A highly followed cryptocurrency strategist has expressed optimism about the potential upward movement of the interoperable blockchain ecosystem, Cosmos (ATOM).
A pseudonymous analyst known as Kaleo, who shares insights with a substantial following of 606,800 users on the social media platform X, has conveyed a bullish sentiment regarding ATOM. He believes that this altcoin is on the verge of experiencing a significant price increase, describing it as "due for a squeeze."
Upon analyzing the trader's chart, it becomes apparent that ATOM has breached a multi-month diagonal resistance level, with the next notable resistance point standing at $16. At the time of this report, ATOM is valued at $9.69.
Additionally, another cryptocurrency that has captured the trader's attention is Worldcoin (WLD), a project in the crypto space founded by Sam Altman, the creator of OpenAI. The analyst suggests that WLD is showing signs of potentially initiating a breakout rally, having surpassed the resistance level at $2.55.
Furthermore, the analyst is revising his perspective on the "move-to-earn" initiative known as STEPN (GMT). As per the cryptocurrency strategist, GMT has surpassed the resistance within an ascending channel, indicating that it is well-positioned for an initial rally towards $0.65, with the subsequent target set at $1.
