en.bitcoinsistemi.com
Experienced cryptocurrency analyst Ali Martinez evaluated Cardano ($ADA), Worldcoin ($WLD) and Shiba Inu ($SHIB) in his statement.
Martinez said it was a dream come true for the bulls as the price of $ADA traded above $0.60. The analyst claimed that the path is clear for the $ADA price to rise as there is no significant resistance level ahead.
According to the analyst, the next hurdle for Cardano could be the region between $0.80 and $1.
However, Martinez explained that Worldcoin has interesting on-chain activities. According to the analyst, the massive transfer of 3.6 million $WLD from cryptocurrency exchanges occurred simultaneously with whale activities. The analyst argues that this indicates that whales may be preparing for a large price move in the $WLD price.
On the other hand, the analyst also talked about Shiba Inu ($SHIB). Martinez argued that since September 2022, the $SHIB price has been trading in a downward parallel channel. However, according to the analyst, $SHIB is currently struggling with a critical resistance to surpass the $0.000011 level, which is the upper limit of this channel.
The analyst argues that if there is a weekly close above this level, it will be a bullish signal and $SHIB price may begin a journey towards $0.000014. However, in case of a rejection at this level, the analyst thinks that there may be a return to $ 0.000008.
*This is not investment advice.