Cardano

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-surge-in-altcoin-and-highlights-bitcoin-and-cardano-trends/" data-wpel-link="internal">Analyst Predicts Surge in Altcoin and Highlights Bitcoin and Cardano Trends</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/anonymous-crypto-analyst-altcoin-sherpa-predicts-downturn-for-bitcoin-and-two-altcoins/" data-wpel-link="internal">Crypto</a> analyst</strong> Ali Martinez, frequently mentioned in cryptocurrency markets, has announced that a decentralized exchange (<a href="https://coin-turk.com/merkezsiz-borsa-nedir" data-wpel-link="internal">DEX</a>) <strong><a href="https://coin-turk.com/bitcoin-btc-ethereum-eth-binance-coin-bnb-fiyat-analizi-17-mart-2021" data-wpel-link="internal">altcoin</a></strong> is poised for an upcoming rise. The analyst also shared his views on <a href="https://en.coin-turk.com/crypto-market-awaits-key-dates-a-calm-before-the-storm/" data-wpel-link="internal">Bitcoin</a> (BTC) and Cardano (<a href="https://en.coin-turk.com/analysts-predict-a-bright-future-for-cryptocurrency-cardano-ada/" data-wpel-link="internal">ADA</a>).</p> 
<h2 id="expecting-a-60-increase-in-gmx-value">Expecting a 60% Increase in GMX Value</h2> 
<p>Popular crypto analyst Ali Martinez, through social media platform X, told his followers that GMX has formed a reversal pattern that could lead to a rise of over 60% from its current value. The analyst stated:</p> 
<blockquote> 
 <p style="text-align: justify"><strong>GMX</strong> is forming an inverse head-and-shoulders pattern on the daily chart. A consistent daily candlestick closure above $60 could trigger a 48.50% rise, sending GMX to $90!</p> 
</blockquote> 
<p style="text-align: justify">At the time of writing, GMX is trading at $56.13, down about 5% in the last 24 hours. The analyst then highlighted that the smart contract protocol <strong>Cardano (ADA)</strong> has more upside potential, emphasizing the following in his remarks:</p> 
<blockquote> 
 <p style="text-align: justify">The uptrend in Cardano looks healthy! There’s a notable increase in daily active ADA addresses, transaction volume, and transactions from ADA whales. This increased activity signifies strong network participation and investor interest, positive indicators for ongoing growth.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-323609 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/martinez.jpg" alt="" width="2406" height="1296"></p> 
<h2 id="critical-data-for-bitcoin-s-path">Critical Data for Bitcoin’s Path</h2> 
<p style="text-align: justify">Lastly, the analyst warned that if Bitcoin (BTC) falls below $61,000, it could drop to $51,500. He uses Bitcoin’s URPD, which tracks the number of current cryptocurrencies that have moved at a specific price range, to identify key support levels. The analyst concluded:</p> 
<blockquote> 
 <p style="text-align: justify">Between $61,100 and $61,800, over 500,000 BTC were traded, creating a significant support area. If Bitcoin stays above this threshold, considering the minimum resistance ahead, it’s gearing up to climb to $65,900. Conversely, if BTC falls below support, a correction could bring it down to $56,970, or even $51,500.</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/analyst-predicts-surge-in-altcoin-and-highlights-bitcoin-and-cardano-trends/" data-wpel-link="internal">Analyst Predicts Surge in Altcoin and Highlights Bitcoin and Cardano Trends</a></h5>

Analyst Predicts Surge in Altcoin and Highlights Bitcoin and Cardano Trends

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