A closely watched cryptocurrency strategist said XRP is giving off the same bullish signals it flashed late last year before sparking a parabolic surge.
Analyst Ali Martinez told his 110,100 followers on social media platform X that XRP could be gearing up for a new rally based on supertrend indicators.
The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on the trend of an asset.
say martinez
“The last time the SuperTrend indicator reversed bullishly on the 12-hour chart, XRP rose 470%… it reversed bullishly again.”
As of this writing, XRP is trading at $2.28.
Turning to Cardano, traders believe that ADA looks poised for a big rally going forward. break out From a bullish continuation pattern on the daily chart.
“Cardano ADA is breaking out of its bullish pennant with $3 target!”
As of this writing, ADA is worth $0.99.
Next up is the top meme coin Dogecoin (DOGE). say It's being gobbled up by investors with deep pockets.
“Whale bought 140 million Dogecoin DOGE [24 hours]! ”
Martinez also noted that traders are currently bearish on Dogecoin, suggesting the meme token may be ready to take on the crowd.
“Dogecoin’s DOGE weighted social sentiment is -0.60, which means the crowd is still very pessimistic about its upside potential. Now might be a good time to be contrarian. do not have!”
At the time of this writing, DOGE is trading at $0.35.
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