Home Altcoin Analyst Predicts Upward Squeeze for Cosmos and One Further Altcoin, Updates Outlook on One Crypto Asset

Analyst Predicts Upward Squeeze for Cosmos and One Further Altcoin, Updates Outlook on One Crypto Asset

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Analyst Predicts Upward Squeeze for Cosmos and One Further Altcoin, Updates Outlook on One Crypto Asset

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A broadly adopted crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a transfer up.

Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he’s bullish on ATOM as he believes that the altcoin is “due for a squeeze.”

“I’m lengthy.” 

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Supply: Kaleo/X

Wanting on the dealer’s chart, it seems to recommend that ATOM has taken out a multi-month diagonal resistance with the subsequent space of resistance at $16. At time of writing, ATOM is price $9.69.

One other coin on the dealer’s radar is Worldcoin (WLD), a crypto undertaking based by OpenAI creator Sam Altman. In accordance with the analyst, WLD is threatening to launch a breakout rally after shifting above resistance at $2.55.

“Picked up a bag of WLD.

Good little pennant breaking above July highs, the market is bullish = ship it increased.” 

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Supply: Kaleo/X

At time of writing, WLD is price $2.62.

The analyst can be updating his outlook on the move-to-earn undertaking STEPN (GMT). In accordance with the crypto strategist, GMT is now above the resistance of an ascending channel and appears primed for a rally towards $0.65 first with the subsequent goal at $1.

“GMT remains to be up >10% the previous couple of days since entry even after the retrace. I’m holding and trusting the plan.” 

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Supply: Kaleo/X

At time of writing, GMT is buying and selling for $0.30.

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