Altcoins
Crypto Trader Says Top 10 Altcoins Poised for Double-Digit Rally, Updates Outlook on Bitcoin, Solana
A widely followed cryptocurrency analyst and trader says a top 10 altcoin could be gearing up for a massive rally.
Crypto Strategist Ali Martinez tells its 65,700 followers on the social media platform X that the native token of the layer 1 blockchain Toncoin (TONNE) could increase by more than 19% from its current value.
“Toncoin is poised for a… surge towards $9 after breaking out of an ascending triangle!”
Source: Ali Martinez/X
At the time of writing, Toncoin is trading at $7.53, down 1.5% over the past 24 hours.
Then the analyst warns that Bitcoin (BTC) could retest lower levels if it drops to $60,700.
“Don’t get too excited yet! If Bitcoin drops to $60,700, about $22 million will be liquidated!”
However, he also He says that Bitcoin could print a bullish pattern on the hourly chart if the number one digital asset manages to reclaim $62,200 as support.
“Bitcoin appears to be forming an Adam and Eve underlying pattern, signaling a potential 6% upside towards $66,000 if BTC can sustain a candle close above $62,200!”
At the time of writing, Bitcoin is trading at $60,882, down more than 1% in the last 24 hours.
Finally, the analyst He says that Solana (SOL) appears to confirm a bullish trend based on the Tom DeMark (TD) sequential indicator, which signaled a bullish trend reversal on June 25.
“What did we say about Solana?”
The TD Sequential indicator is generally used to identify trend direction and potential price reversals.
Solana is trading at $141 at the time of writing, down more than 4% in the last 24 hours.
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