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Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave
The post Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave appeared on BitcoinEthereumNews.com. A closely followed crypto analyst says that one competitor of Solana (SOL) could skyrocket by 30% while updating his outlook on Bitcoin (BTC) and other digital assets. In a new strategy session, crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that one key metric is flashing a buy signal for SUI, the native crypto asset of layer-1 blockchain and smart contract platform Sui Network. “The TD Sequential presented a buy signal on the SUI weekly chart. A sustained close above the 50-week moving average could trigger a 30% upswing to $1.20!” Source: Ali Martinez/X The Tom DeMark (TD) Sequential Indicator is a metric used by traders to predict points of reversal for the price of an asset. SUI is trading for $0.843 at time of writing, a fractional increase during the last 24 hours. Moving on to decentralized finance (DeFi) protocol Aave (AAVE), Martinez says the altcoin could face a 27% correction as it tends to dip after the TD Sequential flashes a sell signal on its daily chart, which the trader says happened recently. “The last four times the TD Sequential flashed a sell signal on the AAVE daily chart, it was followed by an average correction of 27%. The same sell signal is now appearing, suggesting a potential drop for AAVE.” Source: Ali Martinez/X AAVE is valued at $135.47 at time of writing, a 1.1% decrease during the last day. The strategist goes on to note that layer-2 scaling solution Polygon (MATIC) is also facing a correction after days of upward momentum. “Polygon has seen a significant surge in recent days, but caution is advised. The TD Sequential on the hourly chart is signaling a potential correction for MATIC.” Source: Ali Martinez/X MATIC is trading for $0.52 at time of writing, an…
The post Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave appeared on BitcoinEthereumNews.com.
A closely followed crypto analyst says that one competitor of Solana (SOL) could skyrocket by 30% while updating his outlook on Bitcoin (BTC) and other digital assets. In a new strategy session, crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that one key metric is flashing a buy signal for SUI, the native crypto asset of layer-1 blockchain and smart contract platform Sui Network. “The TD Sequential presented a buy signal on the SUI weekly chart. A sustained close above the 50-week moving average could trigger a 30% upswing to $1.20!” Source: Ali Martinez/X The Tom DeMark (TD) Sequential Indicator is a metric used by traders to predict points of reversal for the price of an asset. SUI is trading for $0.843 at time of writing, a fractional increase during the last 24 hours. Moving on to decentralized finance (DeFi) protocol Aave (AAVE), Martinez says the altcoin could face a 27% correction as it tends to dip after the TD Sequential flashes a sell signal on its daily chart, which the trader says happened recently. “The last four times the TD Sequential flashed a sell signal on the AAVE daily chart, it was followed by an average correction of 27%. The same sell signal is now appearing, suggesting a potential drop for AAVE.” Source: Ali Martinez/X AAVE is valued at $135.47 at time of writing, a 1.1% decrease during the last day. The strategist goes on to note that layer-2 scaling solution Polygon (MATIC) is also facing a correction after days of upward momentum. “Polygon has seen a significant surge in recent days, but caution is advised. The TD Sequential on the hourly chart is signaling a potential correction for MATIC.” Source: Ali Martinez/X MATIC is trading for $0.52 at time of writing, an…
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