Crypto analyst Ali Martinez has shared technical analyses regarding notable altcoins in the market, focusing on BERA, XRP, and SUI. He suggests that significant value increases may occur if these assets surpass critical resistance levels.
BERA Could Increase by 70%
The native token of the Berachain ecosystem, BERA, has managed to enter the radar of investors despite trading for a short period. The project's mainnet became active last month, and the BERA token has gained 65% in value over the past two weeks. Currently trading at around $8.23, this altcoin has reached the upper limit of a channel defined in technical analyses. According to Ali Martinez, if BERA surpasses this critical resistance level, the price could potentially rise to $14, indicating around a 70% increase.
Concerns Over XRP’s “Head and Shoulders” Pattern
In the analysis of XRP, a notable chart formation stands out. Martinez notes that XRP is forming a 'head and shoulders' pattern on its daily chart. While this formation is typically viewed as a bearish signal, he states that a 38% upward move could be possible if the price breaks above the $3 resistance level. Currently trading at $2.18, XRP faces the risk of dropping below $1.30 if it loses support levels.
Hopes for Rising Prices in SUI
Sui, which stands out among Layer-1 projects, has recently garnered attention with its native token, SUI. According to Martinez, if past positive momentum is maintained, SUI may exhibit an additional 28% increase. This analysis is particularly based on signals from the TD Sequential indicator, which has recently indicated upward movement. Target prices for SUI are set at $2.88 and $3.25.
The analysis of BERA, XRP, and SUI altcoins shows potential value increases at certain technical levels. Investors are advised to closely observe these levels to respond timely to market changes.
