Analyst Says Ethereum Staking Token High on His Watchlist, Predicts Rallies for Two Additional Altcoins
A crypto analyst who nailed the tip of the Bitcoin (BTC) bull market is naming one Ethereum (ETH)-based token that he says has the potential to blow up.
Pseudonymous crypto strategist Pentoshi says that LDO, the native token of ETH staking challenge Lido DAO, is more likely to print appreciable positive aspects now that it’s buying and selling above a key resistance stage at $3.10.
“Will keep watch over this stage [$3.10]. Above it’s nothing however air. Seeking to play a breakout and retest if given. Excessive on my watchlist as value discovery potential.”
At time of writing, LDO is value $3.23, up almost 9% within the final 24 hours.
The crypto analyst additionally has his radar locked on CRV, the governance token of stablecoin-focused decentralized alternate Curve Finance. In accordance with Pentoshi, CRV appears to be like bullish after taking out resistance at $1.14 on the low timeframe (LTF).
“CRV going for it on LTFs.”
At time of writing, CRV is buying and selling for $1.25, up over 4% on the day.
Pentoshi can also be holding an in depth watch on interoperability protocol Synapse (SYN), which he says is more likely to witness prolonged rallies.
“Simply slowly grinding up. No modifications in positioning for me final couple days. Simply ready for subsequent goal value stage to come back.”
At time of writing, SYN is value $1.55, a fractional dip up to now day.
As for Bitcoin itself, Pentoshi believes that BTC stays bullish after changing a earlier resistance stage into help.
“$23,300-$23,700 [support to resistance] flip. Retest potential. First main spot to look at after the transfer up.”
At time of writing, Bitcoin is buying and selling for $24,709, nicely above Pentoshi’s new help stage.
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