Cryptocurrency analyst Ali Martinez, known for his expertise in the field, has shared his technical analysis indicating a potential price increase for three cryptocurrencies. Martinez believes that VeChain (VET), Injective (INJ), and Polygon (MATIC) are likely to experience a bullish breakout in the near future.
Martinez’s analysis reveals that VeChain is following a similar pattern to the previous bull cycle, where the cryptocurrency retests the upper limit of a parallel channel before entering an upward breakout. As of now, the price of VET stands at US$0.03688, reflecting a 3.0% increase in the last 24 hours and a 5.9% increase over the past week.
The expert also highlighted Injective, noting that the last two TD Sequential buy signals on the cryptocurrency’s weekly chart resulted in impressive bull runs of 700% and 555%. Martinez points out that another buy signal has emerged, indicating that INJ may rise once again. The current price of Injective is US$25.59, showing a 2.8% increase in the last 24 hours and a notable 13.3% increase in the last two weeks.
Turning to Polygon, Martinez emphasized that the cryptocurrency has the potential to reach an important four-candlestick high. The TD Sequential has presented a buy signal on the MATIC weekly chart, suggesting that Polygon may experience a rise of one to four weekly candles. At present, the price of Polygon is quoted at US$0.739, with a 2.8% increase in the last 24 hours and a 5.4% increase over the past week.
It is important to note that the views and opinions expressed by Martinez, or anyone mentioned in this article, are solely for informational purposes and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries a risk of financial loss.
In other news, following its recent highs, memecoin PEPE has caught up with Bitcoin and Ethereum in terms of trading volumes. Additionally, the Solana (SOL) cryptocurrency has been listed on HashKey Global, further expanding its presence in the market.