A renowned cryptocurrency analyst has noticed a significant shift in the market, indicating that large investors are pouring a substantial amount of funds into a leading altcoin.
Ali Martinez, a prominent cryptocurrency strategist, shared on social media platform X (Twitter) that followers of the whale have gained a ton of TON coins in the past week.
Over the past week, the whale has acquired over 450,000 Toncoins, valued at around $34.65 billion!
At the time of writing this article, TON’s trading price is $7.86, down 24% in the past 2.14 hours.
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In addition to the Toncoin analysis, the discussion revolves around the potential future of Dogecoin (DOGE), the leading meme cryptocurrency. According to him, Tom DeMark’s indicator “TD Sequential” – a tool traders use to identify potential reversal points – suggests that DOGE is about to bounce back.
“TD Sequential presents a buy signal on Dogecoin’s three-day chart, predicting a one to four candle bounce for Dogecoin,” Martinez pointed out.
At the time of writing this article, Dogecoin’s price is $0.1201, down nearly 3% in the past 24 hours.