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 the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos.
According to Kaleo, ATOM is gearing up to take out its diagonal resistance at around $9.50.
“Time for ATOM to run it back to the highs and finally send above $10.”
Looking at the trader’s chart, he seems to predict that ATOM may surge to as high as $11.50.
At time of writing, ATOM is trading for $9.59.
Looking at the native asset of the blockchain-based gaming platform Gala, Kaleo thinks that GALA is poised to hit his upside target of around $0.06 after the altcoin broke out of its bear market diagonal resistance.
“A bit surprised we haven’t seen GALA make any big moves yet.
A return to the 2023 highs feels programmed from here.”
At time of writing, GALA is worth $0.027.
The trader is also keeping an eye on Stacks (STX), a crypto project designed to power apps and smart contracts on Bitcoin (BTC). According to Kaleo, STX could rally to as high as $1 after taking out its diagonal resistance.
“STX should fly when it clears $0.80
Might see a bit of a pullback before it does it, but any dips before it breaks above that resistance are for buying.”
At time of writing, STX is trading for $0.86, above Kaleo’s key resistance area.
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Generated Image: Midjourney
