A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins, including Cosmos (ATOM) and Gala (GALA).
Pseudonymous analyst Kaleo tells his 608,200 followers on social media platform X that he believes a strong breakthrough is in sight for the indigenous asset of interoperable blockchain Cosmos.
According to Kaleo, ATOM is gearing up to eliminate its diagonal resistance around $9.50.
“Time for ATOM to take it back to the highs and eventually steer above $10.”
Looking at the trader’s chart, he seems to predict that ATOM could rise to $11.50.
At the time of writing, ATOM is trading at $9.59.
Looking at the native asset of blockchain-based gaming platform Gala, Kaleo thinks GALA is poised to reach its upside target of around $0.06 after the altcoin broke out of its diagonal resistance in the bear market.
“A bit surprised that we haven’t seen GALA take any big steps yet.
A return to the highs of 2023 feels programmed from here.”
At the time of writing, GALA is worth $0.027.
The trader is also keeping an eye on Stacks (STX), a crypto project designed to enable apps and smart contracts on Bitcoin (BTC). According to Kaleo, the STX could rise as high as $1 after diagonal resistance is removed.
“STX should fly if it clears $0.80
There may be a small pullback before the price does so, but any dip before the price rises above that resistance is for buying.”
At the time of writing, STX is trading at $0.86, above Kaleo’s key resistance area.
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Generated image: Midjourney