A widely followed crypto analyst says that meme asset Dogecoin (DOGE) is facing a crucial turning point while updating his outlook on a handful of other altcoins.

In a new thread, crypto trader Ali Martinez tells his 138,500 followers on the social media platform X that resistance around the $0.26 level is key for the dog-themed digital asset.

The trader shares a chart suggesting that $0.26 is a price area that appears to be a trend shift level for DOGE.

“This level remains the most important resistance wall for Dogecoin.”

Dogecoin is trading for $0.22 at time of writing, a 3.3% decrease during the last 24 hours.

Moving on to smart contract platform Solana (SOL), Martinez says that a breakout past $186 could trigger an exponential rally that sends the asset shooting past a $3,000 price tag.

“A breakout here could trigger a parabolic bull run for Solana!”

Solana is trading for $172 at time of writing, a 2.6% decrease on the day.

Turning his attention to the payments platform Stellar (XLM), Martinez says that it could witness a correction after moving below a diagonal support.

“XLM could be breaking out of an ascending channel, potentially targeting $0.26!”

XLM is trading for $0.28 at time of writing, a 1.5% decrease on the day.

Concluding his analysis with the native asset of the layer-1 platform Toncoin (TON), the analyst notes that it too looks to be on the cusp of breaking down of a symmetrical triangle pattern.

In technical analysis, a move below the diagonal trendline of a triangle pattern suggests that an asset is primed for corrective moves.

“Watch out! Toncoin could be breaking out of a symmetrical triangle.”

TON is trading for $3.00 at time of writing, a fractional increase on the day.

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Market sentiment around the XRP price is flipping bullish as technical indicators and recent chart movements suggest a promising upward trajectory over the next three months. With momentum building, a crypto analyst is now eyeing a potential rally that could push XRP as high as $36. 

According to a new prediction posted by crypto analyst Dark Defender on X (formerly Twitter), the XRP price is gearing up for a potentially explosive surge to $36. 

XRP Price Forecasted To Reach $36

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Dark Defender’s three-month candlestick chart applies the Elliott Wave Theory, mapping out a five-wave bullish structure. The analysis shows that Waves 1 and 2 have already played out, and XRP now appears to be entering Wave 3, which is typically seen as the strongest and longest wave. 

If this Wave 3 pattern holds, XRP could be on the verge of its most powerful rally yet. According to Dark Defender, the upside target could reach as high as $36.76, representing a staggering 423.6% increase. 

Before XRP reaches this projected price level, Dark Defender has forecasted short—to long-term bullish targets for the cryptocurrency. In the short term, XRP could reach $3.33, with a mid-term goal of $5.85. 

Additional milestones along the way include key percentage gain levels that may act as interim resistance zones. A 161.8% gain points to a potential price of around $13.81, while a 261.8% surge suggests a move toward $18.96. If momentum continues, the token could push further to $26.87, aligning with a 361.8% increase. 

On the downside, support levels at $2.3620 and $2.222 are expected to act as strongholds in case of any retracement before continuation. Moving forward, Dark Defender has doubled down on his bullish stance on XRP’s future outlook, referencing a tweet dated March 17 that boldly declared, “XRP is extremely bullish.”

Clear Path Ahead For The Altcoin As Resistance Thins Out 

In an X post released on May 13, Ali Martinez, a prominent crypto analyst, disclosed that on-chain data from Glassnode shows a clear bullish path for XRP, with no signs of major resistance clusters ahead. The analysis based on the UTXO Realized Price Distribution (URPD) indicates that a significant portion of XRP tokens were last moved at lower price levels. 

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The chart also highlights a significant support zone at $2.38, where nearly 1.85 billion XRP, amounting to 2.92% of its supply, were last transacted. This concentration of holders could serve as a psychological and technical support level if the market pulls back. Moreover, the absence of large token holdings at higher price ranges suggests that the price could experience a smoother ascent, unburdened by major resistance from profit-takers.

Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by market cap could crash to as low as $78,000. 

Bitcoin Price Forming Head And Shoulders Pattern 

In a TradingView post, Melika Trader revealed that the Bitcoin price is forming a complex head-and-shoulders pattern. He remarked that the left shoulder and double head had already formed while the right shoulder is currently forming, with BTC at risk of suffering a massive crash once this happens. 

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As part of the expected move, Melika Trader suggested that the Bitcoin price could show a possible fake breakout above the resistance between $87,000 and $88,000. Once that happens, the analyst predicts that a strong drop will follow, with BTC dropping to as low as $78,000, which is the first support area. 

The Bitcoin price has surged past the $90,000 mark on the back of the US Dollar dropping to new lows and has continued to reach new highs, leading to optimism that it could soon reclaim $100,000. There is the possibility that BTC could still rally to as high as $98,000 before any massive correction.

Crypto analyst Ali Martinez revealed that on-chain data shows that the next key area of resistance for the Bitcoin price is between $95,600 and $98,290. That range acts as a major supply wall, as 1.65 million addresses bought 1.09 million BTC around that area. Bitcoin’s next move will depend on whether these holders choose to hold or offload their coins as soon as it reclaims this range. 

However, it is worth mentioning that crypto whales are actively accumulating BTC, which is bullish for the Bitcoin price. Martinez revealed that over 17,000 BTC have been withdrawn from exchanges in the past week. 

BTC Eyeing Rally To A New All-Time High

Crypto analyst Titan of Crypto has predicted that the Bitcoin price could soon rally to as high as $137,000, marking a new all-time high (ATH) for the leading crypto. He stated that BTC has finally broken out of a bull pennant, with two strong consecutive daily bullish candles, confirming this move. The analyst added that the projected target is $137,000 if this bull pennant is confirmed. 

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Crypto analyst Egrag Crypto stated that a daily close above $93,000 will send a strong bullish signal, while raising the possibility of BTC rallying above $100,000. He claimed that any retracement fears will be eliminated if the leading crypto closes above $103,000. 

At the time of writing, the Bitcoin price is trading at around $93,000, up over 5% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com