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.
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The post Crypto Analyst Says Ethereum Competitor To Rip Higher, Predicts Outlook on Dogecoin and One More ETH Rival appeared first on The Daily Hodl.
