A widely followed crypto trader is warning people to not forget about leading meme crypto asset Dogecoin (DOGE), and he’s also flipping bullish on one Solana-based digital asset.
The pseudonymous trader known as Kaleo tells his 356,000 Twitter followers that he’s bullish on DOGE.
— K A L E O (@CryptoKaleo) August 20, 2021
Looking at Dogecoin against Bitcoin (BTC), Kaleo says that DOGE/BTC will continue going on a tear until it meets the high timeframe (HTF) resistance of 0.000009 BTC, worth $0.44 at time of writing.
“Here’s the game plan – Dogecoin will continue to melt higher until it hits the HTF resistance on the BTC pair around 900 [satoshis]. This is where you should be stacking, because when it breaks that line. It’s over (aka giga-send above $1.00).”
Kaleo is also bullish on Kin, the cryptocurrency for the messaging service Kik. The trader says that Kin is one of the cheapest coins in the Solana ecosystem and has been enjoying some promising price action. According to Kaleo, Kin may be ready to break out to the next major resistance.
“KIN looks ready for another leg higher”
At time of writing, Kin is trading at $0.00017, up more than 1,300% over the last year according to CoinGecko.
Last week, Kaleo said that Internet of Things blockchain Helium (HNT) was flirting with a critical resistance. With HNT above that resistance, the trader says that the nascent altcoin is in “price discovery” mode and could be ready to hit a price somewhere above $30.00.
There’s your price discovery breakout.
At time of writing, HNT is trading at $22.88, according to CoinGecko.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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