Crypto Analyst Says Large-Cap Layer-1 Altcoin Is Poised for a Breakout, Charting Future Path for Bitcoin and Lido DAO

Cryptocurrency analyst and trader Ali Martinez expresses bullish sentiment on a smart contract-enabled blockchain while updating his outlook on Bitcoin (Bitcoin) and Lido DAO (I DO).

Martinez tells his 63,900 followers on social media platformTONNE).

The analyst says the TD Sequential indicator, used to determine potential trend reversal points, signals that Toncoin could rise around 46% from the current level to reach a price of $11.

Based on Martinez’s chart, it appears that Toncoin has also formed an ascending triangle pattern on the 12-hour chart. An ascending triangle pattern is generally considered bullish.

“However, the TD Sequential indicator suggests that TON may briefly drop to $7.2 to raise liquidity ahead of the recovery.”

Source: Ali Martinez/X

Toncoin is trading at $7.52 as of this writing.

Moving on to Bitcoin, Martinez He says that since 2013, the flagship cryptoasset recorded its lowest returns during the July-September quarter.

“Attention!

Historically, Bitcoin has struggled in the third quarter, with an average return of 6.49% and an average return of -2.57%.

Source: Ali Martinez/X

At the time of writing, Bitcoin is trading at $67,658.

Next up is Lido DAO, a liquid staking service for Ethereum (ET) ecosystem. Martinez He says,

“TD Sequential presents a buy signal on the Lido DAO daily chart, predicting a potential one to four daily candle bounce for LDO!”

Source: Ali Martinez/X Don’t miss a beat – subscribe to receive email alerts directly to your inbox

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