Cryptocurrency Analyst Predicts Breakout for LargeCap Layer1 Altcoin Outlines Path for Bitcoin and Lido DAO
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Cryptocurrency Analyst Predicts Breakout for LargeCap Layer1 Altcoin Outlines Path for Bitcoin and Lido DAO

Cryptocurrency expert and trader Ali Martinez is sharing positive sentiments about a smart contract-enabled blockchain while providing updates on Bitcoin (BTC) and Lido DAO (LDO).

Addressing his 63,900 followers on the social media platform X, Martinez highlights that the Tom DeMark (TD) Sequential indicator is indicating a potential long entry opportunity on the four-hour chart for the native token of layer-1 blockchain Toncoin (TON).

According to Martinez, the TD Sequential indicator, known for identifying potential trend reversals, suggests that Toncoin could see a 46% rally from its current level to reach $11.

Martinez’s analysis reveals that Toncoin has also formed an ascending triangle pattern on the 12-hour chart, a pattern typically associated with bullish sentiment.

“However, the TD Sequential indicator hints that TON might experience a brief dip to $7.2 to gather liquidity before an upward movement.”

Toncoin is currently trading at $7.52.

Shifting focus to Bitcoin, Martinez notes that historically, the leading cryptocurrency has shown the lowest returns during the July-September quarter since 2013.

“Be cautious! Bitcoin has historically faced challenges in Q3, with an average return of 6.49% and a median return of -2.57%.”

Bitcoin is currently trading at $67,658.

Moving on to Lido DAO, a liquid staking service for the Ethereum (ETH) ecosystem, Martinez points out that the TD Sequential indicator is signaling a buy opportunity on the Lido DAO daily chart, indicating a potential rebound of one to four daily candlesticks for LDO.

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Disclaimer: The opinions expressed on The Daily Hodl are not financial advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are done at the individual’s risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor. Please be aware that The Daily Hodl participates in affiliate marketing.

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