Trader Says Newly Launched Altcoin About To ‘Open the Gates’ to 70% Rally, Updates Outlook on XRP and SUI
Cryptocurrency trader and analyst Ali Martinez is leaning bullish on an altcoin that’s less than two months old while unveiling his forecast for XRP (XRP) and Sui (SUI). Martinez tells his 134,300 followers on the social media platform X that the native token of Berachain (BERA), the newly launched crypto project focused on decentralized finance (DeFi), could go up by up to 70% if the altcoin manages to break above a key resistance level. “Berachain is up 65% in the past two weeks and is now testing the upper boundary of this channel. A breakout here could open the gates to $14!” Source: Ali Martinez/X Berachain, whose mainnet was launched early last month, is trading at $8.23 at time of writing. Next up is XRP. According to Martinez, the payments-focused altcoin is currently forming a head-and-shoulders pattern on the daily time frame. A head-and-shoulders pattern is typically considered bearish as it suggests that an asset is unable to sustain its ...