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Lunam Points
The trader and analyst of the cryptocurrency Ali Martinez lends Bearish on Solana (ground) while updating his perspectives on Bitcoin (BTC) and Ethereum (ETH).
From Solana, Martinez told her 135,500 subscribers on the social media platform X that the sixth greatest cryptographic asset by market capitalization could fall up to 48% of the current level if soil does not break the resistance zone which is below the price of $ 138.
“For all that we know, Solana could be removed the rupture zone from a model of ascending enlargement at right angle, with the target of $ 65 still at stake.”
Solana is traded at $ 125 at the time of the editorial staff.
Regarding Bitcoin, Martinez says that the Crypto King support area at around $ 82,024 is a “level to watch closely” at 96,580 BTC accumulated at this price, according to data from the Glassnode analysis platform. The accumulation models are chain measurements used to determine where the interest of buyers could be found if the price falls at this level.
Bitcoin is traded at $ 83,999 at the time of the editorial staff.
The next step is Ethereum. According to the Crypto analyst and merchant, Ethereum could “prepare for a major rebound” because the sequential indicator of Tom DeMark (TD) flashes a bullish signal on the weekly time. The TD sequential indicator is a tool in the technical analysis used to identify potential trend reversal points on price graphics.
Citing Glassnod data, Martinez also says that Ethereum is currently above a major level of support, according to the accumulation models of Crypto Asset.
“The most critical support for Ethereum is $ 1,546.55, where 822,440 ETH were previously accumulated. A level that deserves to be looked at carefully! ”
Ethereum is negotiated at $ 1,582 at the time of the editorial staff.
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Image generated: Midjourney