Analyst Says Ethereum Rival Could Skyrocket by Over 130%, Updates Outlook on Dogecoin and Solana
A widely followed cryptocurrency analyst and trader is forecasting the path forward for three crypto assets.
Starting with the Ethereum (ETH) competitor Avalanche (AVAX), the analyst pseudonymously known as Kaleo tells his 622,700 followers on the social media platform X that the native token of the layer-1 blockchain could go up by approximately 134% from the current level.
“Initially was expecting AVAX to rip to $60 – $70 for the next leg up, but with the way Bitcoin has been moving recently I wouldn’t be shocked if we see a move straight to $100+ similar to what Solana did a little while ago.”
Source: Crypto Kaleo/X
Avalanche is trading at $42.65 at time of writing, up by around 14% over the past seven days.
Next up is Dogecoin (DOGE). The widely followed crypto analyst and trader says that the leading memecoin could appreciate against Bitcoin (BTC) in a “violent move”.
Source: Crypto Kaleo/X
Dogecoin is trading at 0.00002028 BTC ($0.127) at time of writing.
Next up is Solana (SOL). According to Kaleo, Solana could appreciate by around 15% from the current level. Based on the pseudonymous analyst’s chart, it appears that he is suggesting that the key levels for Solana are around $80 as a support zone and $150 as a resistance zone.
Source: Crypto Kaleo/X
Solana is trading at $130 at time of writing.
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