The cryptocurrency analyst and merchant Ali Martinez warns that a top same could dive considerably in the middle of the market slowdown.
Martinez said to her 128,900 subscribers on the social media platform X that Pepe (PEPE) is “about to crash” after having decomposed below the lower limit of a parallel channel in which she has been negotiated for almost a year.
“Since March 2024, Pepe has tended to fall to the lower support trend line, then reaches the higher resistance trend line. From this level, Pepe tends to return to the lower support trend line and from here, it bounces again. But today, Pepe broke under the support line of support. Now, an increase in sales pressure could push Pepe in a price correction of 70% to $ 0.00,000,316. »»
A parallel channel suggests that an asset is negotiated in an upward trend, printing higher highs and higher stockings. A break below the diagonal tendency line of the canal indicates that the upward trend has been invalidated.
PEPE is negotiated at $ 0.00,000,769, down 73% compared to the high price of all time of $ 0.00002803 reached in December 2024.
Then Bitcoin (BTC). Martinez says that the MOBILE Average Convergence Divergence indicator (MACD) flashes a Bitcoin Bitcoin signal within the weekly time. The MacD is an indicator used to determine the trend direction and identify changes in movement quantity using differences in the short -term and long -term exponential means.
“Each time the MACD has a lower crossing cross on the weekly graphic, Bitcoin has historically experienced an average of 40%. The MacD has just flashed another lower crossover! »»
Bitcoin is traded at $ 81,645 at the time of the editorial staff.
Turning to Solana (soil), Martinez says that Sol must “defend” the level of support for the cryptographic asset at around $ 125. On the basis of Martinez’s painting, it seems that he suggests that if the level of support of $ 125 does not hold, Solana could fall for less than $ 70.
Solana is traded at $ 143 at the time of the editorial staff.
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