A widely recognized cryptocurrency analyst and trader has said that one Ethereum-based altcoin (ETH) could be poised for a double-digit jump.
An analyst known by the pseudonym Credible Crypto told his 403,900 followers on social media platform X that #CRV , the native token of stablecoin lending platform CurveDAO, could see its current value soar by more than 24% to According to him, the token could soar to $0.37, which is more than 24% of its current value.
According to analysts, several indicators point to an imminent breakout of CRV, including the token holding at a key level around $0.26 as support.
Holding at the same levels mentioned in our previous tweets on CRV, we again see a pronounced engulfment, with a bullish divergence confirmed on D3 (day 3) for CRV on both USD and #BTC .
In addition, CRV has a clear range and has already taken lows. Putting the above three factors together, it makes sense to target the high of the $0.37 range, while BTC continues to fluctuate in this range on the lower timeframe currently.
At the time of writing, CRV was trading at $0.2981, up 7.4% in the last 24 hours.
Analysts are also warning about the correlation between #bitcoin (BTC) and mencoins such as Dogwifat (WIF). They predict that if bitcoin falls 15%, #WIF could fall to $1.39, 45% below its current value.
#altcoins , and memes in particular, are just the upper beta versions of BTC. In other words, they are stronger/higher during BTC spikes and fall harder during its decline. WIF's rebound is good, but we just got back to the upper end of the range and made a lower high on a higher timeframe, taking away liquidity in the process and leaving the triple bottom just below. BTC is now at 15 BTC is now 15 percent below the lows, many alts will fall harder. For example, WIF is likely to fall 40 percent to triple lows.
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