Cryptocurrency expert and trader, Ali Martinez, has drawn attention to a memecoin that is showing signs of a bullish trend. Martinez, who has a large following on the social media platform X, believes that Brett (BRETT), a memecoin built on the Ethereum scaling solution Base, is forming a bull flag on the daily chart. He predicts that if the memecoin can surpass the $0.15 resistance zone, it could potentially reach $0.63, which represents a 357% increase from its current level. Brett is currently trading at $0.138.

In addition to Brett, Martinez also provides insight on Solana (SOL). He observes that Solana is exhibiting a W-shaped pattern on the 12-hour chart, which often indicates the end of a downtrend and the start of an uptrend. Martinez suggests that Solana could experience a modest increase of around 9% from its current level. Solana is currently trading at $160.

Martinez notes that Solana’s potential bullish movements have the potential to trigger billions of dollars in liquidations on bearish bets. He points out that if Solana surges to $176, around $2.98 billion in short positions would be liquidated.

Moving on to Bitcoin (BTC), Martinez emphasizes that for BTC to surpass its record high of $73,800, it must first revisit a price that was last recorded about a month ago. He states that Bitcoin needs to stay above $62,500 to maintain its bullish position and break past $66,250 to reach new all-time highs. Currently, Bitcoin is trading at $64,695.

To stay up to date with the latest news in the cryptocurrency market, readers can subscribe to receive email alerts from The Daily Hodl. The article also advises investors to conduct thorough research before making high-risk investments in Bitcoin or other digital assets, as transfers and trades are done at one’s own risk. The Daily Hodl does not provide investment advice or endorse the buying or selling of cryptocurrencies or digital assets.