Cryptocurrency market expert, known for his analyses, claimed that three altcoins are preparing for a significant upward move. The crypto analyst, known by the pseudonym Kaleo, stated on a social media platform that the native token of a crypto project called ORDI (ORDI), which aims to bring non-fungible token (NFT) capabilities to the Bitcoin (BTC) blockchain, is on the rise.
Expectations of a Rise in ORDI
The cryptocurrency analyst shares a chart showing that ORDI has broken through its cross resistance, indicating that the token is ready to start its next leg up. Last week, the analyst mentioned that ORDI could recover thanks to the strength of BTC, saying:
ORDI definitely looks ready to rise. While stocks continue to record all-time highs, Bitcoin looks ready to continue its ascent. Sequence numbers will play a very big role in this cycle, and I would be surprised if we don’t see the ORDI chart step up further.
According to the investor’s chart, ORDI is predicted to rise to its all-time high of $130. Kaleo then mentioned closely following the smart contract platform Avalanche (AVAX). According to Kaleo, AVAX is preparing to rise to its highest level in 2023 after breaking its cross resistance. The analyst said:
AVAX is about to break above $50, but you wouldn’t believe it.
“Uptrend for RUNE”
At the time of writing, AVAX had seen a drop of about 5% in the last 24 hours, trading at $39.37, but still above Kaleo’s resistance level. The last cryptocurrency on the investor’s radar is the native token of the decentralized exchange protocol THORChain (RUNE). Kaleo notes that RUNE is trending upward against Bitcoin (RUNE/BTC) and expects the pair to rise to its high levels around 0.00049807 BTC ($24.64), concluding:
RUNE/BTC seems ready for a breakout and a clean retest on a higher time frame, which looks set to return to higher levels.
At the time the article was written, RUNE/BTC was trading at 0.00010475 BTC ($5.18).
