The cryptocurrency market rallied in a bear market amid rising expectations for the Fed pivot. This was followed by a meme coin rally led by Dogecoin, with Tesla CEO Elon Musk’s Twitter move. However, it is unclear how long this spring weather will remain in the market. In this environment, a crypto analyst nicknamed Kaleo is waiting for an epic rally for the leading altcoin Ethereum (ETH), Avalanche (AVAX) and a hot altcoin.
Kaleo is waiting for Ethereum to explode!
An analyst using the nickname Kaleo in the crypto market shared his new predictions to his 537,000 Twitter followers. The analyst expects a rally that will please its investors from the trio of altcoins, including the leading altcoin Ethereum (ETH) and Avalanche (AVAX). According to the crypto whale, Ethereum will rise above $4,000 by July 2023. The analyst, who predicts a more than 2.5x boom for the leading altcoin, makes the following statement:
More bullish price action loading soon.
Source: Kaleo / TwitterOn the other hand, Kaleo’s chart shows that the leading altcoin predicts a deep correction after reaching its target. In this correction, the analyst expects ETH to dive deep below $2,000. At press time, Ethereum was trading at $1,588, down 2.31% on a daily basis.
“Multi-month accumulation period is over, AVAX will continue its target”
The crypto whale then moves on to Avalanche (AVAX). Kaleo says he first believes the altcoin project has ended its multi-month accumulation period. Hence, he predicts that the strong Ethereum competitor will head towards his target of $52. The analyst’s estimate represents an increase of 185% when we consider the current AVAX price. For this prediction, Kaleo says:
Winter is upon us.
Source: Kaleo / TwitterAt press time, AVAX was changing hands at $1,826, down 1.39% on a daily basis. However, AVAX has recorded 14.5% gains on a weekly basis.
“A splash of relief for SUSHI is reasonable!”
The last altcoin that the analyst predicts to rally is the decentralized exchange SushiSwap (SUSHI). According to the crypto whale, it is perfectly reasonable for SUSHI to rally 174% towards its target. In this context, the analyst makes the following comment:
SUSHI saw a 96% drop from an all-time high to a bear market low. So a relief splash into the $5 range is quite reasonable.
Source: Kaleo / TwitterAt press time, SUSHI was trading at $1.77, down 2.13% over the past 24 hours.
Meanwhile, the analyst also takes a look at the leading crypto Bitcoin (BTC). Kaleo says BTC is ready for a quick rally to $21,600:
Quickly jump the other leg higher.
Source: Kaleo / TwitterAs you follow on Kriptokoin.com, the leading crypto is struggling at the $21,000 limit. At press time, Bitcoin is trading at $20,682, down 0.70% on a daily basis.
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