In a recent analysis, Ali Martinez provided insights into the new levels for altcoins Avalanche (AVAX), SUI, Dogwifhat (WIF), and Solana
$
197(SOL). Martinez emphasized that surpassing the $27 level in AVAX could pave the way for reaching the $32–$37 range. He noted that a bullish retest is complete in SUI, directing the focus to the $7 mark. WIF is currently caught in a triangular formation, potentially reaching $2 upon a breakout. SOL, on the other hand, could experience a slight pullback before heading towards a $360 target.
AVAX and SUI: Key and Target Levels
Martinez highlighted the significance of AVAX pricing above $27, indicating that surpassing this threshold could open a clear path to $32 and $37, supported by a TradingView chart from August 13. He recommended caution with any closures below this threshold and concentrated solely on these identified levels.
AVAX
Concerning the altcoin SUI, Martinez indicated that the bullish retest was finalized, setting the target at $7. The analysis shows that momentum could continue after overcoming intermediate resistance levels. According to CryptoAppsy data, AVAX and SUI were trading at $25.21 and $3.84, respectively, with decreases of 0.39% and 4.07% in the last 24 hours.
Insights on WIF and SOL Price Predictions
Martinez observed that WIF is consolidating within a triangular formation. A breakout towards the upside could bring the $2 mark into focus. The shared chart depicts the boundaries of this formation and indicates the potential target range for an upward exit.
Dogwifhat
Regarding SOL, Martinez supports the $360 target, pointing out that a limited retracement could offer a buying opportunity. His forecast is based on a trend and horizontal resistance observed in a 12-hour timeframe. The level structure monitored indicates the importance of intermediate stops on the path to the target.
Solana
CryptoAppsy data showed that in the past 24 hours, WIF and SOL experienced declines of 8.67% and 4.16%, trading at $0.9342 and $197.05, respectively. This highlights the fluctuating nature of the altcoin market and the pivotal levels outlined by Martinez.