A well-known cryptocurrency analyst has noticed a significant shift in the market, indicating that large investors are putting a substantial amount of money into a leading altcoin.
Ali Martinez, a renowned cryptocurrency strategist, shared on social media platform X (Twitter) that his followers have gained a considerable amount of Toncoin over the past week.
In the past week, Martinez purchased over 450,000 Toncoin, worth approximately 34.65 billion USD!
At the time of writing this article, Toncoin’s trading price is 7.86 USD, experiencing a 24% decrease in the past 2.14 hours.
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In addition to Toncoin analysis, Martinez discussed the prospects of Dogecoin, a leading meme cryptocurrency. According to him, Tom Demark’s indicator “TD Sequential” – a tool used by traders to identify potential reversal points – suggests that DOGE is about to bounce back.
“TD Sequential is presenting a buying signal on Dogecoin’s three-day chart, predicting a one to four candlestick rebound,” Martinez pointed out.
At the time of writing this article, Dogecoin’s price is 0.1201 USD, experiencing a nearly 3% decrease in the past 24 hours.
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