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Analyst Predicts Upward Squeeze for Cosmos and One Additional Altcoin, Updates Outlook on One Crypto Asset

November 28, 2023
in Altcoin
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A broadly adopted crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a transfer up.

Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he’s bullish on ATOM as he believes that the altcoin is “due for a squeeze.”

“I’m lengthy.” 

Supply: Kaleo/X

Trying on the dealer’s chart, it seems to recommend that ATOM has taken out a multi-month diagonal resistance with the following space of resistance at $16. At time of writing, ATOM is value $9.69.

One other coin on the dealer’s radar is Worldcoin (WLD), a crypto undertaking based by OpenAI creator Sam Altman. Based on the analyst, WLD is threatening to launch a breakout rally after shifting above resistance at $2.55.

“Picked up a bag of WLD.

Good little pennant breaking above July highs, the market is bullish = ship it larger.” 

Image
Supply: Kaleo/X

At time of writing, WLD is value $2.62.

The analyst can be updating his outlook on the move-to-earn undertaking STEPN (GMT). Based on the crypto strategist, GMT is now above the resistance of an ascending channel and appears primed for a rally towards $0.65 first with the following goal at $1.

“GMT remains to be up >10% the previous couple of days since entry even after the retrace. I’m holding and trusting the plan.” 

Image
Supply: Kaleo/X

At time of writing, GMT is buying and selling for $0.30.

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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in affiliate internet marketing.

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Tags: AdditionalAltcoinAnalystAssetCosmoscryptoOutlookPredictsSqueezeUpdatesUpward
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