Altcoins
Whales Suddenly Accumulate Over $346M in Top 10 Altcoins in Just One Week, Analyst Says
A widely followed cryptocurrency analyst says deep-pocketed investors are suddenly investing in a top 10 altcoin.
Cryptocurrency Strategist Ali Martinez tells his 66,200 followers on the social media platform X that last week, whales raised huge amounts of tokens native to the layer 1 blockchain Toncoin (TONNE).
“Whales bought more than 45 million Toncoins last week, worth approximately $346.5 million!”
Source: Ali Martinez/X
At the time of writing, Toncoin is trading at $7.77, up nearly 2% in the last 24 hours.
Next up is the analyst He says that the Tom DeMark (TD) sequential indicator – which traders use to determine potential reversal points for an asset – is signaling a bounce for leading memecoin Dogecoin (DOGE).
“TD Sequential presents a buy signal on the 3-day chart of Dogecoin, expecting a one to four candlestick bounce for DOGE!”
Source: Ali Martinez/X
At the time of writing, DOGE is trading at $0.123, down nearly 3% in the last 24 hours.
Finally, the analyst He says The TD sequential indicator also signals a bullish move for Ethereum (ETH).
“TD Sequential presents a buy signal on the Ethereum 3-day chart, expecting a one to four candlestick bounce for ETH!”
Source: Ali Martinez/X
At the time of writing, Ethereum is trading at $3,448, down 1.62% over the past day.
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