Widely followed crypto trader is warning people to remember the main cryptocurrency asset Dogecoin (DOGE), and it is bullish on a Solana-based digital asset as well.
The pseudonymous trader known as Kaleo tells his 356,000 Twitter followers that he is bullish on DOGE.
– KALEO (@CryptoKaleo) August 20, 2021
Looking at Dogecoin against Bitcoin (BTC), Kaleo says DOGE / BTC will continue to tear apart until it hits the high duration resistance (HTF) of 0.000009 BTC, worth $ 0.44. at the time of writing.
“Here is the game plan – Dogecoin will continue to melt higher until it reaches the HTF resistance on the BTC pair around 900 [satoshis]. This is where you should stack it, because when it breaks that line. It’s over (aka giga-send over $ 1.00). “
Kaleo is also bullish on Kin, the cryptocurrency of the Kik messaging service. The trader says Kin is one of the cheapest coins in the Solana ecosystem and has benefited from promising price action. According to Kaleo, Kin might be ready to move on to the next major resistance.
“KIN looks ready for another leg higher”
At the time of writing, Kin is trading at $ 0.00017, up more than 1,300% from last year, according to CoinGecko.
Last week, Kaleo said the Internet of Things blockchain Helium (HNT) was flirting with critical resistance. With HNT above this resistance, the trader says the nascent altcoin is in “price discovery” mode and might be ready to hit a price somewhere above $ 30.00.
There is your price discovery breakout.
At the time of writing, HNT is trading at $ 22.88, according to CoinGecko.
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Featured Image: Shutterstock / Aleksandr Morrisovich