Crypto even Ali Martinez, one of the world’s well-known analysts, made an incredible prediction for an altcoin listed on Binance in his latest statement.
The analyst began by specifically explaining that the forecast in question was not a sponsored post.
According to Martinez, since the last bull cycle Polygon (POL) Almost all investors who hold it are still at a loss. According to the data, only 15.11% of wallets holding POL are currently in the green zone. The analyst believes this is a positive as he does not foresee a profit taking anytime soon.
The analyst said that when the on-chain data was examined, new investors were slowly starting to take positions. He argued that this was evident from POL’s active addresses, transaction volume and whale activity.
In addition, he added that cryptocurrency whales have recently purchased POL, and the total purchase reached 140 million POL tokens. Therefore, he stated that the absence of a major selling pressure and whales buying improved the technical analysis of this token.
Ali Martinez claimed that POL is in a multi-year descending triangle formation, and a close above $0.7973 could trigger a rally that could push the token’s price between $15.27 and $36.17.
However, he added that he is still creating stop-loss levels and a loss of the support zone between $0.375 and $0.386 would invalidate this scenario.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/unlu-analist-binancete-listeli-altcoin-icin-ralli-tetiklenirse-inanilmasi-guc-bir-fiyat-tahmininde-bulundu/
