Top Altcoin Picks for Q3 2023: DOGE, PEPE, MATIC, INJ, and BNB Gain Attention

The post Top Altcoin Picks for Q3 2023: DOGE, PEPE, MATIC, INJ, and BNB Gain Attention appeared first on Coinpedia Fintech News

Different speculations for the altcoin are in the crypto air, a highly regarded crypto trader has made intriguing predictions on the hot altcoins of the season and their performance in the third quarter, including the social media frenzy meme coins Dogecoin (DOGE) and Pepe (PEPE).

DOGE: Breakout Rally on Cards? 

Kaleo, a pseudonymous analyst with a substantial Twitter following of 593,000, has shared insights that suggest DOGE is poised for a bullish continuation. Kaleo points out a noteworthy breakthrough in DOGE’s diagonal resistance on the four-hour chart, signaling a potential upward trajectory.

The analyst further suggests that DOGE may witness significant breakout rallies if it successfully surpasses its horizontal resistance at $0.072. Notably, Kaleo draws attention to a previous resistance break on the USD chart and anticipates acceleration beyond the key threshold of $0.072, reminiscent of its significance before the early June breakdown and subsequent capitulation. However, at present, DOGE is trading at $0.068, leaving investors eagerly awaiting the potential fulfillment of the anticipated bullish surge.

PEPE to Repeat Mid-June Rally 

Next up is Pepe, another notable meme token, that has also caught Kaleo’s attention. The altcoin appears to be preparing for a substantial rally after surpassing its diagonal resistance on the four-hour chart. Kaleo predicts that PEPE could ascend to the high $0.0000020s from its current position, mirroring a previous notable surge witnessed in mid-June. As PEPE holds a current value of $0.00000172, market participants are closely monitoring its progress, hopeful for a significant upward movement. 

MATIC: Aiming for the $1.00 Mark

His analysis extends to Polygon (MATIC), an Ethereum (ETH)-scaling solution. The analyst believes that if MATIC reclaims $0.75 as a solid support level, it could potentially rally above $1.00. Emphasizing a contented outlook with a move just above $1.00 for MATIC in USD, he demonstrates optimism regarding the altcoin’s growth potential. Currently trading at $0.696, MATIC draws attention as investors anticipate its trajectory in line with Kaleo’s projections.

INJ: May Break the $9.50 mark?

Injective (INJ), a decentralized derivatives exchange, emerges as another altcoin of interest in Kaleo’s analysis. The analyst points out that INJ has already surpassed high timeframe resistance on the USD chart, setting the stage for potential acceleration upon reclaiming April highs, potentially reaching the $9.50 mark. With INJ currently valued at $8.58, market participants keenly observe the altcoin’s journey as it aims to fulfill Kaleo’s targeted price.

BNB: Exchange Token Aims High

Lastly, Binance Coin (BNB), the utility token associated with the world’s largest crypto exchange, garners attention from Kaleo’s analytical perspective. The analyst suggests that BNB may have already established a local bottom and is on its way toward the range highs, specifically around $300.

He expresses modest expectations for BNB, aiming for a return to the $300 – $350 range. As BNB currently trades at $242, investors maintain hopeful anticipation for potential gains.

As the altcoin season gains traction, these notable cryptocurrencies stand out, offering potential opportunities for investors. Kaleo’s insightful analysis sheds light on its target potential, providing valuable insights for navigating the altcoin market.