A prominent crypto analyst and trader is suggesting that a popular altcoin in the top 10 could be on the verge of a significant surge. Ali Martinez, a crypto strategist with a substantial following of 65,700 on social media platform X, believes that the native token of layer-1 blockchain Toncoin (TON) could potentially increase by over 19% from its current value. Martinez states, “Toncoin is poised for a rise towards $9 after breaking out of an ascending triangle!” At the time of writing, Toncoin is trading at $7.53, experiencing a slight decrease of 1.5% in the last 24 hours.
Moving on, Martinez issues a warning regarding Bitcoin (BTC), stating that it could retest lower levels if it drops to $60,700. He emphasizes the potential liquidation of approximately $22 million if this price point is reached. However, Martinez also notes that Bitcoin may be forming a bullish pattern on the hourly chart if it can regain $62,200 as a support level. He explains, “Bitcoin seems to be shaping an Adam and Eve bottoming pattern, signaling a potential 6% rise toward $66,000 if BTC can maintain a candlestick close above $62,200!” Bitcoin is currently trading at $60,882, with a decrease of more than 1% in the last 24 hours.
Lastly, the analyst highlights that Solana (SOL) seems to be confirming an upward trend based on the Tom DeMark (TD) Sequential indicator. This indicator signaled a bullish trend reversal on June 25th. Martinez rhetorically asks, “What did we say about Solana?” At the time of writing, Solana is trading at $141, experiencing a decrease of more than 4% in the last 24 hours.
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