Avalanche (AVAX)
A cryptocurrency analyst known as Kaleo predicts that Avalanche (AVAX), an Ethereum competitor, could see a significant increase in value. According to Kaleo, AVAX could potentially rise by approximately 134% from its current level.
Kaleo initially expected AVAX to reach a price range of $60 to $70 for its next upward movement. However, considering the recent movements of Bitcoin, Kaleo wouldn’t be surprised if AVAX goes straight to $100+ similar to what Solana did recently.
Currently, Avalanche is trading at $42.65, showing a 14% increase over the past week.
Dogecoin (DOGE)
Kaleo also shares his insights on Dogecoin (DOGE). He believes that DOGE could experience a significant appreciation against Bitcoin (BTC) through a “violent move.”
As of now, Dogecoin is trading at 0.00002028 BTC ($0.127).
Solana (SOL)
Next on the list is Solana (SOL). According to Kaleo, SOL has the potential to appreciate by approximately 15% from its current level. Based on his analysis, Kaleo suggests that the key support zone for Solana is around $80, while the resistance zone is at $150.
At present, Solana is trading at $130.
Hot Take: Analyst’s Predictions
Based on Kaleo’s analysis and predictions:
- Avalanche (AVAX) could potentially see a 134% increase in value.
- Dogecoin (DOGE) might experience a significant appreciation against Bitcoin (BTC).
- Solana (SOL) has the potential to appreciate by around 15% from its current level.
These insights can be valuable for crypto investors looking for potential opportunities in the market.
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