally in Solana and Predictions for Cardano and XRP</a></h5>

Signs of a Rally in Solana and Predictions for Cardano and XRP

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