The widely respected cryptocurrency analyst and trader is expressing bullish sentiments about the blue-chip altcoin, which has more than tripled in value in two months.
Analyst known by the pseudonym Kaleo says The 611,900 followers of the “Breaking the all-time record”.
“I bought the dip and initiated a position in RUNE.
If there’s one thing I’ve learned over the past few months, it’s that momentum never goes away.
If this breaks above HTF (high time zone) resistance, I could easily see it entering a new ATH (all-time high).”
THORchain, currently the 50th largest cryptocurrency asset by market capitalization, is trading at $5.40 at the time of this writing, up about 231% from its low of $1.63 on October 21. The decentralized cross-chain liquidity protocol’s record high of $21.28 was achieved in May 2021.
THORchain/Bitcoin (RUNE/BTC) pair according to Kaleo Overcome A high period resistance level was seen on the daily chart last month, which coincides with the start of the current rally.
“RUNE has already broken HTF resistance on the BTC pair in early November when it actually started running.
I don’t want to miss out on the opportunity to run an INJ type with a name that has been familiar for a long time but is mostly watched from the sidelines while it’s in print.”
RUNE/BTC is trading at 0.00012299 BTC ($5.40) at the time of writing.
Next is Bitcoin. Kaleo in the attached chart appears This suggests that the flagship cryptocurrency asset is currently mirroring the price movements recorded in 2020 and 2021 on the 4-hour chart. Additionally, according to the attached chart, a widely followed anonymous trader predicts the price of Bitcoin will exceed $48,000 early next year.
“Bitcoin/BTC
“Here’s what happens from here.”
An anonymous analyst explains next year’s outlook for cryptocurrency assets. Called,
“Solana is close to $100.
Avalanche is close to $50.
Bitcoin is close to $50,000.
Altcoins across the board are starting to move again.
Memecoin printing.
Non-fungible tokens (NFTs) are waking up.
And there are still 4 months left until the (Bitcoin) halving.
Holy shit 2024 is going to be crazy.”
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