Crypto analyst and trader Ali Martinez says that one Ethereum (ETH) rival could soar even higher after putting up big gains.
Martinez tells his 40,300 followers on the social media platform X that Solana (SOL) may be printing a bullish pattern that could lead to a more than 65% increase from its current value.
“Solana is breaking out from a bull flag that developed on the four-hour chart. A sustained close above $106 can trigger a 47% rally that pushes SOL toward the $150-$165 price range.”
Solana is trading for $100 at time of writing, up 476% from four months ago.
Next up, the trader believes memecoin Pepe (PEPE) is heading higher.
“PEPE appears to be breaking out from a descending parallel channel, which suggests PEPE could advance toward $0.0000016 or even $0.0000019!”
Pepe is trading for $0.0000013 at time of writing, up more than 3% in the last 24 hours.
Lastly, the analyst warns that the Tom DeMark (TD) Sequential indicator is suggesting a corrective move for Ethereum.
The TD Sequential indicator aims to identify turning points in a market with a value of nine signaling a possible trend reversal.
“The TD Sequential presents a sell signal on Ethereum four-hour chart, which could lead to a one to four candlesticks correction. If validated, ETH could retrace to $2,530 or even $2,450.”
Ethereum is trading for $2,611 at time of writing, up more than 4% in the last 24 hours.
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