Top Analyst Predicts Meteoric Rally for DeFi Altcoin Curve, Says Largest CRV Move Yet To Come

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A close­ly fol­lowed cryp­to ana­lyst believes that the decen­tral­ized finance (DeFi) alt­coin Curve (CRV) looks poised for a mas­sive burst to the upside.

Pseu­do­ny­mous ana­lyst Cred­i­ble tells his 336,900 Twit­ter fol­low­ers that the gov­er­nance token of decen­tral­ized exchange Curve Finance is now in the midst of a wave three surge that could see the alt­coin print as much as 1,092% in gains.

“CRV with a nice break of our $1 lev­el. We are on our way.”

Source: Credible/Twitter

Cred­i­ble prac­tices the Elliott Wave the­o­ry, a tech­ni­cal analy­sis approach that attempts to pre­dict future price action by fol­low­ing the psy­chol­o­gy of mar­ket par­tic­i­pants that tends to man­i­fest in waves. Accord­ing to the the­o­ry, a bull­ish asset goes through a five-wave uptrend with wave three ignit­ing the strongest surge.

Look­ing at Credible’s chart, he pre­dicts that the wave three ral­ly could pro­pel CRV to as high as $13. He also says that CRV’s rel­a­tive strength indi­ca­tor, which tracks the momen­tum of an asset, has nev­er been over­bought on the week­ly chart, sug­gest­ing that the coin’s “largest moves are yet to come.”

At time of writ­ing, CRV is switch­ing hands for $1.09

As for Bit­coin (BTC), Cred­i­ble believes that the king cryp­to still has more room to grow to the upside despite its strong per­for­mance this year.

“This doesn’t look like the end of our ral­ly just yet. Local price action looks like con­sol­i­da­tion before we con­tin­ue our pump to $25,000.”

Source: Credible/Twitter

At time of writ­ing, Bit­coin is trad­ing hands for $23,105.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Gen­er­at­ed Image: Midjourney

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