Ali Martinez, a cryptocurrency trader and expert in blockchain technology has a bullish outlook for a memecoin created within the Solana ecosystem (SOL), while also predicting Ethereum (ETH) as well as Chainlink (LINK).
Martinez informs his 134.800 followers via the social media platform X, that the Official Trump memecoin (TRUMP), could be preparing to reverse bullishly based on Tom DeMark’s (TD) sequential indicator signals for the weekly timeframe.
Technical analysis uses the TD Sequential Indicator to determine potential points of trend reversal.
Analysts believe TRUMP will rally around 138% if the price is broken at the point of around $11.96. The price could then reach $17.94. Martinez claims that TRUMP is currently enjoying a strong support at the price of $7.13.
TRUMP’s share price is $7.55 as of the time this article was written, a 27% drop in seven days.
Ethereum is next. Martinez claims that based upon the daily analysis of Ethereum, ETH may drop by as much as 19% before finding the next support level.
Ethereum has fallen by 21% in the past seven days, trading currently at $1,485
Martinez, who is a blockchain analyst and has Chainlink as his focus, says that LINK turned bearish when it failed to remain above an upwards-sloping trendsline in the 3-day timeframe. The analyst believes that Chainlink could fall by as much as 34% from its current price.
Chainlink, at the time this article was written, is currently trading at $11.41, down 16% in seven days.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post, Trader Says Trump’s Solana Based Memecoin Could Explode by 138% Updates on Ethereum and Chainlink Outlook may be updated as new developments unfold.
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