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Crypto Analyst Identifies Bullish Trends in INJ and MATIC with TD Sequential

Crypto analyst Ali Martinez has identified significant bullish signals for INJ, the native token of the Injective blockchain, and MATIC, the native cryptocurrency of the Layer 2 blockchain Polygon. In his posts on X, Martinez highlighted bullish signals from the TD Sequential indicator on both cryptocurrencies, using historical behavior to predict potential outcomes in the coming weeks.

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

Martinez noted that the last two buy signals from TD Sequential on the Injective weekly chart led to impressive bull runs of 700% and 555%. Based on that, the analyst believes the current signal could lead to a bull run comparable to past performances.

Meanwhile, the chart details Martinez shared in his post showed INJ’s TD Sequential-influenced rallies happened in Q1 2023 and Q4 2023. During the first rally, INJ surged from around $1.2 to nearly $10 and rose from $6.8 to $44.8 in the second rally, according to data from TradingView.

The renowned analyst included a screenshot of the MATIC/USD weekly chart in his second post, predicting that MATIC would experience a one to four-week upswing due to the TD Sequential signal.

TradingView’s data shows that MATIC bounced off significant support in the weekly chart and posted two consecutive slightly positive candles. Martinez’s audience anticipates the altcoin will surge with increased momentum, especially with the expectation of a more widespread bullish trend across the crypto market.

MATIC was trading at $0.7243 at the time of writing, having gained 1.3% in the past 24 hours. The altcoin needs to break above the $0.75-$0.8 region to confirm a breakout from the current sideways trend on the daily chart.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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