Experienced cryptocurrency analyst Kaleo has shared three altcoins that he expects to make significant rallies. Among the altcoins that the analyst believes have given a rally signal are well-known cryptocurrencies such as Cosmos (ATOM) and Gala (GALA).
Rally Targets for Cosmos and Gala
Anonymous cryptocurrency analyst Kaleo stated on his personal X (formerly Twitter) account that he expects a strong breakout rally for the native asset of Cosmos, ATOM. According to Kaleo, ATOM is preparing to break the descending resistance trend line that corresponds to around $9.5. The analyst expects ATOM to rise above $10 and reach its highest levels of the year if such a breakout occurs.
When looking at the analyst’s chart, it can be seen that ATOM is expected to rise to $11.50. The altcoin is currently trading at $9.55, experiencing a 2.88% decrease in the last 24 hours.
The second altcoin on Kaleo’s list is Gala, a blockchain-based gaming platform. The analyst stated that if the altcoin surpasses the descending resistance trend line, it is expected to rise by over 100% to $0.06. Kaleo said, “I was surprised to see that GALA has not made a big move yet. It seems like it will return to the highest levels of 2023 from here.”
Analyst’s Rally Expectation for Stacks
Meanwhile, Kaleo is also following Stacks (STX), a cryptocurrency project designed to enhance applications and smart contracts on Bitcoin (BTC). According to the analyst, STX could rise to $1 after breaking the descending resistance trend line.
Current data shows that STX has increased by over 30% in the last 24 hours and has reached the target level expected by the analyst, even surpassing it. According to data provided by crypto data and price platform CoinMarketCap, STX is currently trading at $1.11.