A widely followed crypto analyst is predicting epic rallies for a trio of altcoins that includes smart contract platforms Ethereum (ETH) and Avalanche (AVAX).
The pseudonymous analyst known in the industry as Kaleo tells his 537,300 Twitter followers that Ethereum is likely gearing up for a massive rally that’ll see its value rise above $4,000 by July 2023.
“More bullish price action loading soon.”
Looking at the analyst’s chart, it appears that Kaleo is predicting a deep correction back to below $2,000 per ETH after the leading smart contract platform reaches his target.
At time of writing, ETH is trading at $1,608, a 3.5% increase on the day.
As for Avalanche, Kaleo expects the top Ethereum rival to pull off a 185% surge toward his target of $52 as he believes the coin has ended its multi-month accumulation period.
“Winter is upon us.”
At time of writing, AVAX is valued at $18.22.
Another coin that Kaleo believes to be setting up for a big run is decentralized exchange SushiSwap (SUSHI). According to the analyst, a 174% surge toward his target for SUSHI sounds “reasonable.”
“SUSHI capitulated 96% down from its all-time high to its bear market low… A relief bounce back to the $5 range seems pretty reasonable.”
At time of writing, SUSHI is changing hands for $1.82.
As for Bitcoin, Kaleo thinks BTC is ready for a quick rally to $21,600.
“Send it another leg higher with haste.”
At time of writing, Bitcoin is changing hands for $20,707.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
Credit: Source link
