Kaleo, one of the well-known cryptocurrency whales, predicts strong fluctuations for the bottom 5 altcoins. It has been on the radar of the experienced investor in curious cryptos such as DOGE and MATIC.
Kaleo identifies new opportunities for bottom 5 cryptocurrencies
Kaleo was right in his predictions earlier this year when the BTC price was bottoming out. In current analysis, he talks about new opportunities for 5 high-volume altcoins like DOGE and MATIC. According to the analyst, DOGE price cleared the diagonal resistance on the four-hour chart. Dogecoin, which has suffered from volatility for a while, is now ready to continue its uptrend.
Technically speaking, the horizontal resistance at $0.072 is critical in DOGE price, Kaleo said. The analyst predicts that the bulls will press for higher levels after this level. In their recent analysis, “We saw a decent break of resistance for DOGE on the USD chart. Acceleration above $0.072 is expected (early June pre-failure/capitulation level)” he wrote.
Pepe (PEPE)
Kaleo then highlighted new opportunities in the PEPE chart. According to their analysis, PEPE broke above its cross resistance on the four-hour chart. The meme token, which has been trending since April, is gearing up for a new rally, according to Kaleo.
Polygon (MATIC)
As for MATIC, retrieving $0.75 will be critical, according to Kaleo. The analyst says that the bulls will press for $1.00 after this level. MATIC is currently trading slightly below this level at $0.6787.
cryptocoin.comAs you can follow, PEPE became a trend again last week with the launch of 2.0. Other meme tokens participating in the 2.0 stream include projects such as Floki 2.0 and Bobo 2.0.
Injective (INJ)
Kaleo said the INJ chart suggests a rally above $9.50. INJ price is currently trading at $8.24. According to the analyst, “INJ has already broken the higher timeframe resistance on the USD chart. An acceleration above the April highs of around $9.5 is expected.”
BNB Coin (BNB)
The analyst finally took a look at the BNB chart. According to Kaleo, BNB is currently using these levels as support after possibly falling to the $222.07 region. As the next target, the analyst predicts that the BNB price will bounce back up to $300. However, he adds that dominant bulls will try their luck for new highs.
According to Kaleo, “Without being too greedy, I just want to see a return to the $300-$350 range.” BNB price is currently trading at $239.17. It gained around 2% in value compared to the last 24 hours.
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