A bullish analysis from popular analyst Ali Martinez has excited Uniswap and Cardano investors.
As Bitcoin and altcoins recover from a week of losses, investors are looking forward to the next leg up following the highly anticipated BTC halving.
Recently, renowned analyst Ali Martinez shared positive price predictions for two altcoins, namely Uniswap (UNI) and Cardano (ADA). This has stirred excitement and anticipation among investors.
Uniswap (UNI) Eyeing a Surge to $10
In his analysis, Martinez noted that the TD Sequential indicator on Uniswap’s daily chart had just flashed a buy signal.
He believes this signal indicates that UNI is gearing up for a strong rally within the next 1-4 days with an immediate price target at $10.
At the time of writing, UNI is changing hands at $7.54, having gained 4.84% over the past 24 hours.
Cardano (ADA) Poised for a 75% Upswing
In a separate post, the popular analyst turned his attention to Cardano, citing historical data to suggest that the cryptocurrency’s MVRV ratio has recently dropped below 22%.
According to him, the last time ADA’s MVRV ratio fell beneath 22%, the price rallied by over 75%. The analyst believes ADA is ripe for a significant rebound.
At the time of writing, ADA has gained 3.81% over the past 24 hours, pushing its price to $0.47. This represents a notable recovery as Cardano bounces off its weekly support. However, Cardano is still down by 15.64% over the past seven days.
