The Crypto Market Turns Green — Analyst Ali Martinez Highlights 3 Altcoins Poised to Shine
Jakarta, Pintu News – The crypto market is starting to show signs of recovery after a long period of consolidation. As positive sentiment returns among investors, a number of digital assets are stealing the spotlight due to their technical potential and strong price momentum.
Renowned crypto analyst Ali Martinez highlighted three altcoins that he believes are in an important phase and could potentially lead the next rally.
Sei (SEI)
Based on the 4HR chart of Sei displayed by technical analyst @alicharts, the SEI crypto asset is showing a strong potential rebound after experiencing previous price pressure.
Also read: Cardano’s Midnight Token Breaks New Record High After 50% Rally
The chart shows that SEI’s price briefly dropped to around $0.105, but then there was a buy signal from the TD Sequential indicator (number 9), which usually signals the potential end of a short-term downtrend.
In addition, the RSI (Relative Strength Index) indicator shows a bullish divergence, where the RSI forms an up position while the price is still moving down. This pattern is often interpreted as a sign of weakening selling pressure and a potential change in direction towards an uptrend.
The combination of the TD buy signal and the RSI divergence is a technical indication that positive momentum is starting to build, with the last price on the chart showing an increase to around $0.112.
As such, this analysis implies that SEI has the potential to continue its strong rebound in the near term, as long as selling pressure does not return to dominate and the support level around $0.105 remains firm.
Solana (SOL)
Based on the 1-hour chart (1HR Chart) for Solana shared by technical analyst @alicharts, it can be seen that the SOL price is currently at a crucial point defined by the resistance trendline.
Over the past few days, SOL price has continued to form a pattern of lower highs, signaling consistent selling pressure since the price briefly hovered around $144.9. The downtrend line connecting these peaks is now the main battle area between sellers and buyers.
The last price seen on the chart was around $125.20, close to the resistance line that has been holding back any price increase attempts. If SOL manages to break this trend line with strong volume, it could signal the beginning of a reversal towards the short-term uptrend.
However, if it fails to break and is rejected again, the potential for a further decline towards the $123 area or lower remains open.
Also read: Solana Price Depends on the Current SOL Holder, Here’s Why!
Monero (XMR)
Based on the Monthly Chart for Monero (XMR) shared by technical analyst @alicharts, the price of XMR is currently retesting a strong resistance area around the $470-$530 level – a price zone that was previously a major turning point for Monero twice.
On two previous occasions (around 2018 and 2021-2022), every time the price reached this range, Monero experienced a sharp rejection and entered a significant correction phase. Now, the price is approaching the same level again after a long recovery period from the $160 range, even dropping to near $59.
This latest upward momentum suggests that XMR is in an important testing phase, where the outcome will determine the next direction of the long-term trend. If the price manages to break and hold above $530, it could signal a major shift towards a multi-year bullish phase.
However, if the historical pattern repeats and this resistance again holds the price movement, the potential for a reversal or downward correction is again open.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
