A widely followed crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a move up.
Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he’s bullish on ATOM as he believes that the altcoin is “due for a squeeze.”
“I’m long.”
Looking at the trader’s chart, it appears to suggest that ATOM has taken out a multi-month diagonal resistance with the next area of resistance at $16. At time of writing, ATOM is worth $9.69.
Another coin on the trader’s radar is Worldcoin (WLD), a crypto project founded by OpenAI creator Sam Altman. According to the analyst, WLD is threatening to launch a breakout rally after moving above resistance at $2.55.
“Picked up a bag of WLD.
Nice little pennant breaking above July highs, the market is bullish = send it higher.”
At time of writing, WLD is worth $2.62.
The analyst is also updating his outlook on the move-to-earn project STEPN (GMT). According to the crypto strategist, GMT is now above the resistance of an ascending channel and looks primed for a rally toward $0.65 first with the next target at $1.
“GMT is still up >10% the past couple of days since entry even after the retrace. I’m holding and trusting the plan.”
At time of writing, GMT is trading for $0.30.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Analyst Predicts Upward Squeeze for Cosmos and One Additional Altcoin, Updates Outlook on One Crypto Asset appeared first on The Daily Hodl.