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A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level. Based on Sherpa’s POPCAT chart, it appears that the Solana-based memecoin has formed a head and shoulders pattern on the daily time frame and could plunge if the support level fails to hold. A head and shoulders pattern is typically considered a bearish pattern in technical Analysis . Source: Sherpa/X POPCAT is trading at $0.802 at time of writing, up by 21,147% since the January 5th low of $0.00379. Next up is Bitcoin (BTC). According to Sherpa, there are several reasons to remain bullish on Bitcoin and other crypto assets, even after a recent correction that saw the flagship digital asset briefly dip below the $100,000 price. “Bitcoin dominance has yet to come ...

A closely followed crypto analyst says that Bitcoin (BTC) may be forming a bullish pattern, setting up a massive breakout. In a new strategy session, crypto trader Ali Martinez tells his 69,300 followers on the social media platform X that Bitcoin could soon soar more than 7% from its current value in the short term. “In shorter time frames, Bitcoin might form a bull pennant, hinting at a potential surge toward $64,000!” Source: Ali Martinez/X Bitcoin is trading for $59,655 at time of writing, up slightly in the last 24 hours. Next up, the trader warns that Ethereum (ETH) competitor Solana (SOL) may be printing a bearish pattern and could plummet more than 16% if it fails to hold $141 as support. “Solana could be forming a head and shoulders pattern in the hourly chart, which suggests that a drop below $141 might trigger a correction that sends SOL to $122!” Source: Ali Martinez/X Solana is trading for $146 at time of writing, up sligh...