Two notorious major cryptocurrency players have predicted rally for DOGE, SOL and APT based on upcoming major technical moves.
Kaleo reports Dogecoin (DOGE) strengthens against BTC
Kaleo, a popular crypto whale, thinks that Bitcoin (BTC) and the rest of the market won’t hit new highs until at least next year. In his current analysis, he says many crypto investors are “lost in the noise of $1,000 candles” and fail to see the big picture for BTC, altcoins and NFTs.
At the time of writing, Bitcoin is trading in the 29,200 region, where it is down over 3% on the day. The leading crypto gained momentum on the downside at the same time as the 16,000 BTC sale from Binance spot today. Still, Kaleo says that in the long run, $40,000 will be a magnet for BTC.
it's the gameplan I've stuck to since
so yes I'll continue to share "$40K is a magnet" until it plays out
from there I'll switch more neutral / risk off through the end of 2023 / early 2024
from there foot on gas for alts & NFTs
— K A L E O (@CryptoKaleo) April 17, 2023
The analyst also reports that, regardless of the recent drop, Dogecoin has strengthened against BTC. According to the analysis, it may be a matter of time before the DOGE/BTC pair breaks above a critical resistance.
At this point, Kaleo expects the downward trend on the DOGE/BTC chart to be broken to the upside, as indicated in the chart below.
In the meantime, let’s mention that a critical date is approaching for Dogecoin. Dogeday, where the internet will show great interest, takes place on April 20 of every year. Kaleo said that this development could lead to movement in the DOGE price.
Cantering Clark sets new highs for SOL and APT
Another whale investor, Cantering Clark, said SOL could recover up to 23% in the short term. According to their analysis, if we can remove $27, $30 could be a reasonable target target for the next two weeks.
The SOL price was also down over 5% at the time of writing. If Clark’s expectations come true, $23.33 would mean a 30% gain from the current price level.
Cantering Clark also says he is bullish on Dogecoin (DOGE) and Aptos (APT). In his BTC analysis, he reported that the bulls will not be able to breathe until a key resistance level is broken.
Pay attention to these levels in Bitcoin price
Despite gains in the past months, Cantering Clark says he still feels cautious about Bitcoin’s overall prospects. According to the analyst, Bitcoin could potentially witness a major selling event as long as it trades below the key $34,000 resistance level. In Clark’s words:
Followers are asking why I’m starting to be cautious around $28,000. The entire $28,000-32,000 area had the potential to be a pretty decent sticking point. There’s a reason I never give too much back to the market. I bought it before the FTX bankruptcy in November, added it back at the lows, and bought it again at $20,500. I will sleep with one eye open until it meaningfully returns to the 2021 range.
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