Crypto Trader Predicts DoubleDigit Rally for Top10 Altcoin Provides Latest Analysis on Bitcoin and Solana
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Crypto Trader Predicts DoubleDigit Rally for Top10 Altcoin Provides Latest Analysis on Bitcoin and Solana

Renowned cryptocurrency analyst and trader Ali Martinez has shared his insights with his 65,700 followers on X, predicting a significant surge for Toncoin (TON), a top-10 altcoin. Martinez believes that TON could potentially increase by over 19% from its current value, reaching $9. He points to the breakout of an ascending triangle as a sign of the upcoming rise.

At the time of writing, Toncoin is trading at $7.53, experiencing a 1.5% decrease in the last 24 hours.

Moving on to Bitcoin (BTC), Martinez cautions that the leading digital asset may retest lower levels if it drops to $60,700. He highlights the possibility of around $22 million being liquidated in such a scenario. However, Martinez also notes that Bitcoin could be forming a bullish pattern on the hourly chart if it manages to reclaim $62,200 as support. He suggests that an Adam and Eve bottoming pattern is emerging, indicating a potential 6% increase towards $66,000 if BTC can maintain a candlestick close above $62,200.

As of now, Bitcoin is trading at $60,882, showing a decrease of over 1% in the last 24 hours.

Lastly, Martinez observes that Solana (SOL) seems to be confirming an uptrend based on the Tom DeMark (TD) Sequential indicator. This indicator signaled a bullish trend reversal on June 25th. He reiterates his previous positive stance on Solana, emphasizing the accuracy of his analysis.

The TD Sequential indicator is commonly utilized to identify trend direction and potential price reversals.

Currently, Solana is trading at $141, experiencing a decrease of more than 4% in the last 24 hours.

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Disclaimer: The opinions expressed in this article are not investment advice and should not be considered as such. Investors are strongly advised to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that all transfers and trades are done at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor do we provide investment advice. Additionally, please be aware that The Daily Hodl participates in affiliate marketing.

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