en.bitcoinsistemi.com
Cryptocurrency analyst Ali Martinez examined the current status of major crypto assets such as Bitcoin, $XRP and $PEPE in his latest statement.
According to Martinez, the Bitcoin price is stuck between some critical price levels. According to the data, there is a demand wall of 1.43 million $BTC between $ 94,660 and $ 97,660, and a supply wall of 1.16 million $BTC between $ 97,650 and $ 99,470. According to the analyst, breaking one of the barriers on both sides could lead to a change in the trend.
However, the analyst said that the most critical support level for Bitcoin is $93,300 according to the MVRV price bands.
Speaking about Solana, the analyst said that the SOL price continues to trade within a parallel channel, which could support a jump towards $225 or even $260. On the other hand, the analyst reported that losing the $190 support would weaken this bullish outlook.
Regarding $PEPE, Martinez argued that if the token holds the $0.0000092 level, a bounce could occur, but if there is a drop below this level, a path towards $0.0000032 could open.
Finally, speaking about $XRP, the analyst claimed that the coin is currently forming a cup-handle formation and that if there is a breakout from this pattern, a move to $3.35 could be observed.
*This is not investment advice.