A lot of the crypto market's volatility has returned recently, especially in the final quarter of the year.
Several cryptocurrencies on the market now appear to be teeming with life again, and an upcoming bull run has never been clearer.
On Friday this week, widely followed analyst, Ali Martinez set to work releasing several of the most potentially bullish (and bearish) cryptocurrencies he thought are the best to go looking into.
As it is, we have curated a list of these cryptocurrencies, what he had to say about them, and a few interpretations of our own.
Let's go over the first of these predictions, the first of which is:
According to data provided by CoinMarketCap, Fantom currently trades at around $0.42 at the time of writing, after a not-too-bad 16% performance over the last week.
According to Ali, Fantom has failed to rise higher than the $0.45 zone, because there is a fairly strong resistance here.
This is unsurprising because $0.45 is a round number, and as such, serves as a significant psychological resistance.
Ali explained that according to the distribution of Fantom tokens around the gainers and losers, over 1,430 addresses hold 657.60 million $FTM accumulated between $0.46 and $0.46.
Because of this, the $0.45 – $0.46 zone serves as a significant resistance point, and may be hard to break.
If it does break, however, we could see a 45% rally, as Fantom aims for $0.65.
According to Ali, Cardano has a real chance of hitting $0.7 soon, if it establishes a "sustained close" above $0.638.
Cardano's price action, however, throws some sand in the eyes of this prediction:
According to CoinMarketCap, Cardano is only a hair length above $0.6 and is way under this $0.63 zone that Ali speaks of.
Ali says that if Cardano shows any weakness around $0.613, we could see the cryptocurrency's bullish momentum "dampened".
Cardano's price action appears to be lagging slightly, leading to concerns about a possible pullback from here.
This one may be slightly more bearish than investors bargained for.
According to Ali, since June 2023, the TD Sequential indicator has been predicting sell scenarios on MANA's weekly chart a little too well.
Ali stated plainly, that this indicator is now showing a sell signal, and that MANA may be preparing for a price correction.
According to CoinMarketCap, this prediction is already happening.
MANA is down by about 4% over the last day and by 7.22 over the last week.
This means that investors should stay away from MANA for now, at least until it starts to show some bullish signals again.
Referring to VeChain as the "forgotten Chinese Ethereum", Ali opined that the cryptocurrency is displaying similarities with the consolidation phase we saw in 2018-2020.
If this is anything to go by, Ali says that VeChain could break through the $0.033 resistance within the next two weeks, putting the cryptocurrency's price at a 150% price increase to $0.077 by late January.
According to CoinMarketCap, VeChain currently trades at $0.029 and is up by 7.5% over the last day.
According to Ali, Shiba Inu has been trading inside a descending channel since 2022.
CoinMarketCap data shows that Siba Inu currently trades at around $0.000009641.
Ali also says that the $0.000011 zone is an important level to keep an eye out for, because a "decisive weekly close" above this level may mean that Shiba Inu is finally ready to retake $0.000014.
Ali also warns that any price weakness in Shiba Inu's standing may result in a dip straight down to $0.000008 before Shiba Inu reattempts this bullish breakout.
In essence, this presents a "double-edged" argument for the future of Shiba Inu.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.