- Crypto trader Kaleo predicts bullish upturns for five altcoins including Dogecoin (DOGE) and Pepe (PEPE).
- Targets for these altcoins have been set, offering insights into potential market movements.
In the ever-changing landscape of digital currencies, a prominent crypto trader is forecasting price spikes for several altcoins, including the well-known meme tokens Dogecoin (DOGE) and Pepe (PEPE). The pseudonymous analyst, Kaleo, shares his insights with his substantial Twitter audience of 593,000 followers, suggesting potential bullish continuation for these selected cryptocurrencies.
In-Depth Analysis of Five Altcoins
Kaleo predicts that Dogecoin, having surmounted its diagonal resistance on the four-hour chart, is ready for a bullish continuation. He expects DOGE to exhibit breakout rallies if it transcends the horizontal resistance at $0.072. At present, DOGE is trading at $0.068.
Pepe, another meme token under Kaleo’s scrutiny, appears to be preparing for a rally after crossing its diagonal resistance on the four-hour chart. He anticipates Pepe to rise towards the high $0.0000020s for a leg up mirroring the one witnessed in mid-June. The current value of PEPE is $0.00000172.
The Ethereum (ETH) scaling solution, Polygon (MATIC), is also on Kaleo’s radar. He speculates that MATIC could surge past the $1.00 mark if it reclaims $0.75 as support. The present trading value of MATIC is $0.696.
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Injective (INJ), the decentralized derivatives exchange, is another altcoin Kaleo suggests could rally until it reaches his target of $9.50. At the time of writing, INJ is valued at $8.58.
Lastly, the Binance Coin (BNB), the utility token of the world’s largest crypto exchange, is also attracting Kaleo’s attention. According to him, BNB seems to have formed a local bottom and is on its way to hitting range highs around $300. Currently, BNB is trading at $242.
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