Crypto Analyst Predicts Breakout for Top Altcoin, Gives Outlook for Bitcoin and Lido DAO

Layer-1 Altcoin on the Rise

Crypto analyst Ali Martinez is bullish on Toncoin (TON), a smart contract-enabled blockchain. According to the Tom DeMark (TD) Sequential indicator, TON could see a 46% rally to $11. Martinez also notes an ascending triangle pattern on the chart, further supporting his bullish outlook.

Bitcoin’s Historical Q3 Performance

Martinez warns that Bitcoin (BTC) has historically performed poorly in the July-September quarter. He cites an average return of 6.49% and a median return of -2.57% during this period.

Lido DAO Poised for Rebound

Martinez also sees a buying opportunity in Lido DAO (LDO), a liquid staking service for Ethereum. The TD Sequential indicator suggests a potential rebound of one to four daily candlesticks for LDO.

Disclaimer: This article is not investment advice. Do your own research before investing in cryptocurrencies.