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A closely followed crypto analyst predicts one Ethereum ($ETH) competitor is about to have a massive breakout against Bitcoin ($BTC).
Pseudonymous trader Kaleo tells his 638,000 followers on the social media platform X that the smart contract platform Avalanche ($AVAX) could soar against $BTC by more than 84% from its current value.
“$AVAX/$BTC: I might be crazy bros, but I still believe $AVAX rips higher from here.”
Looking at his chart, the analyst suggests that $AVAX/$BTC is printing a bullish flag pattern on the daily chart and could soon reach 0.000950 $BTC ($62.13).
$AVAX/$BTC is trading for .000515 $BTC ($33.89) at time of writing, down more than 3% in the last 24 hours.
Next, the analyst predicts $ETH competitor Solana is about to soar against Bitcoin ($SOL/$BTC) after printing a bullish pattern on the daily chart of higher high prices and higher low prices.
He believes $SOL/$BTC could soon cross the 0.0032 $BTC ($209) level.
“$SOL/$BTC: Solana is still one of the biggest no brainer long plays out there. Don’t fight strength.”
$SOL/$BTC is trading for 0.00243 $BTC ($160) at time of writing, up more than 3% in the last 24 hours.
Lastly, the analyst predicts that Dogecoin ($DOGE) will breakout based on a 2021 pattern when the memecoin rallied after the soaring meme stock GameStop (GME) hit a market top. GME had a massive rally this week but has since retraced.
“I’m going to make this simple for you. Here’s a chart of Dogecoin versus GME. You may not remember this, but it was GameStop that led the way back in early 2021. It wasn’t until after it topped that $DOGE started sending. Dogecoin is overdue for a good pump. It’s almost time.”
$DOGE is trading for $0.15 at time of writing, up slightly in the last 24 hours.
beincrypto.com
newsbtc.com
cointelegraph.com