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Analyst Predicts Upward Squeeze for Cosmos and One Additional Altcoin, Updates Outlook on One Crypto Asset

November 28, 2023
in Altcoin
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A extensively adopted crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a transfer up.

Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he’s bullish on ATOM as he believes that the altcoin is “due for a squeeze.”

“I’m lengthy.” 

Supply: Kaleo/X

Wanting on the dealer’s chart, it seems to recommend that ATOM has taken out a multi-month diagonal resistance with the subsequent space of resistance at $16. At time of writing, ATOM is price $9.69.

One other coin on the dealer’s radar is Worldcoin (WLD), a crypto mission based by OpenAI creator Sam Altman. In line with the analyst, WLD is threatening to launch a breakout rally after shifting above resistance at $2.55.

“Picked up a bag of WLD.

Good little pennant breaking above July highs, the market is bullish = ship it increased.” 

Image
Supply: Kaleo/X

At time of writing, WLD is price $2.62.

The analyst can also be updating his outlook on the move-to-earn mission STEPN (GMT). In line with the crypto strategist, GMT is now above the resistance of an ascending channel and appears primed for a rally towards $0.65 first with the subsequent goal at $1.

“GMT remains to be up >10% the previous couple of days since entry even after the retrace. I’m holding and trusting the plan.” 

Image
Supply: Kaleo/X

At time of writing, GMT is buying and selling for $0.30.

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Tags: AdditionalAltcoinAnalystAssetCosmoscryptoOutlookPredictsSqueezeUpdatesUpward
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