Kaleo Warns Not To Miss Dogecoin Train, Turns Mega Bullish on KIN
A top cryptocurrency trader and analyst warns people to not to miss out on leading meme crypto asset Dogecoin (DOGE). He also flips super bullish on one Solana-based altcoin, KIN.
The pseudonymous trader known in the industry as Kaleo shares with his 356K Twitter followers that he’s bullish on DOGE, and warns his followers not to sleep on the meme coin.
Analyzing the pair Dogecoin against Bitcoin (BTC), Kaleo says that DOGE/BTC keeps on going up until it meets the high timeframe (HTF) resistance of 0.000009 BTC, worth $0.45 at time of writing.
“Here’s the game plan – Dogecoin will continue to melt higher until it hits the HTF resistance on the BTC pair around 900 [satoshis]. This is where you should be stacking, because when it breaks that line. It’s over (aka giga-send above $1.00).”
The trader appears also to be bullish on KIN, the cryptocurrency for the messaging service Kik. KIN is one of the cheapest coins in the Solana ecosystem and has been enjoying some promising price action, according to Kaleo. KIN may be ready to break out to the next major resistance, he says.
At time of writing, Kin is trading at $0.00018775, with 1,300% profits over the last year according to CoinGecko.
Last week, Kaleo was noting that Internet of Things blockchain Helium (HNT) was testing a critical resistance. With HNT above that resistance, the trader says that the nascent altcoin is in “price discovery” mode and could be ready to hit a price somewhere above $30.00.
