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A closely followed cryptocurrency analyst says wealthy investors are suddenly buying up one of the top 10 altcoins.
Cryptocurrency Strategist Ali Martinez Tells He has 66,200 followers on the social media platform X, where whales last week acquired massive amounts of the native layer-one blockchain token Toncoin (ton).
“Whales have bought over 45 million ToonCoins over the past week, worth a total of around $346.5 million!”
Toncoin is trading at $7.77 at the time of writing, up nearly 2% in the past 24 hours.
Next is the analyst. He says The Tom DeMark (TD) Sequential indicator – which traders use to identify potential reversal points for an asset – is indicating a bounce for Dogecoin (doug).
“The TD Sequential indicator is giving a buy signal on the 3-day Dogecoin chart, expecting a 1-4 candle bounce for DOGE!”
DOGE is trading at $0.123 at the time of writing, down around 3% in the past 24 hours.
Finally, the analyst He says The TD Sequential indicator also indicates an upward trend for Ethereum (Ethereum).
“TD Sequential is giving a buy signal on the 3-day chart of Ethereum, expecting a 1-4 candle retracement for ETH!”
Ethereum is trading at $3,448 at the time of writing, down 1.62% on the day.
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