A widely followed crypto trader is predicting surges for a handful of altcoins including memecoins Dogecoin (DOGE) and Pepe (PEPE).
Pseudonymous analyst Kaleo tells his 593,000 Twitter followers that DOGE looks poised for bullish continuation after taking out its diagonal resistance on the four-hour chart.
According to Kaleo, DOGE could witness breakout rallies if it moves above its horizontal resistance at $0.072.
“We’ve already seen a decent resistance break for DOGE on the USD chart.
Expecting acceleration above a reclaim of $0.072 (early June pre-breakdown/capitulation level).”
At time of writing, DOGE is trading for $0.068.
Looking at fellow meme token Pepe, Kaleo believes that the altcoin is gearing up for a rally after moving above its diagonal resistance on the four-hour chart.
“Looking for PEPE to send to the high $0.0000020s from here for a leg up similar to the one we saw mid-June.”
At time of writing, PEPE is worth $0.00000172.
The crypto strategist is also keeping a close watch on the Ethereum (ETH)-scaling solution Polygon (MATIC). Kaleo says that MATIC could rally above $1.00 if it reclaims $0.75 as support.
“Don’t want to get too greedy. Content with a move to just over $1.00 for MATIC in USD.”
At time of writing, MATIC is worth $0.696.
Next up is the decentralized derivatives exchange Injective (INJ). Kaleo says INJ will likely see more rallies until the altcoin hits his target of $9.50.
“INJ has already broken high timeframe resistance on the USD chart.
Expecting acceleration above a reclaim of the April highs ~$9.50+.”
At time of writing, INJ is worth $8.58.
The last altcoin on the trader’s radar is Binance Coin (BNB), the utility token of the world’s largest crypto exchange. According to Kaleo, BNB has likely carved a local bottom and is en route to its range highs at around $300.
“Not being too greedy. Just want to see a return to the $300 – $350 range.”
At time of writing, BNB is trading for $242.
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Generated Image: Midjourney
