Cryptocurrency expert and trader Ali Martinez is drawing attention to a memecoin that is showing positive signs. Martinez, who has a following of 67,300 on the social media platform X, believes that Brett (BRETT), a memecoin based on the Ethereum scaling solution Base, is forming a bullish flag pattern on the daily chart. If Brett manages to surpass the resistance zone at $0.15, Martinez predicts that it could potentially surge to $0.63, which would represent a 357% increase from its current level. At the time of writing, Brett is being traded at $0.138.

Martinez also provides insights on Solana (SOL), stating that it is forming a W-shaped pattern on the 12-hour chart. In technical analysis, a W-shaped pattern typically indicates the end of a downtrend and the beginning of an uptrend. Martinez suggests that Solana could experience a modest increase of about 9% from its current level. As of now, Solana is being traded at $160.

According to Martinez, Solana’s potential bullish movements could lead to billions of dollars in liquidations for bearish positions. He claims that “$2.98 billion in short positions will be liquidated if Solana surges to $176!”

Moving on to Bitcoin (BTC), Martinez emphasizes that in order for the flagship cryptocurrency to surpass its record high of $73,800, it must revisit a price that was last recorded about a month ago. He states, “Bitcoin must maintain its bullish position by staying above $62,500 and break $66,250 to target new all-time highs!” Currently, Bitcoin is being traded at $64,695.

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