CandleFocus Trader Says XRP Rival Forming Pattern That Could Trigger 300% Price Explosion, Updates Outlook on Bitcoin
2025-03-07
Author: Content Editor
Crypto analyst and trader Ali Martinez is optimistic about the future of Stellar (XLM), a large-cap crypto project focused on payments and cross-border transactions. Martinez believes that Stellar is forming a bullish pattern on the three-day chart and could potentially increase by almost four times from a major resistance level. He suggests that a sustained break above the $0.42 resistance could trigger a bull run to $1.60, representing a 300% price increase. In regards to Bitcoin (BTC), Martinez notes that the largest crypto asset is displaying a bullish reversal signal based on historical trends. He also highlights the significant amount of BTC being withdrawn from exchanges in the past two weeks and the bullish sentiment shown by whales, who have bought over 20,000 Bitcoin since its dip below $88,000 on February 24th. At the time of writing, Stellar is trading at $0.304, while Bitcoin is trading at $91,737.
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