A widely followed crypto analyst and trader says that one top-10 altcoin could be gearing up for a massive rally.
Crypto strategist Ali Martinez tells his 65,700 followers on the social media platform X that the native token of layer-1 blockchain Toncoin (TON) could soar more than 19% from its current value.
[adinserter block="1"]“Toncoin is poised for a … rise towards $9 after breaking out of an ascending triangle!”
Toncoin is trading for $7.53 at time of writing, down 1.5% in the last 24 hours.
Next up, the analyst warns that Bitcoin (BTC) could retest lower levels if it falls to $60,700.
“Don’t get too excited yet! If Bitcoin drops to $60,700, around $22 million will be liquidated!”
However, he also says that Bitcoin may be printing a bullish pattern on the hourly chart if the number one digital asset can reclaim $62,200 as support.
“Bitcoin seems to be shaping an Adam and Eve bottoming pattern, signaling a potential 6% rise toward $66,000 if BTC can maintain a candlestick close above $62,200!”
Bitcoin is trading for $60,882 at time of writing, down more than 1% in the last 24 hours.
Lastly, the analyst says that Solana (SOL) appears to be confirming an uptrend based on the Tom DeMark (TD) Sequential indicator, which signaled a bullish trend reversal on June 25th.
“What did we say about Solana?”
The TD Sequential indicator is typically used to identify trend direction and potential price reversals.
Solana is trading for $141 at time of writing, down more than 4% in the last 24 hours.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Panuwatccn/AtlasbyAtlas Studio
