Veteran crypto analyst Ali Martinez has shared critical price levels and expectations for popular altcoins including Cardano $0.80622 ( ADA ), Mantle (MNT), Pengu (PENGU), Ethena (ENA), and Ripple $3 ‘s XRP. Based on the technical indicators highlighted by the analyst, an upward trend is indicated for some altcoins while a downward trend seems possible for others.
Cardano and Mantle Insights
According to Martinez’s analysis, the $0.88 level is crucial for Cardano. Exceeding this threshold is important for the price to potentially rise toward $1.20. The analyst’s price chart suggests a bullish target of $1.20 if this level is surpassed.
For Mantle, the price has retraced from the upper boundary of the channel. Martinez highlighted the significance of $0.58 as a support level for the MNT coin, indicating that the price might decline to this level.
As of the article’s preparation, ADA was trading at $0.8380, up 1.33% in the last 24 hours, while MNT was down 1.09%, trading at $1.17.
Key Levels for Pengu, Ethena, and XRP
In his assessment of the altcoin Pengu, Martinez noted that the current pullback occurred before a potential new upward movement. The analyst emphasized that September could be an active month for this cryptocurrency.
For Ethena, Martinez shared that the levels of $0.68 and $0.60 stand out. The ENA coin is consolidating within a triangle formation, and a break at the formation thresholds will determine the price direction.
On the other hand, Martinez stressed that the $2.77 level for the popular altcoin XRP must be maintained. If the price falls below this level, it could decline to $2.40.
Based on current data, PENGU, ENA, and XRP were trading at $0.0289, down 3.05%; $0.6474, down 4.82%; and $2.80, down 0.92%, respectively, at the time of the article’s preparation.
