Crypto expert Ali Martinez shared his latest assessments regarding risks for three major cryptocurrencies: Solana, Bitcoin, and Ethereum. He highlighted a price level below which significant declines could occur.
Risks for Solana
Ali Martinez indicated that if Solana fails to breakthrough its resistance around $138, it might face a drop of up to 48%. Based on market data, he evaluated the likelihood of Solana retesting its breakout region.
> Ali Martinez: “According to what we know, Solana may be retesting the breakout region; the $65 target is still valid.”
Assessment of Bitcoin and Ethereum
In terms of Bitcoin, Martinez emphasized critical support levels, particularly around $82,024, which should be closely monitored. Data from the analytics platform Glassnode shows significant Bitcoin accumulation at this level. The analyst advised that investors should pay attention to this area during price declines, expressing optimism for BTC.
Regarding Ethereum, the technical analysis tool Tom DeMark Sequential has indicated positive signals on the weekly chart, suggesting potential significant recoveries. Based on market data, the support level of $1,546 for Ethereum has been highlighted as significant.
> Ali Martinez: “For Ethereum, the most critical support level is $1,546, considering that 822,440 ETH have previously accumulated there. This is a level that should be monitored closely.”
Conclusion and Recommendations
Martinez’s comments are based on analyses derived from technical indicators and accumulation data. The various support and resistance levels for these three crypto assets can serve as guidance for investors assessing possible market scenarios. Emphasizing market data alongside technical analysis tools signals the need for caution in investment decisions.
Ali Martinez's risk analysis underscores the importance of carefully examining support and resistance levels for Solana, Bitcoin, and Ethereum. Investors should consider these insights while making decisions in the volatile cryptocurrency market.
