Trader Says Large-Cap Ethereum Competitor Could Explode 2x After Overcoming Major Resistance Level, Unveils Targets for XRP, Dogecoin and Sui
A widely followed crypto analyst says that one large-cap rival of Ethereum ( ETH ) is poised to double up in price if it can break through a crucial resistance level while updating his outlook on other altcoins.
In a new thread, crypto trader Ali Martinez tells his 158,700 followers on X that the smart contract platform Solana ( SOL ) could explode all the way up to $520 if it has a weekly close over $260.
“A weekly close above $260 could ignite a Solana SOL bull rally to $520.”
Source: Ali Martinez/X
However, according to the trader’s chart, an event like this wouldn’t happen until mid-2026 or 2027. Solana is trading for $230 at time of writing, a 1.9% rise during the last 24 hours.
Moving on to XRP , the digital asset associated with the payments platform Ripple, Martinez says the token appears as if it’s about to break out of a triangle, looking to hit a price tag of $3.60 sometime near the end of October.
“XRP looks set to break out of a triangle, with $3.60 as the target.”
Source: Ali Martinez/X
XRP is valued at $3.05 at time of writing, a 3% rise on the day.
Next up, Martinez brings up the popular meme asset Dogecoin ( DOGE ), noting that it’s still in its accumulation phase and that a breakout is imminent.
Source: Ali Martinez/X
DOGE is trading for $0.257 at time of writing, a 2.4% rise during the last 24 hours.
Concluding his analysis with the layer-1 blockchain Sui Network ( SUI ), Martinez says the asset appears to be in its prime “buy zone” before it works its way up to a price of $7 sometime before the end of the year.
Source: Ali Martinez/X
SUI is valued at $3.61 at time of writing, a 2.8% gain on the day.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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