Cryptocurrency analyst Ali Martinez evaluated the altcoins Solana (SOL) and Cardano (ADA) in his latest analysis published for his followers.
In his statement, Martinez claimed that Solana was approaching the top of an ascending triangle formation on its 12-hour chart. According to the analyst, although this model seems positive for SOL, it is useful to be careful.
The analyst suggested that if SOL, which was traded at $65.07 at the time of writing this article, makes a permanent close above $68.2, a bull attack could occur around $90. However, the analyst warned about the $60 level. According to Martinez, if there is weakness around this level, whales could take profits and the SOL price could drop to around $47.
Martinez, who also made comments about Cardano, claims that the ADA has taken action. According to the analyst, ADA price shows its price movement during the 2018-2020 period. Martinez thinks that if this model continues, the ADA price may soon exceed the $0.45 threshold. Following this, Ali Martinez made an ambitious prediction, arguing that there may be a potential rally towards $0.75 at the end of December.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/popular-analyst-evaluates-cardano-ada-and-solana-sol-price-what-is-the-future-of-ada-and-sol/