Cryptocurrency analyst and trader Ali Martinez is drawing attention to a memecoin that is displaying a positive signal. Martinez, who has a following of 67,300 on the social media platform X, reveals that Brett, a memecoin built on the Ethereum scaling solution Base, appears to be forming a bull flag on the daily chart. If the memecoin manages to surpass the $0.15 resistance zone, Martinez believes that Brett could skyrocket to $0.63, which is an impressive 357% increase from its current level.

At the time of writing, Brett is being traded at $0.138. In addition to Brett, Martinez also provides insight on Solana. According to him, Solana is exhibiting a W-shaped pattern on the 12-hour chart. This pattern often indicates the end of a downtrend and the beginning of an uptrend for an asset’s price. Martinez predicts that Solana could experience a modest 9% increase from its current level.

Currently, Solana is being traded at $160. Martinez also mentions that the potential bullish moves of Solana could lead to billions of dollars in liquidations for bearish bets. He states that if Solana surges to $176, approximately $2.98 billion in short positions will be liquidated.

Moving on to Bitcoin, Martinez emphasizes that for the flagship cryptocurrency to surpass its record high of $73,800, it must revisit a price that was last recorded about a month ago. To maintain its bullish position, Bitcoin needs to remain above $62,500 and break through the $66,250 mark to target new all-time highs.

As of now, Bitcoin is being traded at $64,695. It is important to note that the opinions expressed in this article are not investment advice and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not recommend buying or selling cryptocurrencies and is not an investment advisor.