A widely followed crypto strategist believes that two altcoins running on the Ethereum (ETH) network are gearing up for a burst to the upside.
Pseudonymous analyst Kaleo tells his 606,600 followers on the social media platform X that he’s bullish on ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.
The analyst shares a chart that suggests APE is taking out a diagonal resistance that has kept the altcoin in a downtrend for over a year and a half.
“Not fading this APE breakout. Up until the last month, BLUR and LOOKS have both traded in lockstep with APE. NFTs are starting to pick up some momentum. I see it as only a matter of time before APE catches up.
Just for reference: – BLUR is up 320% from the lows – LOOKS is up 235% from the lows – APE is up 65% from the lows.”
Source: Kaleo/X
At time of writing, APE is trading for $1.69, up over 12% in the last 24 hours.
The analyst is also keeping a close watch on the mo
We współpracy z: https://dailyhodl.com/2023/11/26/crypto-analyst-predicts-rallies-for-two-ethereum-based-altcoins-updates-forecast-on-bitcoin-btc/
