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Renowned crypto analyst Ali Martinez has issued a strong warning to investors, highlighting potential downside risks for PEPE, Bitcoin, and Solana. According to Martinez, PEPE has broken a key support level, putting it at risk of a 70% decline. Meanwhile, Bitcoin’s MACD indicator is flashing a historically bearish signal, and Solana could see a sharp drop below $70 if it fails to hold critical support at $125.
PEPE Faces Major Downtrend Risk
In a detailed February 28 analysis, Martinez pointed out that PEPE has broken below the lower boundary of a parallel channel it has been trading in for nearly a year. This breakdown suggests a strong bearish trend, indicating that the token could see a sharp correction.
Martinez warns that increasing selling pressure could drive PEPE’s price down by 70%, potentially reaching $0.00000316. The analyst explains that breaking below a parallel channel often marks the beginning of a downtrend, and PEPE investors should be prepared for a deeper correction.
Bitcoin’s MACD Indicator Flashes Bearish Signal
Another critical concern raised by Martinez is Bitcoin’s MACD indicator, a widely used technical analysis tool that tracks momentum shifts. According to him, every time the MACD turned bearish on Bitcoin’s weekly chart, the asset experienced an average 40% correction.
Martinez emphasized: “Every time Bitcoin’s weekly MACD has shown a bearish divergence, the market has historically seen a significant drop. The latest MACD signal suggests that Bitcoin could be headed for another major pullback.”
If history repeats itself, Bitcoin could face another sharp decline, reinforcing concerns of an extended market correction.
Solana’s $125 Support Level is Critical
For Solana (SOL) investors, Martinez stressed the importance of maintaining $125 support. His analysis suggests that if SOL fails to hold this level, its price could quickly drop below $70.
While Solana has seen strong performance in recent months, overall market uncertainty and technical indicators suggest a potential sell-off. If $125 is breached, traders could trigger large-scale liquidations, accelerating the downward trend.
Market Volatility and Investor Caution
While volatility is common in the crypto market, Martinez’s warnings highlight the importance of closely monitoring key indicators and support levels. Investors following these insights can better manage risks and make informed decisions during market turbulence.
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