A widely followed crypto trader believes that one of the Avalanche (AVAX)-based altcoins is gearing up for a massive breakout.
Kana analyst Kaleo To tell His 620,300 followers on social media platform I expected it to be possible.
The trader’s chart suggests that JOE’s uptrend may continue after breaking out of the bullish trend line. He also believes that recent events could further increase the token's growth. announcement The Avalanche Foundation actively supports memecoin projects within its ecosystem.
“Here is the JOE chart. We are preparing for a big move. We need a little spark to send it above this lower range resistance where we are currently located. The above caution will increase swap volume [memecoin support] The announcement should be the trigger. ”
Source: Kaleo/X
trader Predict JOE will eventually trade above $1.
“Okay, bro, final warning before takeoff. JOE is about to send over $1.00 on the next leg.”
Source: Kaleo/X
Looking at the trader's chart, he seems to be suggesting that JOE holds a key level of support around $0.77 and is likely to move higher.
JOE is trading at $0.77 at the time of writing, having risen slightly over the past 24 hours.
Vendors too, Predict Ethereum (ETH) competitor Solana (SOL) is expected to break out of its bullish trend line at $150 and soar to $200.
“Breaking out SOL. Hurry and send me up to $200.”
Source: Kaleo/X
Solana is trading at $165.73 at the time of writing, up more than 4.5% in the past 24 hours.
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Featured image: Shutterstock/Natalia Siiatovskaia/NextMarsMedia
