Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This

July 26, 2025

Quid Miner cloud mining app promises daily returns on BTC, DOGE, XRP

July 26, 2025

Bitwise CIO declares the crypto cycle dead—institutions

July 26, 2025

ETH to soar past $4.8k, says trader backing penny crypto

July 26, 2025

Little Pepe Meme Coin Surges Past $12.3 Million in Presale

July 26, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This

    July 26, 2025

    Little Pepe Meme Coin Surges Past $12.3 Million in Presale

    July 26, 2025

    XRP Produces Successful $3 Support Retest – But What Next?

    July 26, 2025

    Another Corporate Stack: The Smarter Web Company Adds $26M BTC to Treasury

    July 26, 2025

    Chainlink Ignites Bullish Momentum As BTC Dominance Slips—Breakout Brewing?

    July 26, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » NFT » Crypto Analyst Predicts Rallies for Two Ethereum-Based Altcoins, Updates Forecast on Bitcoin (BTC)
NFT

Crypto Analyst Predicts Rallies for Two Ethereum-Based Altcoins, Updates Forecast on Bitcoin (BTC)

Crypto Observer StaffBy Crypto Observer StaffNovember 27, 2023No Comments3 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

A widely followed crypto strategist believes that two altcoins running on the Ethereum (ETH) network are gearing up for a burst to the upside.

Pseudonymous analyst Kaleo tells his 606,600 followers on the social media platform X that he’s bullish on ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.

The analyst shares a chart that suggests APE is taking out a diagonal resistance that has kept the altcoin in a downtrend for over a year and a half.

“Not fading this APE breakout. Up until the last month, BLUR and LOOKS have both traded in lockstep with APE. NFTs are starting to pick up some momentum. I see it as only a matter of time before APE catches up.

Just for reference: – BLUR is up 320% from the lows – LOOKS is up 235% from the lows – APE is up 65% from the lows.” 

At time of writing, APE is trading for $1.69, up over 12% in the last 24 hours.

The analyst is also keeping a close watch on the move-to-earn crypto project STEPN (GMT). According to Kaleo, GMT has been trading within an ascending channel after moving above its high time frame diagonal resistance.

“After seeing BLUR send a post airdrop from the announcement of infinite Ponzi mechanics, I’m open to the idea of it being infinite Ponzi season.

So, I longed GMT.

Despite the bleed over the past 18 months, STEPN has remained active, and considering how everything in the Solana ecosystem that’s maintained a decent level of activity has been popping off lately – I think STEPN could run.

The chart looks great retesting July highs after a high time frame breakout; could easily see a squeeze out of the channel to $0.60 – $1.00.” 

Image

Kaleo also says that GMT appears to be following the price action of the smart contract protocol Avalanche (AVAX) when it traded within an ascending channel last month before breaking out.

Dropping a comparison of $AVAX trending in an ascending channel after its HTF breakout (first picture) to show how $GMT could accelerate out of its current channel (second picture) pic.twitter.com/3IXHVh7TnM

— K A L E O (@CryptoKaleo) November 24, 2023

At time of writing, GMT is worth $0.346, up over 20% in the last 24 hours.

As for Bitcoin (BTC), the analyst thinks that the crypto king is poised to soar above $40,000.

“Sniped the bottom down to the minute. Run it to $40,000.” 

Image

At time of writing, Bitcoin is worth $37,756.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Generated Image: Midjourney



Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

July 26, 2025

BioSig Technologies and Streamex – Pioneering Real-World Asset Tokenization in the US Market

July 26, 2025

Founders Must Be the Signal Amid Web 3.0 Noise

July 26, 2025

Ripple CTO regrets the time he censored Ozzy Osbourne

July 26, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This

July 26, 2025

Quid Miner cloud mining app promises daily returns on BTC, DOGE, XRP

July 26, 2025

Bitwise CIO declares the crypto cycle dead—institutions

July 26, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Little Pepe Meme Coin Surges Past $12.3 Million in Presale

July 26, 2025

XRP Produces Successful $3 Support Retest – But What Next?

July 26, 2025

Another Corporate Stack: The Smarter Web Company Adds $26M BTC to Treasury

July 26, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.