Altcoins
Whales Suddenly Accumulate Over $346,000,000 Of Top 10 Altcoin In Just One Week, Says Analyst
A widely followed crypto analyst claims deep-pocketed investors are suddenly turning to a top 10 altcoin.
Ali Martinez, Cryptocurrency Strategist tell His 66,200 followers on social media platform X said that over the past week, whales have been scooping up massive amounts of the native token of the layer-1 blockchain Toncoin (TONNE).
“Whales bought over 45 million Toncoin in the past week, worth around $346.5 million!”
Source: Ali Martinez/X
Toncoin is trading at $7.77 at the time of writing, up nearly 2% in the past 24 hours.
Then the analyst said that the Tom DeMark (TD) sequential indicator – which traders use to determine potential turning points in an asset – is signaling a bounce for top memecoin Dogecoin (DOGE).
“The TD Sequential is showing a buy signal on the three-day Dogecoin chart, predicting a one to four candlestick bounce for DOGE!”
At the time of writing, DOGE is trading at $0.123, down nearly 3% in the past 24 hours.
Finally, the analyst said The TD Sequential indicator also signals a bullish trend for Ethereum (ETH).
“The TD Sequential is showing a buy signal on the three-day Ethereum chart, predicting a one to four candlestick bounce for ETH!”
At the time of writing, Ethereum is trading at $3,448, down 1.62% on the day.
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