dailyhodl.com
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.
“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.
Generated Image: Midjourney