Analyst Says Top-20 Altcoin About To Skyrocket by Over 120%, Maps Path Forward for Polygon and Injective

A widely followed crypto analyst and trader is predicting one Ethereum (ETH) rival is on the verge of a massive breakout.

The analyst pseudonymously known as Kaleo tells his 626,600 followers on the social media platform X that layer-1 blockchain Avalanche ($AVAX) could soar more than 129% from its current value.

“$AVAX is about to rip to $100 but you wouldn’t bullieve it.”

Avalanche is trading for $43.52 at time of writing, up nearly 4% in the last 24 hours.

Next up, the trader is turning bullish on layer-2 scaling solution Polygon (MATIC).

“Just looked at the MATIC [daily] chart for the first time in a while and damn. It’s about to run it back to the highs isn’t it?”

Source: Kaleo/X

Looking at his chart, the trader suggests MATIC is in a bullish trend reversal after breaking out to the upside of a descending trendline.

MATIC is trading for $1.16 at time of writing, up nearly 4% in the last 24 hours.

Lastly, the trader says the native asset of the decentralized exchange (DEX) Injective ($INJ) has more upside potential.

“$INJ is back to range highs and doesn’t look like it wants to slow down. Send it.”

Source: Kaleo/X

Looking at his chart, the trader seems to predict $INJ will soar more than 71% from its current value to $74.

$INJ is trading for $43.05 at time of writing, up more than 9% in the last 24 hours.

Generated Image: DALLE3