It has been revealed that there are some rallies around the corner for important digital assets. Check out the latest predicitons below.
New crypto predictions are out
A crypto trader with a large following has made predictions about the rise of certain altcoins, including Dogecoin (DOGE) and Pepe (PEPE) memecoins.
The trader, known as Kaleo, believes that DOGE is headed for a bullish trend after breaking its diagonal resistance on the four-hour chart. Kaleo’s analysis suggests that if DOGE surpasses its horizontal resistance at $0.072, it could experience significant upward movements.
“We’ve already seen a decent resistance break for DOGE on the USD chart.
Expecting acceleration above a reclaim of $0.072 (early June pre-breakdown/capitulation level).”
At time of writing, DOGE is trading for $0.068.
Looking at fellow meme token Pepe, Kaleo believes that the altcoin is gearing up for a rally after moving above its diagonal resistance on the four-hour chart.
“Looking for PEPE to send to the high $0.0000020s from here for a leg up similar to the one we saw mid-June.”
Currently, the value of PEPE stands at $0.00000172. The strategist is also closely monitoring Polygon (MATIC), which is a scaling solution for Ethereum (ETH). According to Kaleo, if MATIC manages to regain $0.75 as support, its value could rise above $1.00.
“Don’t want to get too greedy. Content with a move to just over $1.00 for MATIC in USD.”
Bulls are coming back to the crypto markets
According to Real Vision founder Raoul Pal, he continues to hold a positive outlook on digital assets despite the bear market.
He has recently increased his investment in one of Ethereum’s (ETH) top competitors and shared a portfolio update during a Bankless interview. Pal, a former executive at Goldman Sachs, remains confident in his investment decisions.
“I don’t change it a lot. I’m very consistent in what I do. It’s still about 80% Solana, a small bit of Bitcoin, and a handful of other things that I bought just to feel the price. I don’t mention them on Twitter because then everyone destroys you and attacks you… Basically, it’s the same portfolio that I’ve had and I don’t really change it…”
