dailyhodl.com
A widely followed cryptocurrency analyst and trader is forecasting the path forward for three crypto assets.
Starting with the Ethereum (ETH) competitor Avalanche ($AVAX), the analyst pseudonymously known as Kaleo tells his 622,700 followers on the social media platform X that the native token of the layer-1 blockchain could go up by approximately 134% from the current level.
“Initially was expecting $AVAX to rip to $60 – $70 for the next leg up, but with the way Bitcoin has been moving recently I wouldn’t be shocked if we see a move straight to $100+ similar to what Solana did a little while ago.”
Avalanche is trading at $42.65 at time of writing, up by around 14% over the past seven days.
Next up is Dogecoin (DOGE). The widely followed crypto analyst and trader says that the leading memecoin could appreciate against Bitcoin ($BTC) in a “violent move”.
Dogecoin is trading at 0.00002028 $BTC ($0.127) at time of writing.
Next up is Solana (SOL). According to Kaleo, Solana could appreciate by around 15% from the current level. Based on the pseudonymous analyst’s chart, it appears that he is suggesting that the key levels for Solana are around $80 as a support zone and $150 as a resistance zone.
Solana is trading at $130 at time of writing.
Generated Image: DALLE3