One of the top 10 altcoins, according to a widely-followed crypto trader and analyst, could be headed for a major rally.
Crypto strategist Ali Martinez tells His 65,700 subscribers on social media platform X the native token Toncoin layer-1 blockchain (TON() would increase in value by 19%.
“Toncoin is poised for a … rise towards $9 after breaking out of an ascending triangle!”
Toncoin, at the time this article was written, is currently trading for $7.53. This represents a 1.5% decline in 24 hours.
Following the analyst, warns Bitcoin (BTC, if the price falls below $65,700.
“Don’t get too excited yet! If Bitcoin drops to $60,700, around $22 million will be liquidated!”
He also says Bitcoin’s hourly chart may show a pattern of bullishness if Bitcoin can take back $62,200.
“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 currently trades at $60,882, down more than 1 percent in the past 24 hours.
The analyst is also the last person to be considered says 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 used to determine trend direction as well as potential price reversals.
Solana currently trades for $141, down over 4% from the previous 24 hours.
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Source: dailyhodl.com