In his latest statement, cryptocurrency analyst Ali Martinez assessed the future of Bitcoin, Ethereum, Cardano, and PEPE, highlighting important levels and potential prospects.
Bitcoin Prospects by Ali Martinez
According to Martinez, 119,400 BTC were accumulated by whales at $97,800, which could act as critical resistance for Bitcoin. At the time of writing, Bitcoin is trading at $97,530.
Analysis of Ethereum and Cardano
Speaking about Ethereum, the analyst noted that investors 'seem to be worried' about the Ethereum price not being able to break $3,000. A move above this level could bring back lost confidence. Regarding Cardano, Martinez stated that the ADA price may be performing a slow version of the price action from 2020 to 2021, potentially igniting a parabolic rally.
Potential of PEPE Memecoin
The analyst claimed that the TD Sequential indicator shows signs of a potential bounce in the PEPE price. At the time of writing, PEPE is trading at $0.000009824 and has lost 1.85% in the last week.
Ali Martinez's assessment of the cryptocurrency situation underscores the importance of key levels and potential movements for various cryptocurrencies, including Bitcoin, Ethereum, Cardano, and PEPE.
