The cryptocurrency market is gathering strength for a new move. Leading crypto Bitcoin managed to exceed the $70,000 level. Ethereum, on the other hand, is struggling to reach its limit of $4,000 with a strong run. A closely followed analyst spotted a bullish signal for 2 altcoins on the TD Sequential indicator. The analyst predicts significant rallies for these two tokens in the coming weeks.
Two altcoins sending bullish signals: MATIC and INJ
cryptokoin.comAs you follow from , the market is trying to gain new momentum. In this environment, veteran crypto analyst Ali Martinez detected significant bull signals for Injective Blockchain’s native token INJ and Layer 2 Blockchain Polygon’s native cryptocurrency MATIC. Martinez uses historical behavior to predict potential outcomes in the coming weeks. In this context, it highlights the bullish signals from the TD Sequential indicator for both altcoins.
INJ’s past rally performances
Martinez notes that the last two buy signals on TD Sequential’s Injective weekly chart led to impressive bull runs of 700% and 555%. Based on this, the analyst predicts that the current signal will lead to a bull run comparable to past performances. Meanwhile, the chart details shared by Martinez in his article showed that INJ’s TD Sequential-influenced rallies occurred in the 1st quarter of 2023 and the 4th quarter of 2023. During the initial rally, INJ rose from around $1.2 to nearly $10, according to TradingView data. Additionally, it rose from $6.8 to $44.8 in the second rally.
According to analyst MATIC will experience a one to four week risewhite!
The famous analyst also includes a screenshot of the MATIC/USD weekly chart in his second post. The analyst predicts that MATIC will experience a one to four week rally due to the TD Sequential signal. TradingView’s data shows MATIC bouncing off key support on the weekly chart. It also reveals that it has issued two slightly positive candles in a row.
Meanwhile, Ali Martinez’s followers predict that the altcoin price will rise with increasing momentum, especially in anticipation of a more widespread bullish trend in the crypto market. Meanwhile, MATIC was trading at $0.7243 at the time of writing. Additionally, it gained 1.3% in the last 24 hours. The altcoin needs to break above the $0.75-0.8 zone to confirm a breakout from the current sideways trend on the daily chart.
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