Crypto News: Analyst Identifies Three Altcoins, Including Solana (SOL), Poised for Significant Rise
In the midst of Bitcoin’s sharp declines, successful analyst Ali Martinez has drawn attention to the potential for a significant price recovery for three altcoins: Shiba Inu (SHIB), Cardano (ADA), and Solana (SOL).
Bitcoin’s recent dip below $59,000 has caused concern in the market, but the recovery to above $60,000 has provided a lifeline for altcoins, with some experiencing double-digit increases.
Martinez, who is known for his accurate predictions, has pointed out that the TD Sequential indicator is offering buy signals on the daily charts of Solana, Shiba Inu, and Cardano, indicating a potential turnaround in their prices. Developed by Tom DeMark, the TD Sequential is a widely used technical analysis tool that helps investors identify possible turning points in market trends and signals when the current trend is exhausted.
The analyst’s tweet about the buy signals and the anticipated price rebound for these altcoins has sparked interest in the market, with many investors closely watching the potential for a significant rise in value.
It’s important to note that this information is not investment advice. However, for those interested in investing in cryptocurrencies, Binance exchange is offering a 20% commission discount for those who register through their link.
For more exclusive news, analytics, and on-chain data, follow our Telegram and Twitter accounts. Stay informed about the latest developments in the crypto market.
