Analyst and trader Ali Martinez is bullish on a large-cap crypto asset while offering his views on Bitcoin (BTC) and two altcoins.
Martinez tells his 85,900 followers on social media platform a major level of resistance.
“BNB could be about to break out. I expect a weekly close above $662 for a potential move to $1,630!
BNB is trading at $617 at the time of writing.
Next up is Bitcoin. According to Martinez, Bitcoin’s current price action appears to reflect the third halving cycle, with even the relative strength index (RSI), an indicator used to determine overbought or oversold conditions, looking “almost identical” .
“If true, BTC will hit $108,000, drop to $99,000, and rebound to $135,000!”
Bitcoin is trading at $97,282 at the time of writing.
Next up is Shiba Inu (SHIB). Martinez says the second-largest memecoin by market cap could rise by around 56% if SHIB convincingly overcomes a major resistance level.
“Shiba Inu faces resistance at $0.000025, where 40,000 addresses purchased 54.6 trillion SHIB. A sustained close above this supply barrier could take SHIB to $0.000039.
Shiba Inu is trading at $0.0000252 at the time of writing.
Next is the native token of the layer 1 blockchain Polkadot (DOT). Martinez says Polkadot could rise by around 86% from the current level if current momentum continues.
“Polkadot is going as planned!” Next stop: $11! »
Polkadot is trading at $5.92 at the time of writing.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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