The leading cryptocurrency has temporarily paused its upward trend, and altcoins have been experiencing losses for the past few days. Despite a series of false rallies, Bitcoin $0.000073‘s continued closure at six-figure levels remains a source of motivation for investors. Meanwhile, in recent graphic shares, analyst Ali Martinez has provided insights on the future of SOL, SUI, and S Coin.
SOL: Assessing Resistance Levels
Ali Martinez, a closely watched analyst, shared his predictions for three altcoins at the time of writing. Although he warned of a potential rise for SOL Coin, current charts indicate that Solana $144 bulls are facing a crucial test at key resistance levels.
“This area is a significant resistance zone for Solana (SOL). Breaking through here could trigger a new bull rally!”
Martinez emphasizes the importance of the $188 zone, suggesting that closures above this level could accelerate the rally. For an all-time high (ATH), key closures above $188 could turn the $203-$205 range into support.
SUI and Sonic Coin: Potential Downtrends
“SUI seems ready for a pullback as the 3-day chart’s TD Sequential indicator signals a sell!”
Closures below $3.53 for SUI might lead to a decline towards $3.02 and $2.71. According to Martinez, unless unexpected events occur, this sell signal could offer buying opportunities at lower levels.
In the DeFi space, Sonic is striving to find support at $0.5. Given Martinez’s overall bearish plunge predictions for altcoins, if S Coin fails to maintain the $0.5 level, it might decline to $0.40.
When Will Altcoins Rise Again?
The announcement of a Chinese deal had fueled significant price surges in BTC and altcoins. However, this rally seems to have paused for now. Renowned crypto analyst Pentoshi remarked in his recent assessment that altcoins should now continue their upward momentum.
“If altcoins are to recover, they need to start around these levels soon. They gave back 50% of last week’s gains. What’s worrisome is that BTC has shown almost no reaction while altcoins have lost most of their gains.”
BTC is trading at $103,567, and ETH price is $2,506 according to Binance TR data.