4 Altcoins Flash Buy Signals Following the Binance Shock: Here Are the Upside Targets

One of the tokens is ADA, which is projected to rise by over 20%. The cryptocurrency community had high hopes that October would benefit the sector, but the month ultimately disappointed and ended on a sour note with the $6.3 billion Binance hack. The exchange, though, seems to have coped with the major incident, restoring withdrawals and reimbursing a large chunk of the stolen funds using its own corporate reserves. According to popular analyst Ali Martinez, Binance’s return to normal has coincided with buy signals emerging for four cryptocurrencies, suggesting a broader market rebound may be underway. The Assets in Question Martinez said the first such token is Cardano’s ADA. He noted that its price surpassed $0.28 at the start of October, then crashed 36% to around $0.18 after the Binance attack. The analyst recently said ADA’s TD Sequential flashed a buy signal on the daily chart, hinting that a possible recovery could be incoming. “If buying pressure picks up and ADA clears $0.20, I’m watching for a move toward $0.23,” he stated. His second pick is Algorand (ALGO). According to Martinez, the asset’s TD Sequential posted a daily buy signal after the valuation dipped below $0.09...