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Crypto Analyst Predicts Surge for One Top-10 Altcoin Lasting up to Four Weeks, Updates Outlook on Tron (TRX)

n70products by n70products
February 8, 2024
in Altcoin
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Crypto Analyst Predicts Surge for One Top-10 Altcoin Lasting up to Four Weeks, Updates Outlook on Tron (TRX)
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Cryptocurrency analyst and dealer Ali Martinez says that one top-10 altcoin by market cap is flashing a bullish sign after a weeks-long downtrend.

Martinez tells his 43,600 followers on the X social media platform that XRP is “poised for an upswing” that would final “one to 4 weeks” primarily based on the Tom Demark (TD) Sequential indicator.

The TD Sequential indicator is often used to determine development route and potential worth reversals.

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Supply: Ali Martinez/X

XRP, the sixth-largest crypto asset by market cap, is buying and selling at $0.503 at time of writing, a 22.8% lower from its 30-day excessive of $0.618 set on January eleventh.

Subsequent up is the native token of the good contract blockchain Tron (TRX). Martinez says that the TD Sequential indicator is flashing a bearish sign on Tron.

“The TD Sequential indicator is signaling a promote on the TRX 3-day chart, indicating that TRX might be heading in direction of a correction section that may final from three to 12 days.

This bearish outlook is bolstered by a divergence between the TRON worth and the Relative Power Index (RSI), suggesting weakening momentum and potential downward motion within the close to time period.”

GFqHXnEWUAA2iWZ?format=jpg&name=small
Supply: Ali Martinez/X

The RSI is a momentum indicator used to find out potential oversold or overbought situations.

Tron is buying and selling at $0.125 at time of writing, a fractional acquire on the day.

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Tags: AltcoinAnalystCryptoLastingOutlookPredictssurgeTop10TronTRXUpdatesWeeks
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