Cryptocurrency analyst and trader Ali Martinez is highlighting a memecoin that is flashing a bullish signal.
Martinez tells his 67,300 followers on the social media platform X that Brett (BRETT), a memecoin built on the Ethereum (ETH) scaling solution Base, appears to be forming a bull flag on the daily chart.
According to Martinez, Brett could soar to $0.63, about 357% from the current level, if the memecoin overcomes the $0.15 resistance zone.
Brett is trading at $0.138 at time of writing.
The crypto trader and analyst also offers his insight on Solana (SOL). According to Martinez, Solana is forming a W-shaped pattern on the 12-hour chart. In technical analysis, a W-shaped pattern typically signals that a downtrend may be about to end and that the price of an asset is on the cusp of an uptrend.
Martinez further says that Solana could inch up by around 9% from the current level.
Solana is trading at $160 at time of writing.
According to the crypto analyst, Solana’s potential bullish moves could trigger billions of dollars in liquidations on bearish bets.
“$2.98 billion in short positions will be liquidated if Solana surges to $176!”
Next up is Bitcoin (BTC). Martinez says that the flagship crypto asset must revisit a price last recorded about a month ago for BTC to break above the $73,800 level, the record high.
“Bitcoin must hold above $62,500 to maintain its bullish position and break $66,250 to target new all-time highs!”
Bitcoin is trading at $64,695 at time of writing.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
