Kaleo, a well-known crypto whale, and technical analyst Inmortal talked about 2 altcoins that will price the latest developments in the market. Analysts, who expect a rise up to 10x, point to these developments.
Kaleo updated its forecasts for this altcoin amid Elon Musk news
Famous crypto whale Kaleo expects a big move for Dogecoin (DOGE) after Elon Musk’s new X-App plans. Kaleo speculates that Musk plans to integrate Dogecoin into Twitter. He thinks he will be able to make this statement in the near future.
In technical terms, the analyst said that Dogecoin’s chart against Bitcoin broke a long bearish resistance and turned bullish. However, he stated that in the short term, DOGE may experience a minor market correction.
According to the analyst, it is quite possible for Dogecoin to retrace the $0.10 level or even rise above it. Therefore, he emphasizes that it is a good opportunity to accumulate at the current levels of Dogecoin. DOGE is currently trading slightly higher above $0.7. Kaleo says he expects a bigger rise in the future. Current DOGE analyzes include:
If I had to guess, it would take a few days, maybe even a few more weeks, for Elon to tell us how he plans to integrate DOGE into X. I think he’s really doing something this time, and since X’s rebrand wasn’t just a coincidence, it’s a solid chance he’s included it in his bio.
I’ve been encouraging DOGE to build up in this range for months. I still think it’s a good place to add. When it finally rises above $0.10, that will happen quickly and in retrospect the entire timeline will say it’s obvious.
Inmortal predicts Solana price will reach $250
Another analyst taking a look at the SOL chart predicts that the altcoin will likely reach $250 at some point in 2025. Solana is currently trading at $24.30. It shows an increase of over 971% if Inmortal hits its target.
However, in the coming months, the analyst believes the SOL will likely drop below $20 before continuing the uptrend. “First $40, then $20,” he wrote in his current analysis.
Chainlink (LINK)
The analyst is also watching Chainlink (LINK) closely. LINK price took action last week with the news of the upgrade. Inmortal has already stated that it expects such a move.
Bitcoin (BTC)
Inmortal also predicts that if Bitcoin follows the timeline of the previous market cycle, it will again reach its ATH level of around $69,000 in the second half of 2024.
In the short term, it sees Bitcoin rallying behind the short squeeze. A short squeeze occurs when a squeeze caused by shorts triggers more rallies. According to the analyst:
Shorts are getting greedy. Let’s jam them up just for fun. Eyes at $30,400.
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