High profile pseudonymous trader Kaleo is naming three crypto assets that are preparing to ascend to fresh higher highs amid a market-wide correction.
As the crypto sector loses nearly 20% of its value in a ten-day period, the analyst tells his 233,000 subscribers that Dogecoin (DOGE) still looks strong.
Kaleo anticipated that the asset would briefly dip, but now says the meme coin appears ready to climb up to $1.00.
“There was your little dip. Now, make the meme a reality. Send it.”
Doge has cooled off a bit since its more than 300% run up in the past two weeks, but has still managed to maintain a spot in the top ten assets by market cap.
Another asset that Kaleo says has not lost steam is smart contract platform Solana (SOL), which is up a whopping 218% in the past 30 days.
Solana looks particularly appealing in its BTC pair (SOL/BTC), notes Kaleo, correctly predicting that it was ready to break out.
“SOL/BTC. Well that was fast. So close to a new all time high and price discovery. Send it…
SOL is such a tank.”
The third crypto asset Kaleo is watching amid the crypto correction is proof of stake blockchain platform Terra (LUNA), which he believes is on the verge of breaking out in its BTC pair (LUNA/BTC).
“I just longed LUNA for the first time ever. BTC pair looks strong. Looking for this breakout to strengthen and continue into price discovery.”
Kaleo says LUNA will likely move up in its USD pair as well, breaking above resistance at around $16.
“LUNA will break the line.”
Since Kaleo tweeted about LUNA, the asset has broken the line of resistance the trader drew and is up 10% on the day, hovering around $18 at time of writing.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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/Art Furnace
Credit: Source link
