en.bitcoinsistemi.com
Experienced cryptocurrency analyst Ali Martinez evaluated the altcoins Ripple ($XRP), Shiba Inu ($SHIB) and Optimism (OP) in his latest analysis.
According to the analyst, the $XRP price is moving within an ascending parallel channel. Martinez argues that after a rejection at the middle line of the channel, the $XRP price could retreat to around $0.55, the lower limit of the channel.
However, talking about Shiba Inu, the analyst thinks that $SHIB may be showing signs of a bullish breakout. According to the analyst, if $SHIB price can hold the critical support level at $0.0000103, the next target for the token could be $0.0000140.
Speaking about the OP altcoin, the analyst argues that the coin has a vital resistance zone between $ 2.17 and $ 2.30. According to the analyst, 27,000 addresses have accumulated 45.6 million OP tokens in this range. OP price is trading at $2.10 at the time of this writing.
According to the analyst, if there is a sustainable close above this vital range, this may signal a breakout in favor of the bulls and the OP price may begin a journey towards $2.70.