A popular crypto trader thinks that Avalanche is a real thing.AVAX()-based Altcoins are gearing up to have a huge breakout.
Pseudonymous analysts Kaleo tells His 620,300 social media followers on platform X were told by him that native governance tokens of TraderJoe(JOE), a decentralized automated market maker exchange (DEX) could rise more than 28 percent from their current value.
Chart of the trader suggests that JOE could be in an uptrend after it has broken through a bullish line. He also believes the token’s growth could increase due to a recent announcement The Avalanche Foundation actively supports memecoin in its ecosystem.
“This is the JOE chart. It’s primed for a massive move. Just needs a little spark to send it above the resistance in this lower range that it’s currently sitting at. Increased swap volume from the attention that the above [memecoin support] announcement will lead to should be that spark.”
Trader predicts JOE is likely to trade at a price higher than $1.
“Alright bros, final warning before takeoff. JOE is about to send to $1.00-plus on the next leg up.”
The trader seems to be suggesting that JOE will continue to bounce up from the support level of $0.77.
JOE currently trades at $0.77, a small increase from the previous 24 hours.
It is important to note that the trader also includes the buyer. predicting Ethereum (ETH) competitor Solana (SOLAfter breaking through a bullish pattern in the $150 area, ) is expected to soar up to $200.
“SOL with the breakout. Send it to $200 with haste.”
Solana currently trades for $165.73, an increase of more than 4.5% over the past 24 hours.
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Source: dailyhodl.com