dailyhodl.com
A closely followed crypto strategist says $XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge.
Analyst Ali Martinez tells his 110,100 followers on the social media platform X that $XRP may be gearing up for a new leg up based on its SuperTrend indicator.
Says Martinez,
“The last time the SuperTrend indicator flipped bullish on the 12-hour chart, $XRP went up 470%… It just flipped bullish again.”
At time of writing, $XRP is trading for $2.28.
Turning to Cardano, the trader thinks that $ADA looks poised for a big rally after breaking out from a bullish continuation pattern on the daily chart.
“Cardano $ADA is breaking out of a bull pennant, targeting $3!”
At time of writing, $ADA is worth $0.99.
Next up is the top memecoin Dogecoin ($DOGE), which the trader says is being gobbled up by deep-pocketed investors.
“Whales bought 140 million Dogecoin $DOGE in [24 hours]!”
Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be primed to go against the crowd.
“Dogecoin $DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. This might be a good time to be a contrarian!”
At time of writing, $DOGE is trading at $0.35.
Generated Image: Midjourney