A crypto strategist and trader closely followed by the crypto community; He predicts that Solana and Terra will experience monstrous rallies while he expects an under-appreciated altcoin to rise.
The analyst, known in the industry as Kaleo, tells his 393,800 Twitter followers that Ethereum rival Solana (SOL) has emerged from the downtrend and is currently in the early stages of a major rally.
“SOL is going exactly as planned so far.”
According to the trader’s chart, SOL has the potential to go up to $300. This increase means that the altcoin could potentially gain about 80 percent from its current value of $168.
Another cryptocurrency on Kaleo’s radar is Terra (LUNA), a decentralized finance (DeFi) payment network. According to Kaleo, Terra is showing signs of strength against Bitcoin (LUNA/BTC) after breaking out of a falling/falling wedge structure, which is a bullish continuation pattern.
“The upper resistance of the LUNA/BTC pair will not last forever.”
$LUNA / $BTC upper resistance won’t hold forever pic.twitter.com/0LgEg0nQYt
— KALEO (@CryptoKaleo) October 3, 2021
Kaleo predicts a more than 125 percent gain for LUNA from the current level of 0.0009 BTC ($44.37) towards its target of 0.002 BTC ($100.32).
Kaleo is also evaluating QTUM, a blockchain platform for businesses. According to the analyst; QTUM, one of the tier-1 solution platforms that it has been most interested in since its first entry into the cryptocurrency world, seems to be on the verge of a larger rally after retesting the previous high time frame (HTF) resistance as support.
“QTUM looks solid here. HTF broke the multi-year base range, followed by spooling on retest, [bu da] It means he looks ready for ascension.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.