A widely followed crypto trader believes that three altcoins are preparing for big steps upward.
Pseudonymous analyst Kaleo tells his 620,300 followers on social media platform to take.
The trader shares a chart showing that ORDI has broken above its diagonal resistance, indicating that the coin is ready to start the next leg.
“ORDI looks ready to absolutely rip.”
Last week, Kaleo said ORDI could recover thanks to the strength of BTC.
“Bitcoin appears poised for a continued run higher as shares continue to hit new all-time highs. Betting on BTC stories seems like a no-brainer game here. Ordinal numbers are going to play a big role this cycle, and I would be surprised if we don’t see the ORDI chart take it one step further.”
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’s keeping a close eye on smart contract platform Avalanche (AVAX). According to Kaleo, AVAX is poised to rise to its 2023 high after breaking its diagonal resistance.
“AVAX is about to fall back above $50, but you wouldn’t exaggerate that.”
At the time of writing, AVAX is worth $39.37, down about 5% in the last 24 hours, but still above Kaleo’s resistance.
The last coin on the trader’s radar is the native asset of the decentralized exchange protocol THORChain (RUNE). Kaleo says RUNE looks bullish against Bitcoin (RUNE/BTC), and he sees the pair rising to its high around 0.00049807 BTC ($24.64).
“RUNE/BTC looks the same with a breakout on a high time frame followed by a clean retest that looks poised to return to the highs.”
At the time of writing, RUNE/BTC is trading at 0.00010475 BTC ($5.18).
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Generated image: Midjourney