A closely followed crypto strategist says XRP and one additional altcoin are giving off a bullish reading that could lead to a move to the upside.
Pseudonymous analyst Ali Martinez tells his 47,900 followers on the social media platform X that XRP looks bullish based on the Tom DeMark (TD) Sequential indicator.
[adinserter block="1"]The TD Sequential indicator is typically used to identify trend direction and potential price reversals.
Says Martinez,
“The TD Sequential indicator has issued a buy signal on the XRP weekly chart, indicating potential bullish momentum. If XRP manages a sustained weekly close above $0.57, it could be the catalyst for a push toward $0.63 or even higher, reaching $0.65.”
At time of writing, XRP is worth $0.55.
Another altcoin that’s flashing a bullish signal based on the TD Sequential indicator is the Ethereum (ETH) rival Solana (SOL), according to Martinez.
“The TD Sequential indicator presents a buy signal on the Solana daily chart, suggesting a potential upswing that could span one to four daily candlesticks for SOL.”
At time of writing, SOL is worth $110.58, up over 7% in the past day.
As for Bitcoin (BTC), Martinez says the crypto king may be en route to rallying above $60,000 after breaking out of a bullish megaphone pattern.
“Bitcoin shows a megaphone pattern on its daily chart. If BTC maintains its position above $50,000, achieving a sustained close above $53,000 could be the catalyst for a rally toward $60,520!”
At time of writing, Bitcoin is trading at $56,359, up over 9% in the past day.
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