A highly regarded crypto trader, known as Kaleo, has made predictions about the future performance of several altcoins, including Dogecoin (DOGE) and Pepe (PEPE). Kaleo believes that DOGE is set for a bullish continuation, having broken through its diagonal resistance on the four-hour chart. He suggests that if DOGE manages to surpass its horizontal resistance at $0.072, it could experience breakout rallies. Kaleo expects DOGE to accelerate above this level and potentially reach the early June pre-breakdown/capitulation level.
Pepe, another meme token, is also on Kaleo’s radar. According to him, Pepe is gearing up for a rally after surpassing its diagonal resistance on the four-hour chart. He anticipates that Pepe could reach the high $0.0000020s from its current position, similar to a previous leg up seen in mid-June.
Polygon (MATIC), an Ethereum (ETH)-scaling solution, is another altcoin that Kaleo is closely monitoring. He believes that if MATIC reclaims $0.75 as support, it could rally above $1.00. He cautions against getting too greedy and expresses contentment with a move just over $1.00 in USD.
Injective (INJ), a decentralized derivatives exchange, is also expected to see more rallies, according to Kaleo. He believes that INJ has already broken high timeframe resistance on the USD chart. If INJ reclaims the April highs of approximately $9.50, Kaleo predicts further acceleration above this level.
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Binance Coin (BNB), the utility token of the largest crypto exchange, is the final altcoin in Kaleo’s predictions. He suggests that BNB may have carved a local bottom and could be on its way to its range highs at around $300. Kaleo’s expectations for BNB are not too greedy, as he simply wants to see a return to the $300 – $350 range.
Disclaimer: The opinions expressed by Kaleo are not investment advice. It is crucial for investors to conduct their own due diligence before engaging in high-risk investments in cryptocurrencies. Transfers and trades are undertaken at the individual’s own risk, and any losses incurred are their responsibility. Kaleo does not recommend the buying or selling of any cryptocurrencies or digital assets, and he is not an investment advisor. Please note that affiliate marketing participation is present on The Daily Hodl platform.
In conclusion, Kaleo is predicting potential surges for altcoins, including DOGE, Pepe, MATIC, INJ, and BNB. These predictions are based on technical analysis and the breaking of key resistance levels. However, it’s important for investors to do their own research and exercise caution when making investment decisions in the volatile cryptocurrency market.
