In a notable update from a prominent crypto analyst, it’s revealed that wealthy investors are currently accumulating a major altcoin ranked in the top 10.

Ali Martinez, a crypto strategist followed by 66,200 users on X, reports a significant surge in purchases of Toncoin’s native token on the layer-1 blockchain. Over the past week alone, these “whales” have acquired more than 45 million Toncoin, amounting to approximately $346.5 million.

Toncoin is presently valued at $7.77, reflecting a modest increase of nearly 2% over the past 24 hours.

Moving forward, Martinez highlights the Tom DeMark (TD) Sequential indicator, a tool used by traders to predict potential reversal points for assets. According to Martinez, this indicator has issued a buy signal for Dogecoin (DOGE) on its three-day chart, suggesting a forthcoming rebound of between one to four candlesticks.

Dogecoin is currently trading at $0.123, marking a slight decline of nearly 3% in the last 24 hours.

Additionally, Martinez notes that the TD Sequential indicator is also indicating positive momentum for Ethereum (ETH). Similar to DOGE, the indicator forecasts a rebound of one to four candlesticks for ETH based on its three-day chart.

As of the latest update, Ethereum is priced at $3,448, experiencing a decrease of 1.62% for the day.

For further updates and insights, subscribe to receive direct email alerts and follow their updates on X, Facebook, and Telegram.

Source: Ali Martinez/X

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