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).

Speaking to his 63,900 followers on X, Martinez highlights that the Tom DeMark (TD) Sequential indicator is indicating a potential long entry opportunity on the four-hour chart for the native token of layer-1 blockchain Toncoin (TON).

According to Martinez, the TD Sequential indicator, known for identifying possible trend reversals, suggests that Toncoin could see a 46% rally from its current price to reach $11.

Martinez’s analysis also reveals that Toncoin has formed an ascending triangle pattern on the 12-hour chart, a pattern typically seen as bullish.

However, Martinez notes that the TD Sequential indicator hints at a possible brief dip to $7.2 for Toncoin to gather liquidity before the anticipated upward movement.

Toncoin is currently trading at $7.52.

Shifting focus to Bitcoin, Martinez points out that historically, the leading cryptocurrency has shown the lowest returns during the July-September quarter.

With an average return of 6.49% and a median return of -2.57%, Bitcoin has faced challenges in the third quarter.

Bitcoin is currently trading at $67,658.

Moving on to Lido DAO, a liquid staking service for the Ethereum (ETH) ecosystem, Martinez indicates that a buy signal has been identified on the daily chart, suggesting a potential rebound of one to four daily candlesticks for LDO.

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