Analyst Predicts Upward Squeeze for Cosmos and One Additional Altcoin, Updates Outlook on One Crypto Asset
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 long.”
Wanting on the dealer’s chart, it seems to recommend that ATOM has taken out a multi-month diagonal resistance with the subsequent 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 increased.”
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 seems to be primed for a rally towards $0.65 first with the subsequent goal at $1.
“GMT is still up >10% the past couple of days since entry even after the retrace. I’m holding and trusting the plan.”
At time of writing, GMT is buying and selling for $0.30.
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