Crypto Analyst Forecasts Bullish Future for Ethereum Competitor, Anticipates Dogecoin’s Prospects and Another ETH Rival
In a bold prediction, well-known crypto analyst Kaleo suggests that Avalanche (AVAX) and Solana (SOL) are poised to experience significant breakthroughs against Bitcoin (BTC). Kaleo, who has a large following of 638,000 on X, anticipates that AVAX could surge by more than 84% from its current value against BTC. Analyzing the chart, he observes a bullish flag pattern on the daily chart for AVAX/BTC, indicating a potential rise to 0.000950 BTC ($62.13). At present, AVAX/BTC is trading at 0.000515 BTC ($33.89), with a decrease of over 3% in the last 24 hours. Moving on to Solana, Kaleo notes a bullish pattern of higher high and higher low prices on the daily chart for SOL/BTC, suggesting that it could soon surpass the 0.0032 BTC ($209) level. He emphasizes that SOL/BTC is a strong long-term investment opportunity. In the last 24 hours, SOL/BTC has increased by more than 3%, currently trading at 0.00243 BTC ($160). Lastly, Kaleo predicts that Dogecoin (DOGE) will experience a breakout similar to its 2021 pattern when it rallied after GameStop (GME) reached its market top. He points out that DOGE is overdue for a significant pump and believes it’s almost time for it to happen. Currently, DOGE is trading at $0.15, showing a slight increase in the last 24 hours. As always, investors are advised to conduct their own research and exercise caution when investing in cryptocurrencies or digital assets.