A respected crypto trader is hot of the season Altcoins and made some compelling predictions about their performance in the third quarter, including the social media frenzy meme coins Dogecoin (DOGE) and Pepe (PEPE).
DOGE Ready to Rise
Analyst nicknamed Kaleo DOGEHe shared opinions showing that ‘s is ready to continue the rise. Kaleo marks a notable breakout of DOGE’s diagonal resistance on the four-hour chart, indicating a potential bullish trajectory.
The analyst also suggests that if DOGE successfully surpasses the horizontal resistance at $0.072, it could witness significant breakout rallies. In particular, Kaleo points out a previous break of resistance on the USD chart. Acceleration is expected beyond the key threshold of $0.072, reminiscent of its importance before the early June crash and subsequent capitulation. However, currently DOGE is trading at $0.068. It causes investors to eagerly wait for the anticipated bullish wave to potentially materialize.
PEPE to Repeat Mid-June Rally
Next up is another important meme token that also caught Kaleo’s attention. Pepe there is. The altcoin seems to be preparing for a significant rally after breaking the diagonal resistance on the four-hour chart. Kaleo predicts that PEPE could rise as high as $0.0000020 from its current position, reflecting the previous notable rise witnessed in mid-June. As PEPE has a current value of $0.00000172, market participants are watching its progress closely in hopes of a significant upward move.
MATIC Targets $1.00
Analysis, an Ethereum (ETH) scaling solution polygonIt extends to (MATIC). The analyst believes that if MATIC regains $0.75 as a solid support level, it could potentially rise above $1.00. Highlighting a satisfied outlook for MATIC with a move just above $1.00 in USD, the analyst demonstrates his optimism about the altcoin’s growth potential. Currently trading at $ 0.696, MATIC draws attention as investors predict that Kaleo will proceed in line with their predictions.
Can INJ Break The $9.50 Level?
Injective (INJ), a decentralized derivatives exchange, is emerging as another altcoin of interest in Kaleo’s analysis. The analyst notes that INJ has already surpassed the higher timeframe resistance on the USD chart and retraced April highs, laying the groundwork for potential acceleration after potentially reaching the $9.50 mark. As INJ is currently valued at $8.58, market participants are eagerly watching the altcoin’s journey as it seeks to meet Kaleo’s target price.
Exchange Coin Targets Highs
Finally, Binance Coin (BNB), the service coin associated with the world’s largest crypto exchange, stands out from Kaleo’s analytics perspective. The analyst suggests that BNB may already have formed a local bottom and is heading towards the highs of the range, specifically around $300.
It aims to return to the $300-$350 range, voicing its modest expectations for BNB. As BNB is currently trading at $242, investors remain hopeful for potential gains.
As alt season picks up pace, these major cryptocurrencies stand out and offer potential opportunities for investors. Kaleo’s insightful analysis sheds light on its target potential by providing valuable insights for navigating the altcoin market.
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