The post Crypto Trader Says Top-10 Altcoin Primed for a Double-Digit Rally, Updates Outlook on Bitcoin and Solana appeared on BitcoinEthereumNews.com.

A widely followed crypto analyst and trader says that one top-10 altcoin could be gearing up for a massive rally. Crypto strategist Ali Martinez tells his 65,700 followers on the social media platform X that the native token of layer-1 blockchain Toncoin (TON) could soar more than 19% from its current value. “Toncoin is poised for a … rise towards $9 after breaking out of an ascending triangle!” Source: Ali Martinez/X Toncoin is trading for $7.53 at time of writing, down 1.5% in the last 24 hours. Next up, the analyst warns that Bitcoin (BTC) could retest lower levels if it falls to $60,700. “Don’t get too excited yet! If Bitcoin drops to $60,700, around $22 million will be liquidated!” Source: Ali Martinez/X However, he also says that Bitcoin may be printing a bullish pattern on the hourly chart if the number one digital asset can reclaim $62,200 as support. “Bitcoin seems to be shaping an Adam and Eve bottoming pattern, signaling a potential 6% rise toward $66,000 if BTC can maintain a candlestick close above $62,200!” Source: Ali Martinez/X Bitcoin is trading for $60,882 at time of writing, down more than 1% in the last 24 hours. Lastly, the analyst says that Solana (SOL) appears to be confirming an uptrend based on the Tom DeMark (TD) Sequential indicator, which signaled a bullish trend reversal on June 25th. “What did we say about Solana?” Source: Ali Martinez/X The TD Sequential indicator is typically used to identify trend direction and potential price reversals. Solana is trading for $141 at time of writing, down more than 4% in the last 24 hours. Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X, Facebook and Telegram Surf The Daily Hodl Mix…

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Filed under: News - @ June 28, 2024 6:12 pm