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.”
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.”
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”
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.”
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”
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The post Analyst Says One Altcoin Set for Explosive Breakout, Predicts Rallies for Dogecoin, Solana and Two Additional Crypto Assets appeared first on The Daily Hodl.