Crypto Trader Says Top Dogecoin and Shiba Inu Rival Could Crash 70%, Updates Outlook on Bitcoin and Solana
Cryptocurrency analyst and trader Ali Martinez is warning that a top memecoin could plunge significantly 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 below the lower boundary of a parallel channel it has been trading in for almost a year.
“Since March 2024, Pepe tends to drop to the lower support trend line and then it rises to the upper resistance trend line. From this level, Pepe tends to drop back to the lower support trend line and from here it rebounds again. But today, Pepe broke below the support trend line. Now a spike in selling pressure could push Pepe into a 70% price correction towards $0.00000316.”
