Popular cryptocurrency analyst and dealer Michaël van de Poppe thinks one decentralized finance (DeFi) altcoin constructed on Ethereum (ETH) is primed for a breakout in the beginning of 2022.
Eight Global, Van de Poppe’s crypto training platform, notes in a brand new tweet that the Curve DAO Token (CRV) is at present printing a bullish market construction.
“CRV has a beautiful chart and is currently one of the better-looking coins. The USDT pair is making higher lows and higher highs, and it looks like it will make another attempt to break through the 1.618 fib level.”
CRV is the governance token for Curve Finance, a decentralized change for stablecoins that goals to make sure minimal slippage by attracting deep liquidity. The 74th-ranked crypto asset by market cap is buying and selling at $5.43 at time of writing and is up 2.6% up to now 24 hours.
Van de Poppe’s goal at $8.35 for CRV means that the coin has a possible upside of over 53% from its present price.
The crypto analyst additionally says in a brand new YouTube video that he’s nonetheless bullish on crypto general.
“I’m still assuming that we are into a lengthening cycle which is going to cause a longer run on the markets to be happening in the coming year. As you know, I’m quite bullish on the markets.”
The crypto analyst, nevertheless, says that Bitcoin (BTC) must clear $49,400 for him to be bullish within the short-term on the highest crypto asset once more.
BTC is buying and selling at $46,512.87 at time of writing and is down 2.43% up to now 24 hours.
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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
