A popular crypto analyst is predicting a potential upswing for several altcoins. Ali Martinez, who boasts over 100,000 followers on X (formerly Twitter), says a technical indicator is flashing buy signals.
The Indicator and the Coins
The indicator in question is the Tom DeMark (TD) Sequential Indicator. This tool analyzes closing prices over a period of time to predict possible trend reversals. Martinez spotted bullish signals on the four-hour charts for four cryptocurrencies:
- XRP: Currently trading around $2.28, but down slightly in the last 24 hours.
- Solana (SOL): Trading at approximately $195.59, also experiencing a small dip recently.
- Maker (MKR): The MKR token, associated with a DeFi protocol, is priced around $1,656.
- World Network (WLD): Formerly known as Worldcoin, this token is trading near $2.23.
What it Means
While the TD Sequential Indicator suggests a potential bullish trend reversal for these coins, it’s important to remember that this is just one factor to consider. Market conditions can change rapidly, and past performance is not indicative of future results. Always do your own research before investing in cryptocurrencies.
Disclaimer
This information is for general knowledge only and should not be considered investment advice. Investing in crypto carries significant risk, and you could lose money.
