Cryptocurrency expert and trader Ali Martinez is sharing positive sentiment about a smart contract-enabled blockchain while providing updates on Bitcoin (BTC) and Lido DAO (LDO).
With a following of 63,900 on X, Martinez is highlighting an opportunity for a long entry on the four-hour chart for Toncoin (TON), the native token of layer-1 blockchain. According to Martinez, the TD Sequential indicator is indicating a potential rally of approximately 46% for Toncoin, with a target price of $11.
Additionally, Martinez notes that Toncoin has formed an ascending triangle pattern on the 12-hour chart, which is typically seen as a bullish signal. However, he also mentions that there might be a brief dip to $7.2 to gather liquidity before the anticipated upswing.
Toncoin is currently trading at $7.52.
Shifting focus to Bitcoin, Martinez points out that historically, the cryptocurrency has seen the lowest returns during the July-September quarter since 2013. He warns investors to be cautious, as Bitcoin has struggled in Q3, with an average return of 6.49% and a median return of -2.57%.
Bitcoin is currently trading at $67,658.
Finally, Martinez discusses Lido DAO, a liquid staking service for the Ethereum (ETH) ecosystem. He mentions that the TD Sequential indicator is showing a buy signal on the Lido DAO daily chart, suggesting a potential rebound of one to four daily candlesticks for LDO.
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