Analyst States Top10 Altcoin Valued at Over 346000000 Acquired Swiftly by Whales in a Week
Renowned crypto analyst Ali Martinez reports a surge in interest from deep-pocketed investors towards a prominent altcoin in the top 10. Martinez, followed by 66,200 users on X, reveals that whales have acquired over 45 million Toncoin tokens, totaling approximately $346.5 million, in the past week.
Toncoin, currently trading at $7.77, reflects a modest increase of nearly 2% over the last 24 hours. Martinez anticipates potential reversals in the market, pointing to the Tom DeMark (TD) Sequential indicator. According to Martinez, this indicator suggests a forthcoming rebound for Dogecoin (DOGE), with a buy signal identified on its three-day chart, potentially influencing a rise lasting between one to four candlesticks.
DOGE is presently valued at $0.123, experiencing a slight decline of about 3% within the same 24-hour period. Additionally, Martinez highlights bullish signals for Ethereum (ETH) through the TD Sequential indicator on its three-day chart, projecting a similar rebound pattern of one to four candlesticks.
Ethereum’s current trading price stands at $3,448, down by 1.62% for the day. Investors are encouraged to stay informed through platforms like X, Facebook, and Telegram for the latest updates on market trends and price actions.