Crypto Analyst Says Trump-Linked Altcoin Could Crash 70% From All-Time High, Outlines Path Forward for Cardano, Dogecoin, Avalanche and XRP - The Daily Hodl
A widely followed crypto analyst says that one crypto asset linked to President Donald Trump could see a massive crash while updating his outlook on a handful of altcoins. In a new thread, crypto analyst Ali...
A widely followed crypto analyst says that one crypto asset linked to President Donald Trump could see a massive crash while updating his outlook on a handful of altcoins.
In a new thread, crypto analyst Ali Martinez tells his 153,800 followers on X that World Liberty Financial (WLFI) – a decentralized finance (DeFi) protocol launched by Trump last year – could plunge all the way down to $0.10 after failing to hold support.
“World Liberty Financial WLFI lost $0.20 as support! Now, $0.15 and $0.10 are in play.”
WLFI is trading for $0.167 at time of writing, a 23.2% decrease on the day.
A drop to Martinez’s price point would represent a 70% drop for WLFI from its all-time high price of $0.33.
Moving on to the smart contract platform Cardano (ADA), Martinez says he expects the asset to dip to $0.80 before once again skyrocketing.
“Cardano could see another dip to $0.80 before attempting a bullish breakout!”
Cardano is trading for $0.807 at time of writing, a 3.5% decrease on the day.
Turning his attention toward the meme asset Dogecoin (DOGE), Martinez says he expects the dog-themed token to rise after the Tom DeMark Sequential – a technical indicator that identifies potential points of price reversal – flashed a buy signal.
“TD Sequential nailed the top, and now it just flashed buy on Dogecoin.”
DOGE is valued at $0.212 at time of writing, a 2.75% drop during the last 24 hours.
Martinez then brings up the layer-1 blockchain Avalanche (AVAX), saying that if it can bust through its resistance zone around $27, it could surge all the way to $46.
“$27 is the key resistance for Avalanche. Break it, and $46 comes into play!”
AVAX is trading for $24.68 at time of writing, a 2.8% slide on the day.
Concluding his analysis with the payments altcoin XRP, Martinez says that if the asset fails to hold $2.74 as support, it will dip down to $2.35.
XRP is moving for $2.81 at time of writing, a 1.8% decrease during the last 24 hours.
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