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A closely followed crypto strategist says XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge. Analyst Ali Martinez tells his 110,100 followers on the social media platform X that XRP may be gearing up for a new leg up based on its SuperTrend indicator. The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on an asset’s trend. Says Martinez, “The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%… It just flipped bullish again.” Source: Ali Martinez/X At time of writing, XRP is trading for $2.28. Turning to Cardano, the trader thinks that ADA looks poised for a big rally after breaking out from a bullish continuation pattern on the daily chart. “Cardano ADA is breaking out of a bull pennant, targeting $3!” Source: Ali Martinez/X At time of writing, ADA is worth $0.99. Next up is the top memecoin Dogecoin ( DOGE ), which the trader says is being gobbled up by deep-pocketed investors. “Whales bought 140 million Dogecoin DOGE in [24 hours]!” Source: Ali Martinez/X Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be primed to go against the crowd. “Dogecoin DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. This might be a good time to be a contrarian!” Source: Ali Martinez/X At time of writing, DOGE is trading at $0.35. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Nigeria’s SEC Warns Crypto License Applicants: Meet Registration Requirements or Face Rejection
The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that some virtual asset service provider (VASP) license applicants do not meet the regulator’s requirements and will The Daily Hodl
As the US Prepares for a Bitcoin Sale, a State Introduces a Landmark Bill for BTC and Cryptocurrencies!
As work on a strategic Bitcoin reserve continues in the United States, Oklahoma Republican Senator Dusty Deevers has introduced a bill that would allow employees and residents in the state to receive their salaries in Bitcoin and allow merchants to accept BTC payments. The “Bitcoin Freedom Act,” introduced to the Oklahoma legislature by Senator Dusty Deevers, aims to provide an alternative to the inflation-stricken U.S. dollar by giving employees and merchants in the state the option to transact with Bitcoin. Deevers said the following about his proposal in a statement: “At a time when inflation is reducing Oklahomans’ purchasing power, Bitcoin (BTC) presents a unique opportunity for people to protect their earnings and investments. The bill ensures that participation is entirely voluntary, respects free market principles and allows employees, employers and businesses to choose their own payment options.” Senator Deevers also praised Donald Trump’s pro-Bitcoin campaign, saying, “There’s a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at major Bitcoin events. Bitcoin has entered the mainstream of our economy and is undoubtedly an important part of the financial future.” The Bitcoin Freedom Act, introduced by Dusty Deevers, is expected to be taken up in the 60th legislative session that begins on February 3. In May of last year, the state of Oklahoma took a significant step by passing a bill that guarantees residents the right to self-custody their digital assets. *This is not investment advice. Continue Reading: As the US Prepares for a Bitcoin Sale, a State Introduces a Landmark Bill for BTC and Cryptocurrencies! The Daily Hodl
