Avalanche

<div class="dailyhodl"> 
 A widely followed crypto trader believes that one Avalanche (AVAX)-based altcoin is gearing up for a massive breakout. 
 Pseudonymous analyst Kaleo tells his 620,300 followers on the social media platform X that the native governance token of TraderJoe (JOE), an automated market maker (AMM) decentralized exchange (DEX), could soar more than 28% from its current value. 
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">    
 </div> 
 The trader’s chart suggests JOE’s uptrend could continue after breaking through a bullish trendline. He also believes the token’s&nbsp;growth could increase due to a recent announcement by the Avalanche Foundation to actively support memecoin projects 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.” 
 <figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIoewcPWEAAND02?format=jpg&amp;name=large" alt="Image" width="1800" height="809">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure> 
 The trader predicts that JOE will eventually trade for more than $1. 
 “Alright bros, final warning before takeoff. JOE is about to send to $1.00-plus on the next leg up.” 
 <figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIjWBveXIAAsyUt?format=jpg&amp;name=large" alt="Image" width="1166" height="2048">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure> 
 Looking at the trader’s chart, he seems to suggest that JOE is holding the key level around $0.77 as support and will bounce higher. 
 JOE is trading for $0.77 at time of writing, up slightly in the last 24 hours. 
 The trader is also predicting that Ethereum (ETH) competitor Solana (SOL) will soar to $200 after breaking out of a bullish trendline in the $150 range. 
 “SOL with the breakout. Send it to $200 with haste.” 
 <figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIkNTgxXAAAq3N_?format=jpg&amp;name=large" alt="Image" width="1810" height="817">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure> 
 Solana is trading for $165.73 at time of writing, up more than 4.5% in the last 24 hours.&nbsp; 
</div>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-says-avalanche-based-altcoin-primed-for-a-massive-move-updates-outlook-on-solana-tbt82560.html">https://thebittimes.com/crypto-analyst-says-avalanche-based-altcoin-primed-for-a-massive-move-updates-outlook-on-solana-tbt82560.html</a>

Crypto Analyst Says Avalanche-Based Altcoin Primed for a Massive Move, Updates Outlook on Solana

TheBitTimes

2024년 3월 14일에 게재된 다른 기사

Bittensor, Fetch.ai bullish despite dip as AltSignals offers buy opportunity

OpenAI swoops up French and Spanish news partners for AI chatbot training

UK Treasury proposes regulatory overhaul for crypto assets and money laundering

EU Introduces Stringent AI Regulations for Responsible Development and Deployment

Price Analysis: The Price Of Solana (SOL) Increased More Than 8% Within 24 Hours

VAIOT (VAI) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!