Cloud Hosting

A widely followed crypto trader believes that a trio of altcoins are gearing up for big moves to the upside.

Pseudonymous analyst Kaleo tells his 620,300 followers on the social media platform X that hes bullish on the native asset of ORDI (ORDI), a crypto project that aims to bring non-fungible token (NFT) capabilities to the Bitcoin (BTC) blockchain.

The trader shares a chart that shows ORDI has broken above its diagonal resistance, suggesting that the coin is poised to start the next leg up.

ORDI looks ready to absolutely rip.

Last week, Kaleo said ORDI could rally on the back of BTCs strength.

Bitcoin looks primed for continuation higher as equities are continuing to print new all-time highs. Betting on BTC narratives seems like a no-brainer play here. Ordinals are going to play a huge role this cycle, and Id be surprised if we dont see the ORDI chart make another leg up.

Based on the traders chart, he seems to predict that ORDI will rise to a new all-time high of $130. At time of writing, ORDI is worth $68.23.

Next up, Kaleo says hes keeping a close watch on the smart contract platform Avalanche (AVAX). According to Kaleo, AVAX is primed to rally toward its 2023 high after breaching its diagonal resistance.

AVAX is about to rip back above $50, but you wouldnt bullieve it.

At time of writing, AVAX is worth $39.37, down about 5% in the last 24 hours but still above Kaleos resistance.

The last coin on the traders radar is the native asset of the decentralized exchange protocol THORChain (RUNE). Kaleo says RUNE looks bullish against Bitcoin (RUNE/BTC), and he sees the pair rallying to its highs at around 0.00049807 BTC ($24.64).

RUNE/BTC looks similar with a high time frame breakout followed by a clean retest which looks ready to send back to the highs.

At time of writing, RUNE/BTC is trading for 0.00010475 BTC ($5.18).

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

Read the rest here:
Trader Predicts Big Surge for Bitcoin Ecosystem Altcoin and Two Additional Crypto Assets Here Are His Targets - The Daily Hodl