Trader Says Ethereum-Based Altcoin Could Explode Over 150%, Updates Outlook for Bitcoin, Solana and Toncoin

Cryptocurrency analyst and dealer Ali Martinez is cautiously optimistic about an Ethereum-based altcoin.

Martinez tells Its 70,300 followers on the social media platform

A descending triangle sample is usually thought of a bearish sign.

In line with Martinez, POL might rise 155% from present ranges if the help space across the $0.34 value holds.

POL is buying and selling at $0.369 on the time of writing.

If Polygon’s $0.34 help degree fails, Martinez says:

“Nonetheless, if the value breaks down, a correction to $0.19 is feasible.”

The following step is Bitcoin (BTC). Martinez say that earlier this 12 months the Tom DeMark (TD) Sequential indicator, a device utilized in technical evaluation to establish potential pattern reversals, turned bearish. In line with the analyst, Bitcoin should keep the help degree at $51,000, in any other case it dangers falling to $40,600.

Bitcoin is buying and selling at $56,718 on the time of writing.

As for Solana (SOL), Martinez say,

“The TD Sequential indicator has given a purchase sign on the Solana every day chart, indicating a possible rebound of 1 to 4 every day candlesticks.”

Subsequent up is the native token of The Open Community layer-1 blockchain Toncoin (TON). According to In line with Martinez, Toncoin must regain the help degree round $4.70 to keep away from a double-digit crash.

“If TON doesn’t do that, a forty five% correction to $2.60 could possibly be probably.”

TON is buying and selling at $4.67 on the time of writing.

Do not miss a beat – Subscribe to obtain e mail alerts straight to your inbox

Verify value motion

Observe us additional X, Facebook And Telegram

Surf to the Every day Hodl combine

Generated picture: Dalle3