Avalanche

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 A widely followed crypto trader believes that one Avalanche (AVAX)-based altcoin is gearing up for a massive breakout. 
 Pseudonymous analyst Kaleo tells his 620,300 followers on the social media platform X that the native governance token of TraderJoe (JOE), an automated market maker (AMM) decentralized exchange (DEX), could soar more than 28% from its current value. 
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 The trader’s chart suggests JOE’s uptrend could continue after breaking through a bullish trendline. He also believes the token’s&nbsp;growth could increase due to a recent announcement by the Avalanche Foundation to actively support memecoin projects in its ecosystem. 
 “This is the JOE chart. It’s primed for a massive move. Just needs a little spark to send it above the resistance in this lower range that it’s currently sitting at. Increased swap volume from the attention that the above [memecoin support] announcement will lead to should be that spark.” 
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 Source: Kaleo/X
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 The trader predicts that JOE will eventually trade for more than $1. 
 “Alright bros, final warning before takeoff. JOE is about to send to $1.00-plus on the next leg up.” 
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 Source: Kaleo/X
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 Looking at the trader’s chart, he seems to suggest that JOE is holding the key level around $0.77 as support and will bounce higher. 
 JOE is trading for $0.77 at time of writing, up slightly in the last 24 hours. 
 The trader is also predicting that Ethereum (ETH) competitor Solana (SOL) will soar to $200 after breaking out of a bullish trendline in the $150 range. 
 “SOL with the breakout. Send it to $200 with haste.” 
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 Source: Kaleo/X
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 Solana is trading for $165.73 at time of writing, up more than 4.5% in the last 24 hours.&nbsp; 
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-says-avalanche-based-altcoin-primed-for-a-massive-move-updates-outlook-on-solana-tbt82560.html">https://thebittimes.com/crypto-analyst-says-avalanche-based-altcoin-primed-for-a-massive-move-updates-outlook-on-solana-tbt82560.html</a>

Crypto Analyst Says Avalanche-Based Altcoin Primed for a Massive Move, Updates Outlook on Solana

TheBitTimes

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