This cryptocurrency is in the “calm before the storm” according to a top analyst

A well-known crypto analyst, Kaleo, expects a significant jump in the price of Avalanche (AVAX), a well-known competitor of Ethereum (ETH).

He believes AVAX could soon post a significant rally against Bitcoin (BTC) , similar to the pattern seen in 2021.

Kaleo suggests that AVAX/BTC is currently in a phase reminiscent of July 2021. During this period Avalanche saw significant gains followed by a decline before rising again. He describes the current market state as the "calm before the storm," indicating a potential major breakout.

According to his analysis, AVAX/BTC could potentially break out of its current downtrend and reach 0.0014 BTC ($99.87), in line with its rise from roughly 0.0003 BTC in mid-2021 to around 0.0025 BTC later that year, representing an increase of 733%. . AVAX/BTC is currently trading at 0.0005105 BTC ($36.42).

In addition, Kaleo is optimistic about Dogecoin (DOGE) , predicting a strong bullish move against Bitcoin (DOGE/BTC). He believes that DOGE/BTC may soon surpass 0.00000380 BTC ($0.27). DOGE/BTC is currently trading at 0.00000227 BTC ($0.16).

Kaleo also points out that the altcoin market could see a significant boost after Ethereum (ETH) broke a key resistance level against Bitcoin (ETH/BTC) around 0.054 BTC ($3,852). At the time of writing, ETH/BTC is trading at 0.05370 BTC ($3,798).

These insights suggest potential upside moves for AVAX, DOGE and ETH, although the volatile nature of the cryptocurrency market means investors should remain cautious and do their own due diligence.