A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins including Cosmos (ATOM) and Gala (GALA).
Pseudonymous analyst Kaleo tells his 608,200 followers on the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos.
According to Kaleo, ATOM is gearing up to take out its diagonal resistance at around $9.50.
“Time for ATOM to run it back to the highs and finally send above $10.”
Looking at the trader’s chart, he seems to predict that ATOM may surge to as high as $11.50.
At time of writing, ATOM is trading for $9.59.
Looking at the native asset of the blockchain-based gaming platform Gala, Kaleo thinks that GALA is poised to hit his upside target of around $0.06 after the altcoin broke out of its bear market diagonal resistance.
“A bit surprised we haven’t seen GALA make any big moves yet.
A return to the 2023 highs feels programmed from here.”
At time of writing, GALA is worth $0.027.
The trader is also keeping an eye on Stacks (STX), crypto project designed to power apps and smart contracts on Bitcoin (BTC). According to Kaleo, STX could rally to as high as $1 after taking out its diagonal resistance.
“STX should fly when it clears $0.80
Might see a bit of a pullback before it does it, but any dips before it breaks above that resistance are for buying.”
At time of writing, STX is trading for $0.86, above Kaleo’s key resistance area.
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