The widely respected cryptocurrency strategist believes Cosmos (ATOM), an interoperable blockchain ecosystem, is ready to take things to the next level.
Pseudonym analyst Kaleo says His 606,800 followers on social media platform X said he was bullish on ATOM. Because he believes altcoins will be “squeezed.”
“I am long.”
Looking at the trader’s chart, it appears that ATOM has cleared several months of diagonal resistance at the next resistance area of $16. As of this writing, ATOM is worth $9.69.
Another coin of interest to traders is Worldcoin (WLD), a cryptocurrency project founded by OpenAI creator Sam Altman. According to analysts, WLD is threatening to initiate a breakout rally after breaking above the $2.55 resistance level.
“I picked up a bag of WLD.
Nice little pennant breaking July high, market is bullish = send it higher.”
As of this writing, WLD is worth $2.62.
Analysts are also updating their outlook for revenue-generating project STEPN (GMT). GMT has now surpassed the resistance of the rising channel and appears poised for a rebound towards $0.65 first, with $1 as the next target, according to the cryptocurrency strategist.
“Greenwich Mean Time Even after the retrace, it is still up more than 10% in the past few days since entry. I am holding on to the plan and trusting it.”
As of this writing, GMT is trading at $0.30.
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