The recent rise in cryptocurrencies has led analysts to make positive comments. Bitcoin price surpassed $66,000 for the first time in weeks, although it later pulled back. Institutional investor interest suggests potential movement among individual investors. A prominent market figure made significant comments about a few cryptocurrencies.
Analyst’s Meme Coin Comment
Ali Martinez, a well-known name in the crypto world, highlighted a meme coin with a bullish signal. Martinez noted that Brett (BRETT), a leading memecoin on the Base network, showed a bullish pattern on its daily chart.
According to Martinez, if BRETT surpasses the resistance level at $0.15, it could rise by 357% and reach $0.63. BRETT’s 24-hour trading volume saw a noticeable decline, dropping by 18.44% to $33.290 million.
BRETT’s price is trading at $0.1324 after a 4.26% drop in the last 24 hours, with a market cap of $1.3 billion.
Solana Price Prediction
After BRETT, Martinez analyzed Solana (SOL), one of the top cryptocurrencies. Martinez’s 12-hour chart analysis showed a W-shaped pattern. This pattern is generally considered to signal the end of a downtrend and the potential start of an uptrend.
Martinez also noted that Solana could rise by 9% from its current price level.
Solana is trading above $161, with a 21% decline in trading volume indicating reduced interest. According to Martinez, a rise in Solana’s price could lead to the liquidation of billion-dollar short positions.
If Solana rises to $176, $2.98 billion in short positions will be liquidated!
