A prominent cryptocurrency analyst has revealed that wealthy investors have shown sudden interest in a top-10 alternative coin.
Ali Martinez, a crypto strategist with a significant following of 66,200 on the social media platform X, shared with his audience that over the last week, large investors, known as whales, have acquired substantial quantities of the native token of the layer-1 blockchain Toncoin (TON).
“In the past week, whales have purchased more than 45 million Toncoin, valued at approximately $346.5 million!” Martinez exclaimed.
Toncoin is currently being traded at $7.77, reflecting an increase of nearly 2% in the past 24 hours. Moving on, the analyst noted that the Tom DeMark (TD) Sequential indicator, a tool utilized by traders to identify potential reversal points for assets, suggests a positive turn for the popular memecoin Dogecoin (DOGE).
“The TD Sequential indicator is showing a buy signal on the Dogecoin three-day chart, predicting a bounce of one to four candlesticks for DOGE!” Martinez shared.
As of the current moment, DOGE is valued at $0.123, marking a decrease of close to 3% within the last 24 hours. The analyst further mentioned that the TD Sequential indicator is also pointing towards a bullish sentiment for Ethereum (ETH).
“The TD Sequential indicator is indicating a buy signal on the Ethereum three-day chart, projecting a rebound of one to four candlesticks for ETH!” Martinez highlighted.
Ethereum is currently trading at $3,448, experiencing a 1.62% decline for the day. In conclusion, Martinez encouraged readers not to miss out on important updates by subscribing to receive email alerts directly in their inbox and to stay updated on price action by following various platforms including X, Facebook, and Telegram.
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