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Analyst Says Ethereum Rival Could Skyrocket by Over 130%, Updates Outlook on Dogecoin and Solana

March 1, 2024
in Altcoin
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A broadly adopted cryptocurrency analyst and dealer is forecasting the trail ahead for 3 crypto belongings.

Beginning with the Ethereum (ETH) competitor Avalanche (AVAX), the analyst pseudonymously referred to as Kaleo tells his 622,700 followers on the social media platform X that the native token of the layer-1 blockchain might go up by roughly 134% from the present stage.

“Initially was anticipating AVAX to tear to $60 – $70 for the subsequent leg up, however with the way in which Bitcoin has been transferring not too long ago I wouldn’t be shocked if we see a transfer straight to $100+ much like what Solana did a short while in the past.”

Supply: Crypto Kaleo/X

Avalanche is buying and selling at $42.65 at time of writing, up by round 14% over the previous seven days.

Subsequent up is Dogecoin (DOGE). The broadly adopted crypto analyst and dealer says that the main memecoin might respect towards Bitcoin (BTC) in a “violent transfer”.

Supply: Crypto Kaleo/X

Dogecoin is buying and selling at 0.00002028 BTC ($0.127) at time of writing.

Subsequent up is Solana (SOL). In response to Kaleo, Solana might respect by round 15% from the present stage. Based mostly on the pseudonymous analyst’s chart, it seems that he’s suggesting that the important thing ranges for Solana are round $80 as a assist zone and $150 as a resistance zone.

Supply: Crypto Kaleo/X

Solana is buying and selling at $130 at time of writing.

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