Toncoin and Solana Set to Rally Above 40%, Analyst Predicts

Bullish Toncoin and Solana Rally Soon? A renowned cryptocurrency analyst has revealed a prediction of a potential bullish rally for cryptocurrencies Toncoin (TON) and Solana (SOL) on the horizon. Expert Ali Martinez analyzed the price movements of TON and SOL suggesting a breakout of more than 40% for each asset soon.

According to the analyst, Toncoin cryptocurrency is preparing for a potential upside breakout of an impressive 40%, targeting the $11 price zone. At the time of publication, Toncoin price was priced at $7.57 with an increase of 4.4% in the last 24 hours.

“However, the TD Sequential indicator suggests that $TON may briefly drop to $7.2 to gather liquidity before the recovery,” Martinez noted.

#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. pic.twitter.com/jMoZ1ugEga

— Ali (@ali_charts) June 13, 2024

The increase suggested by the analysis of 40% would lead TON to establish a new all-time high in its value. The highest price paid for Toncoin (TON) was $7.76, recorded on June 5 (8 days). Comparatively, the cryptocurrency’s current price is 2.54% lower than TON’s historical peak.

Martinez also highlighted a bullish forecast for the fifth largest cryptocurrency on the market, Solana. Solana’s breakout predicted by the analyst is higher than that of TON, and could soon appreciate by an impressive 53%.

“Solana is primed for a massive 53% price move! Keep an eye on the $143 support and $178 resistance levels to gauge $SOL’s trend direction,” Martinez noted.

#Solana is set for a major 53% price move! Keep an eye on the $143 support and $178 resistance levels to gauge the direction of the $SOL trend. pic.twitter.com/SB9tJ6D02u

— Ali (@ali_charts) June 12, 2024

At the time of publication, the price of Solana was quoted at US$150.04, down 6.0% in the last 24 hours.

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 in or trading cryptocurrencies carries a risk of financial loss.