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 potential price increases 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, Polygon’s price was listed at US$0.739, up 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
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/tres-criptomoedas-com-potencial-aumento-de-precos-em-breve/
