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    Home»Altcoins»Crypto Dealer Says Prime Dogecoin and Shiba Inu Rival May Crash 70%, Updates Outlook on Bitcoin and Solana – The Day by day Hodl
    Crypto Dealer Says Prime Dogecoin and Shiba Inu Rival May Crash 70%, Updates Outlook on Bitcoin and Solana – The Day by day Hodl
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    Crypto Dealer Says Prime Dogecoin and Shiba Inu Rival May Crash 70%, Updates Outlook on Bitcoin and Solana – The Day by day Hodl

    By Crypto EditorMarch 1, 2025No Comments3 Mins Read
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    Cryptocurrency analyst and dealer Ali Martinez is warning {that a} high memecoin may plunge considerably amid the market downturn.

    Martinez tells his 128,900 followers on the social media platform X that Pepe (PEPE) is “about to crash” after breaking down under the decrease boundary of a parallel channel it has been buying and selling in for nearly a 12 months.

    “Since March 2024, Pepe tends to drop to the decrease help development line after which it rises to the higher resistance development line. From this degree, Pepe tends to drop again to the decrease help development line and from right here it rebounds once more. However in the present day, Pepe broke under the help development line. Now a spike in promoting stress may push Pepe right into a 70% value correction in the direction of $0.00000316.”

    Crypto Dealer Says Prime Dogecoin and Shiba Inu Rival May Crash 70%, Updates Outlook on Bitcoin and Solana – The Day by day Hodl
    Supply: Ali Martinez/X

    A parallel channel means that an asset is buying and selling in an uptrend, printing increased highs and better lows. A break under the diagonal trendline of the channel signifies that the uptrend has been invalidated.

    Pepe is buying and selling at $0.00000769, down 73% from the all-time excessive value of $0.00002803 reached in December of 2024.

    Subsequent up is Bitcoin (BTC). Martinez says that the shifting common convergence divergence (MACD) indicator is flashing a bearish sign for Bitcoin within the weekly timeframe. The MACD is an indicator used to find out development path and determine adjustments in momentum utilizing the variations within the short-term and long-term exponential shifting averages.

    “Each time the MACD has a bearish crossover on the weekly chart, Bitcoin has traditionally seen a median 40% correction. The MACD simply flashed one other bearish crossover!”

    Image
    Supply: Ali Martinez/X

    Bitcoin is buying and selling at $81,645 at time of writing.

    Turning to Solana (SOL), Martinez says that SOL should “defend” the crypto asset’s help degree at round $125. Based mostly on Martinez’s chart, it seems he’s suggesting that if the $125 help degree fails to carry, Solana may plummet to under $70.

    Image
    Supply: Ali Martinez/X

    Solana is buying and selling at $143 at time of writing.

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    Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate internet marketing.

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