Analysts Commented on BTC and 5 Altcoins: Mega Pump is Coming!

Cryptocurrency analysts and traders closely follow the latest developments in the crypto asset markets. In particular, well-known names such as Ali Martinez and Altcoin Sherpa continue to support investors with their posts on the social media platform X. In this article, we will discuss analysts’ views on Toncoin (TON), Bitcoin (BTC), and Lido DAO (LDO), as well as Altcoin Sherpa’s evaluations of Ondo Finance (ONDO) and Solana (SOL).

Bullish expectation in Altcoin TON

Cryptocurrency analyst Ali Martinez talked about the upward potential of Toncoin (TON) in his post with his 63,900 followers. According to Martinez, the Tom DeMark (TD) Sequential indicator offers a long position opportunity for Toncoin on the four-hour chart. This indicator is used to identify trend reversal points and indicates that Toncoin could reach $11, a 46% increase from the current level.

According to Martinez’s chart, Toncoin has also formed a rising triangle formation on the 12-hour chart. This formation is generally considered a bullish signal. However, Martinez suggests that the TD Sequential indicator TON may briefly drop to $7.2 and then rise after gathering liquidity. Toncoin is trading at $7.52 at the time of writing.

Historical performance warning for Bitcoin

Martinez also points out the historical performance of Bitcoin (BTC). Stating that Bitcoin recorded its lowest returns in the July-September quarter since 2013, Martinez warns investors to be careful. Bitcoin has struggled with an average return of 6.49% and an average loss of 2.57% this quarter. Bitcoin is trading at $67,658 at the time of writing.

Buy signal on Lido DAO

Commenting on Lido DAO (LDO), Martinez predicts that the TD Sequential indicator gives a buy signal on the daily chart and that LDO may experience a potential return during one to four day candlesticks.

Altcoin Sherpa commented on those two altcoins

Anonymous analyst Altcoin Sherpa shared his views on Ondo Finance (ONDO) and Solana (SOL) with his 217,100 followers. Compared to Sherpa, ONDO, which has experienced a four-digit percentage increase since January, maintains its strong stance. Sherpa notes that ONDO has bounced from the major reinforcement level, which coincides with the 0.382 Fibonacci retracement level. Fibonacci levels are used to identify potential support or resistance points. It also highlights that ONDO has remained above the 200 exponential moving average (EMA) on the four-hour chart for more than three weeks. ONDO is trading at $1.31 at the time of writing and is up 1.469% from $0.0822 in January.

Making evaluations about Solana (SOL), Sherpa states that SOL will most likely fluctuate between $ 185 and $ 120 and that the consolidation process is healthy. He states that larger movements can be expected after this process. Solana is trading at $150 at the time of writing.

Credible talked about Solana

Another well-known analyst, Credible, thinks Ethereum (ETH) could rise by triple-digit percentages in the current cycle. Credible suggests that Ethereum could reach $10,000 or even $20,000. Ethereum’s current price is $3,510 and it needs to increase between 185% and 470% to achieve these goals.

Jamie Coutts expects a return on altcoin projects

Finally, Jamie Coutts, chief crypto analyst at Real Vision, thinks altcoins could see a recovery in the second half of 2024. Coutts states that with increased liquidity, altcoins will perform better compared to Bitcoin. BTC and ETH are trading at $66,950 and $3,482, respectively, at the time of writing.