This DeFi Altcoin is Set for Huge Breakout, Crypto Analyst Says

A well-known crypto analyst is predicting a significant price surge for a popular decentralized finance (DeFi) altcoin.

The analyst known as Credible Crypto shared that the Curve Finance/Bitcoin pair (CRV/BTC) is showing signs of a potential breakout, citing a bullish divergence on the two-week chart.

$CRV long looking solid atm, here is the next long I’m eyeing up.

Looking to catch an $ETH long just under $2800 up to the highs at $4,000+.

ETH/BTC is back at my HTF area of interest so I think ETH will likely outperform $BTC for a short window here while BTC ranges.

Need… pic.twitter.com/EVVaHJvtsz

— CrediBULL Crypto (@CredibleCrypto) November 13, 2024

This pattern, where the asset’s price makes lower lows while key indicators, like the Relative Strength Index (RSI), show higher lows, typically signals an upcoming price increase.

In his post, the analyst revealed that he had been actively trading CRV over the past month and a half, taking advantage of smaller price movements while awaiting a more significant shift.

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Now that the price action on CRV/BTC has aligned with his expectations, Credible Crypto believes the altcoin is primed for a major move.

He predicts that with Bitcoin likely to stay in the $70,000-$90,000 range for the next few weeks, CRV could see a sharp 150% rally, potentially reaching his target of $0.58 or higher.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.