Kaleo: Solana ‘Probably Keeps Running Up’, Draws Path for CHZ & RAY
According to a top cryptocurrency analyst and trader, known as Kaleo, one well-performing altcoin is likely to keep carrying on upward trend. He also drew predictions on two other altcoins Chiliz (CHZ) and Raydium (RAY).
The popular analyst known in the industry as Kaleo, shared with his 360K Twitter followers that smart contract platform Solana’s (SOL) recent bullish momentum likely isn’t over as he expects the Ethereum competitor to launch a new rally.
“SOL probably keeps running up to HTF [high timeframe] resistance just shy of $100.”
The trader also looked into Chiliz (CHZ), the native token on sports-focused fintech platform socio.com. He says that CHZ is gearing up to take out the diagonal resistance that has kept the price of the altcoin depreciated since March.
“Keeping an eye on CHZ here. NFT [non-fungible tokens] tokens are starting to pick up steam again, and I wouldn’t be surprised to see Chiliz run it back to the spring highs when it’s able to break out of the HTF resistance here.”
Keeping an eye on $CHZ here. NFT tokens are starting to pick up steam again and I wouldn’t be surprised to see Chiliz run it back to the spring highs when it’s able to break out of the HTF resistance here. pic.twitter.com/cCX1u4e2JU
Kaleo is also closely following Raydium (RAY), an automated market maker (AMM) protocol built on the Solana blockchain. RAY is ready to spark a 100% rally from its current value of $7.23, according to the analyst.
“RAY
Solana ecosystem projects look ready to make another leg higher. I decided I don’t have enough exposure – so I went ahead and snagged a bag of RAY. Looking for a move back to double digits to resistance from the May 19th breakdown.”
Solana ecosystem projects look ready to make another leg higher. I decided I don’t have enough exposure – so I went ahead and snagged a bag of RAY. Looking for a move back to double digits to resistance from the May 19th breakdown. pic.twitter.com/pr95yvyyvQ
