A prominent cryptocurrency analyst predicts that three major altcoins are poised to enter bullish phases in the near future. Ali Martinez, a crypto trader with a substantial following on the social media platform X, believes that VeChain (VET), a decentralized supply chain management platform, is on the verge of taking off after successfully retesting a parallel channel. He notes that, similar to the previous bull cycle, VeChain is testing the upper boundary of the channel before entering a bullish rally. Currently, VET is valued at $0.0396, showing a 4% increase in the past 24 hours.

Martinez also examines the decentralized finance blockchain Injective (INJ) and identifies a historical precedent for an upcoming bull run. He references the Thomas DeMark Sequential indicator, a technical analysis tool that aims to identify precise price reversals based on the closing prices of the previous nine and 14 intervals. Martinez reveals that the last two buy signals from the TD Sequential on the Injective weekly chart resulted in impressive bull runs of 700% and 555%. Now, with the indicator flashing another buy signal, he suggests that INJ could rally again. Currently, INJ is trading at $26.41, showing a 6.2% increase for the day.

Moving on to Ethereum (ETH) layer-2 protocol Polygon (MATIC), Martinez again refers to the TD Sequential and predicts that it is about to scale up. The TD Sequential has presented a buy signal on the MATIC weekly chart, indicating that Polygon may experience a one to four weekly candlesticks upswing. As of now, MATIC is trading at $0.747, showing a 4% increase since yesterday.

It’s important to note that the opinions expressed in this article are not investment advice. Investors are urged to conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. Furthermore, all transfers and trades are conducted at one’s own risk, and any losses incurred are the investor’s responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and it is not an investment advisor.