BCGAME - Free 5BTC Daily Bonus!Renowned cryptocurrency analyst Ali Martinez has shared technical analysis in which he observes a potential price increase for three cryptocurrencies. The expert expressed his belief that three major altcoins will enter a bullish breakout soon.
According to Martinez's analysis, the three cryptocurrencies with a potential price increase soon are: VeChain (VET), Injective (INJ) and Polygon (MATIC).
As the analyst noted in his technical analysis, like the previous bull cycle, the VeChain cryptocurrency retests the upper limit of a parallel channel before the VET token enters an upward breakout. At the time of publication, the price of VET was quoted at US$0,03688, up 3.0% in the last 24 hours. The token has increased its price by 5.9% in the last seven days.
Like in the previous bull cycle, #VeChain retests the upper boundary of a parallel channel before $ VET enters a bull rally. pic.twitter.com/p4IRHTr8gr
— Ali (@ali_charts) May 27, 2024
Regarding Injective (INJ), the expert highlighted that the last two TD Sequential buy signals on the cryptocurrency's weekly chart led to impressive bull runs of 700% and 555%. “Now this indicator is giving another buy signal, suggesting that $INJ may rise again!” he noted.
At the time of publication, the price of Injective was listed at US$25,59, up 2.8% in the last 24 hours. In the last two weeks, the token has seen its price show a notable increase of 13.3%.
The last two buy signals from the TD Sequential on the #Injective weekly chart led to impressive bull runs of 700% and 555%. Now, this indicator is flashing another buy signal, suggesting that $INJ could rally again! pic.twitter.com/D5P5I2BbtY
— Ali (@ali_charts) May 27, 2024
Regarding Polygon, Martinez emphasized that the cryptocurrency could enter an important four-candlestick high. “TD Sequential presents a buy signal on the $MATIC weekly chart, anticipating that Polygon will see a rise of one to four weekly candles!”
At the time of publication, the polygon price it was quoted at US$ 0,739 with an increase of 2.8% in the last 24 hours. In its weekly development, MATIC has appreciated by 5.4% in the last seven days.
The TD Sequential presents a buy signal on the $ MATIC weekly chart, anticipating # Polygon will see a one to four weekly candlesticks upswing! pic.twitter.com/pW7PpcGHHy
— Ali (@ali_charts) May 27, 2024
