Crypto analyst Ali Martinez has shared technical analyses regarding recently notable altcoins in the market, specifically focusing on BERA, XRP, and SUI.
He suggests that significant value increases may occur if these assets surpass critical resistance levels. Of particular interest is the newly launched BERA token, which has sparked rising expectations. For XRP and SUI, cautious optimism is emphasized through attention to specific chart formations.
BERA Could Jump by 70% If Resistance is Surpassed
The native token of the Berachain ecosystem, BERA, has managed to enter the radar of investors despite trading for a short period. The project’s mainnet became active last month, and the BERA token has gained 65% in value over the past two weeks. Currently trading at around $8.23, this altcoin has reached the upper limit of a channel defined in technical analyses.
According to Ali Martinez, if BERA surpasses this critical resistance level, the price could potentially rise to $14, indicating around a 70% increase. His comments point to the need for investors to closely monitor short-term price movements. If market conditions support it, BERA may become a focal point for investors in the coming days.
Concerns Over XRP’s “Head and Shoulders” Pattern
In the analysis of XRP, a notable chart formation stands out. Martinez notes that XRP is forming a “head and shoulders” pattern on its daily chart. While this formation is typically viewed as a bearish signal, he states that a 38% upward move could be possible if the price breaks above the $3 resistance level.
Currently trading at $2.18, XRP faces the risk of dropping below $1.30 if it loses support levels. This scenario presents a dual outlook for investors. Decisions made through technical analysis, combined with market sentiment and volume, may yield healthier results.
Hope for Rising Prices in SUI Continues
Sui, which stands out among Layer-1 projects, has recently garnered attention with its native token, SUI. According to Martinez, if past positive momentum is maintained, SUI may exhibit an additional 28% increase. This analysis is particularly based on signals from the TD Sequential indicator, which has recently indicated upward movement.
Target prices for SUI are set at $2.88 and $3.25, while the token is currently trading at $2.53. For investors, these levels represent significant technical thresholds that should be monitored in the short term. Evaluating SUI’s potential may become possible with overall market activity and positive news flow.
