Renowned crypto analyst Kaleo is confident that Avalanche (AVAX) is poised for a significant surge, according to a recent social media post. With a following of 641,800 on X, Kaleo suggested that AVAX could be following a bullish pattern against Bitcoin (BTC) similar to its performance in July 2021.

Analyzing the charts, Kaleo predicted that AVAX/BTC could break out of a descending channel to reach 0.0014 BTC ($99.87), just like it did when it surged from 0.0003 BTC in July 2021 to 0.0025 BTC in December 2021, marking a 733% gain. Currently, AVAX/BTC is trading at 0.0005105 BTC ($36.42).

Next, Kaleo forecasted a parabolic breakout for Dogecoin (DOGE) against Bitcoin (DOGE/BTC). His chart analysis indicated that DOGE/BTC could soon surpass 0.00000380 BTC ($0.27), while currently trading at 0.00000227 BTC ($0.16).

Furthermore, Kaleo believes that the start of altseason will be triggered once Ethereum breaks through the key resistance level against Bitcoin (ETH/BTC) at around 0.054 BTC ($3,852). At present, ETH/BTC is trading at 0.05370 BTC ($3,798).

For more updates, subscribe to receive email alerts and stay informed about price action. Follow Kaleo on X, Facebook, and Telegram for the latest insights. Remember to conduct thorough research before making any investments in Bitcoin, cryptocurrency, or digital assets as they involve high risks. The Daily Hodl does not provide investment advice or act as an investment advisor. Please trade responsibly, and be aware that all transactions are at your own risk.