Trader Says Large-Cap Ethereum Competitor Could Explode 2x After Overcoming Major Resistance Level, Unveils Targets for XRP, Dogecoin and Sui
A widely followed crypto analyst says that one large-cap rival of Ethereum ( ETH ) is poised to double up in price if it can break through a crucial resistance level while updating his outlook on other altcoins.
In a new thread, crypto trader Ali Martinez tells his 158,700 followers on X that the smart contract platform Solana ( SOL ) could explode all the way up to $520 if it has a weekly close over $260.
“A weekly close above $260 could ignite a Solana SOL bull rally to $520.”
Source: Ali Martinez/X
However, according to the trader’s chart, an event like this wouldn’t happen until mid-2026 or 2027. Solana is trading for $230 at time of writing, a 1.9% rise during the last 24 hours.
Moving on to XRP , the digital asset associated with the payments platform Ripple, Martinez says the token appears as if it’s about to break out of a triangle, looking to hit a price tag of $3.60 sometime near the end of October.
“XRP looks set to break out of a triangle, with $3.60 as the target.”
Source: Ali Martinez/X
XRP is valued at $3.05 at time of writing, a 3% rise on the day.
Next up, Martinez brings up the popular meme asset Dogecoin ( DOGE ), noting that it’s still in its accumulation phase and that a breakout is imminent.
Source: Ali Martinez/X
DOGE is trading for $0.257 at time of writing, a 2.4% rise during the last 24 hours.
Concluding his analysis with the layer-1 blockchain Sui Network ( SUI ), Martinez says the asset appears to be in its prime “buy zone” before it works its way up to a price of $7 sometime before the end of the year.
Source: Ali Martinez/X
SUI is valued at $3.61 at time of writing, a 2.8% gain on the day.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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This year's market has been driven primarily by the growth of DATs, ETFs, and stablecoins. Strong institutional inflows indicate that mainstream U.S. capital is now entering the crypto market. However, after the October 11 black swan event, the market underwent a significant correction due to deleveraging. Even so, several indicators now suggest that a bottom may be forming. Our recommended assets are BTC, ETH, SOL, XRP, and DOGE.
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