Trader Predicts Big Rise in Bitcoin Ecosystem Altcoin and Two Other Crypto Assets – Here Are His Targets
A widely followed crypto trader believes a trio of altcoins are preparing for big moves higher.
The pseudonymous analyst Kaleo tells his 620,300 followers on the social media platform
The trader shares a chart that shows ORDI has broken through its diagonal resistance, suggesting the coin is about to begin its next increase.
“ORDI looks like it’s ready to hit the ground running.”
Source: Kaleo/X
Last week, Kaleo said ORDI could rise due to BTC’s strength.
“Bitcoin appears poised for another rise as stocks continue to hit new all-time highs. Betting on BTC narratives seems to be a given here. Ordinal numbers will play a big role in this cycle and I would be surprised if we don’t see the ORDI chart come up again.”
Based on the trader’s chart, he seems to predict that ORDI will rise to a new all-time high of $130. At the time of writing, ORDI is worth $68.23.
Next, Kaleo says he is keeping a close eye on smart contract platform Avalanche (AVAX). According to Kaleo, AVAX is poised to rally towards its 2023 high after breaking its diagonal resistance.
“AVAX is close to breaking $50 again, but you wouldn’t bully it.”
At the time of writing, AVAX is worth $39.37, down about 5% in the last 24 hours but still above Kaleo resistance.
The last coin on the trader’s radar is the native asset of the decentralized exchange protocol THORChain (RUNE). According to Kaleo, RUNE looks bullish on Bitcoin (RUNE/BTC) and he expects the pair to rise to its peak at around 0.00049807 BTC ($24.64).
“RUNE/BTC looks similar, with a breakout on the high time frame followed by a clean retest that looks poised to return to highs.”
At the time of writing, RUNE/BTC is trading for 0.00010475 BTC ($5.18).
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