Crypto Analyst Says On-Chain Indicator Flashing Bullish Signals for XRP, Solana and Two Other Altcoins
A momentum indicator recently flipped bullish for XRP , Solana ( SOL ) and two other altcoins, according to a popular crypto analyst.
Ali Martinez tells his 101,300 followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator presented buy signals on the four-hour charts for XRP, SOL, Maker ( MKR ) and World Network ( WLD ).
Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.
XRP is trading at $2.28 at time of writing. The 4th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours.
Source: Ali Martinez/X
SOL is trading at $195.59 at time of writing. The Ethereum ( ETH ) competitor and 6th-ranked crypto asset by market cap is down more than 5% in the past day.
Maker is a decentralized finance (DeFi) protocol and stablecoin issuer. The project’s native token, MKR, is trading at $1,656 at time of writing. The 87th-ranked crypto asset by market cap is down more than 1.5% in the past 24 hours.
Worldcoin, OpenAI CEO Sam Altman’s controversial cryptocurrency project that uses eye-scanning technology to create an identity network, rebranded to World Network in October. The project’s native token, WLD, is trading at $2.23 at time of writing. The 73rd-ranked crypto asset by market cap is down almost 10% in the past day.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Emerging markets become a "safe haven" amid global bond market turbulence! High real interest rates and strong fiscal conditions attract Wall Street's attention
Higher real interest rates and stronger fiscal positions in some developing economies are providing investors with both yield and a safe haven to escape the volatility of the world’s largest bond markets.
Liquid Network lost nearly 4,000 BTC, Blockstream seeks contact with hackers
Liquid Network confirms $320 million BTC withdrawn in unauthorized peg-out
The U.S. Treasury market faces a "policy test" this week: Treasury Department's buybacks to double, taking effect Wednesday, and CPI data on Friday to determine the September rate hike suspense.
Bond traders are bracing for increased volatility at both ends of the US yield curve.
Crypto prices
More
