A closely watched crypto analyst says investors with deep pockets are suddenly loading up on one top-10 altcoin.
Crypto strategist Ali Martinez tells are 66,200 followers on the social media platform
“Whales purchased over 45 million toncoin last week, worth approximately $346.5 million!”
Toncoin is trading at $7.77 at the time of writing, up almost 2% in the last 24 hours.
Then the analyst say that the Tom DeMark (TD) Sequential Indicator – which traders use to determine potential reversal points for an asset – is signaling a rebound for top memecoin Dogecoin (DOGE).
“The TD Sequential presents a buy signal on the 3-day Dogecoin chart and predicts a one to four candlestick recovery for DOGE!”
DOGE is trading at $0.123 at the time of writing, down almost 3% in the last 24 hours.
Finally, the analyst say the TD Sequential indicator also signals bullishness for Ethereum (ETH).
“The TD Sequential presents a buy signal on the three-day Ethereum chart and predicts a one to four candlestick recovery for ETH!”
Ethereum is trading at $3,448 at the time of writing, down 1.62% on the day.
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Generated image: Midjourney