The cryptocurrency trader Ali Martinez believes that Axie Infinity (AXS), a blockchain gaming altcoin, is showing promising signs of a significant surge in value. Martinez, who has a following of 62,600 on the social media platform X, suggests that AXS is forming an inverse head-and-shoulders pattern on its weekly chart. This pattern indicates a bullish trend and Martinez predicts that AXS could rise to $13 and potentially break out to $22. Currently trading at $7.49, this would represent a potential increase of over 73% and nearly 194% respectively.

However, Martinez is less optimistic about Ethereum in the short term. He points out that the Tom DeMark (TD) Sequential Indicator has presented a sell signal on ETH’s daily chart, suggesting a 5% correction could be on the horizon. ETH is currently trading at $3,828.

It’s important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this article is sourced from, does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor.