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.

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.