A widely known cryptocurrency trader believes that the altcoin based on Avalanche (AVAX) is preparing for a major breakout.
Pseudonym analyst Kaleo says 620,300 followers on social media platform
Trader charts suggest that JOE’s uptrend may continue after it breaks the bullish trendline. He also believes that the recent changes could increase the token’s growth. presentation The Avalanche Foundation actively supports memecoin projects in its ecosystem.
“This is the JOE chart. We are preparing for a major move. It needs a bit of a spark to send it above this low range of resistance it is currently sitting on. “The increase in swap volume, which received attention due to the above (Memcoin support) announcement, will be the trigger.”
merchant predict JOE will eventually trade above $1.
“Okay everyone, this is your final warning before takeoff. JOE will be sending over $1.00 in the next step.”
Looking at the trader’s charts, he seems to be suggesting that JOE is holding key levels around $0.77 as support and will bounce higher.
JOE is trading at $0.77 at the time of this writing and has risen slightly over the past 24 hours.
The merchant is also predict Ethereum (ETH) rival Solana (SOL) is said to surge to $200 after breaking the bullish trend line in the $150 range.
“SOL with the breakout. “Hurry up and send it for $200.”
Solana is trading at $165.73 at the time of writing, up more than 4.5% in the last 24 hours.
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Featured image: Shutterstock/Natalia Siiatovskaia/NextMarsMedia