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"Analyst Martinez Spots Altcoin Breakout, Predicts Cardano's Parabolic Rally"

Coin WorldFriday, Feb 14, 2025 4:08 pm ET
1min read

Crypto analyst Ali Martinez has identified a promising altcoin and shared his outlook on Cardano (ADA), highlighting potential opportunities in the crypto market. Martinez, with a following of 125,200 on the social media platform X, believes that Onyxcoin (XCN), the utility token of the Onyx layer-3 blockchain, is consolidating in a descending triangle pattern and could be gearing up for the next leg up. In technical analysis, a descending triangle is considered bullish if the price breaks out from above the descending trend line.

XCN is currently trading at $0.0247, up by 920% from its January 16th low of $0.00242. Martinez also discussed Cardano, noting that ADA is mirroring a pattern that previously resulted in a 2,600% rally. He suggests that Cardano could soon experience a parabolic rally, potentially reaching a price of around $15, which would represent a gain of approximately 1,820% from the current level. ADA is currently trading at $0.781.

Turning to Bitcoin (BTC), Martinez highlighted that the flagship digital asset is facing stiff resistance at the price of $97,350. He warned that Bitcoin is at risk of a steep fall if it corrects to around the $92,110 level, as support below this point is weak, with a significant gap between $90,000 and $70,000. BTC is currently trading at $96,155.

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applesandpearss
02/14
If XCN pumps, layer 3 blockchain might get some love. Onyxcoin utility token could be the sleeper hit. 🤑
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Running4eva
02/14
Cardano's ADA mirroring a 2,600% rally pattern? HODL tight, fam. Could see $15 soon. Not financial advice, just vibes.
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Electrical_Green_258
02/14
Cardano's got that 2k% vibe brewing, just like before. Gonna hodl and see if it hits that sweet $15 zone. 🚀
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GnosticSon
02/14
BTC facing resistance at $97,350. Warning: if it drops to $92,110, it might get ugly. Gotta keep an eye on that gap.
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Fauster
02/15
@GnosticSon Think BTC's got support at $92,110?
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krogerCoffee
02/14
XCN's got that sweet descending triangle vibe. Breakout could mean moon 🚀. Not touching that diamond hands stash yet though.
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