A chart pattern suggests that one altcoin operating on the Real-World Assets (RWA) crypto sector appears poised for an upside burst, according to a popular analyst.
The trader Ali Martinez tells His 118,700 followers on the social media platform
A bull flag is usually viewed as a bullish pattern, suggesting that an asset is consolidating before starting a new rally.
Martinez says the bull flag suggests Ondo could target $3.40, which would represent a 141% upside.
Ondo is trading at $1.41 at the time of writing. The 37th-ranked crypto asset by market cap is up more than 6% in the past 24 hours.
The crypto analyst too out That historical trends regarding bitcoin (BTC) Halvings suggest that a bear market could begin between May and October of this year. A bitcoin halving is a highly anticipated event that cuts BTC Miner Rewards in half.
Martinez too notes Nearly $5 billion in BTC profits were realized on Thursday alone.
BTC is trading at $104,947 at the time of writing. The top crypto asset by market cap is up more than 1% in the past 24 hours.
Martinez too notes That crypto whales have sold over 180 million cardano (ADA) in the past week.
Its rival Ethereum (ETH) is trading at $0.973 at the time of writing.
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Credit : dailyhodl.com
