Analyst Says One Altcoin Set for Explosive Breakout, Predicts Rallies for Dogecoin, Solana and Two Additional Crypto Assets

Analyst Says One Altcoin Set for Explosive Breakout, Predicts Rallies for Dogecoin, Solana and Two Additional Crypto Assets

A popular crypto analyst known for his timely altcoin calls is making multiple bullish predictions for a slew of digital assets.

The pseudonymous trader known as Kaleo tells his 538,000 Twitter followers that Cosmos (ATOM), which aims to be an ecosystem of interoperable blockchains, will be one of the more explosive altcoins on the market once it gets going.

Kaleo takes a look at Cosmos’ Bitcoin pair (ATOM/BTC), which he says will signal the next big move for ATOM.

“I wouldn’t sleep on ATOM either.

When it finally breaks out of this three-year base range formed on the BTC pair, it’ll be explosive.”

Image
Source: Kaleo/Twitter

At time of writing, ATOM is valued at $15.12.

Kaleo also has a high price target for meme token Dogecoin (DOGE), which he thinks still has much more gas in the tank, despite the recent hype around it.

According to Kaleo, DOGE is on its way to tagging the $0.20 level.

“DOGE path to $0.20.”

Image
Source: Kaleo/Twitter

At time of writing, DOGE is changing hands for $0.124.

The trader is also forecasting huge strength for top Ethereum (ETH) rival Solana (SOL), predicting that it will significantly outperform Bitcoin in the coming weeks.

“SOL is up against resistance on the verge of absolutely sending on this fine Saturday morning”

Image
Source: Kaleo/Twitter

Based on Kaleo’s chart, he expects the SOL/BTC ratio to soar roughly 78% from its current price of 0.00168 BTC ($35.56).

The closely followed trader is also bullish on Ethereum scaling solution Polygon (MATIC). Despite showing relative strength against the market over the past week, Kaleo thinks MATIC still has more room to run, setting a rough target near all-time highs at about $2.80.

“Plenty of room to run higher.”

Image
Source: Kaleo/Twitter

At time of writing, MATIC is trading for $1.15.

The crypto trader also has his radar locked on THORchain (RUNE), blockchain platform designed to facilitate the secure and cheap transfer of assets between different blockchains.

Kaleo calls for an upward target of $3.00 for RUNE, 81% higher than its current price of $1.65.

“Ideal RUNE target price is ~ $3.00”

Image
Source: Kaleo/Twitter

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/wacomka/Andy Chipus

Source link

Share This
COMMENTS

Leave a Reply

Your email address will not be published.