Ali Martinez, a crypto analyst, predicts a 300% price increase for Stellar (XLM) if it surpasses key resistance levels. He also notes a bullish reversal signal for Bitcoin (BTC) amid significant withdrawals from exchanges. Investors should proceed with caution and conduct thorough research based on these insights.

Analyst and trader Ali Martinez expresses a bullish sentiment toward Stellar (XLM), a significant cryptocurrency contender in payments and cross-border transactions. He recently informed his 129,700 followers on X, indicating that Stellar is developing a bullish pattern in its three-day chart that could result in a substantial price increase.

Martinez stated, “Since November 2024, Stellar appears to be forming a bullish flag. The 600% rally seen in November created the pattern’s flagpole and the consolidation phase we have seen since then is forming the pattern’s flag. Now, a sustained break above the $0.42 resistance could trigger a bull run to $1.60 – representing a 300% price increase.” As of the latest update, Stellar is trading at $0.304.

In addition, Martinez provides an update regarding Bitcoin (BTC), where he indicates a bullish reversal signal. He noted that Bitcoin has shown a tendency to rebound when the trader loss margin reaches -12%, and it currently stands at -15.4%.

Moreover, the analyst highlighted a significant withdrawal of Bitcoin from exchanges, estimating around $2.29 billion was withdrawn within just two weeks. “Over the past two weeks, more than 25,000 Bitcoin have been withdrawn from exchanges!” he reported. He also mentions increased buying interest from large investors, as “whales have bought over 20,000 Bitcoin since it dipped below $88,000 on February 24th.” Currently, Bitcoin is trading at $91,737.

In summary, Ali Martinez has signaled a bullish outlook for both Stellar and Bitcoin. He suggests that Stellar’s potential breakout could facilitate a 300% price surge while Bitcoin exhibits signs of a reversal despite recent losses. The substantial withdrawals of Bitcoin from exchanges further support the argument of increasing interest from significant investors. Investors are advised to remain vigilant and conduct due diligence before making investment decisions.

Original Source: dailyhodl.com

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