Experienced Analyst Says There Are Signs Of Bullishness In This Altcoin, Claiming There Could Be An 80 Percent Rally

Experienced cryptocurrency analyst Ali Martinez made bullish statements about an altcoin in his statement.

Worldcoin (WLD) is showing signs of sudden rise from a bull flag on its 4-hour chart. Martinez claims that if this pattern is confirmed, WLD price could experience an 80% rally, targeting a price of $6.30.

WLD price is trading at $3.67 at the time of writing this article and has increased by approximately 30% in the last month.

Chart where Martinez shares his analysis and highlights the bull flag.

Speaking about other altcoins, the analyst reported that Litecoin whales purchased 42,000 LTC, corresponding to approximately $3 million, over the last week.

On the other hand, talking about cryptocurrencies where he sees bearish findings, Martinez said that the “TD Sequential” metric for Polkadot (DOT) showed signs of a decline on its weekly chart and touched a key resistance point in the 100 exponential moving average data. According to the analyst, if this development causes an increase in profit selling, the DOT price may drop to $ 7.50.

DOT is trading at $9.26 at the time of this writing.

*This is not investment advice.