Renowned crypto analyst Ali Martinez has recently shared his insightful evaluations on key cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Solana (SOL), and Hyperliquid (HYPE). Sharing detailed charts on his X account, Martinez indicates that despite short-term volatility, the market is nearing significant breakpoints.
Bitcoin and Ethereum’s Critical Juncture
According to Martinez, Bitcoin continues to trade within an expanding formation. The analyst warns that if the current structure is confirmed, a sharp correction could follow a new peak. Currently trading around $110,000, Bitcoin could rise to $126,000 before retracting to the $80,000 zone. This scenario highlighted by Martinez is seen as a strong indication that the market has not yet completed its peak formation.
For Ethereum, the outlook appears more promising. Martinez believes that if ETH can recover from around $3,800 and breach the $4,900 resistance, a surge could commence, potentially extending up to $8,000. This scenario suggests the beginning of a phase where investors might regain risk appetite, especially in the medium term.
According to data from CryptoAppsy, BTC and ETH are trading at $107,450 and $3,715, respectively, with declines of 2.88% and 4.60% in the last 24 hours.
Opportunities and Threats in Altcoins
Martinez characterizes the $15 area for Chainlink as a “golden buying zone,” predicting that if the price finds support here, a breakout up to $100 could occur. On the Solana front, it is emphasized that unless the price exceeds $200, the bullish momentum will remain weak. The analyst notes that if SOL clears this threshold, it might gain momentum up to $260; otherwise, a retreat below $150 seems inevitable.
The outlook for Hyperliquid is more cautious. Martinez suggests that if the head and shoulders pattern becomes prominent on the chart, the price might decline to the $20 level. This analysis reveals that while the market has not yet made a definitive directional choice, technical pressure is increasing.
With current data, LINK, SOL, and HYPE, influenced by the general market downturn, have decreased by over 3% in the last 24 hours.