A widely followed crypto strategist is predicting a massive breakout for one decentralized finance (DeFi) low-cap altcoin.
Pseudonymous analyst The Crypto Dog tells According to its 810,200 followers on the social media platform
“Think it could see $1…
10% dip back to breakout level. I bought again SYN.“
Synapse is trading at $0.566 at the time of writing, down 12.82% in the last 24 hours. The cross-chain network project was launched in August 2021 and is compatible with most other layer 1s and layer 2s.
Then the analyst say that he is bullish on Ethereum (ETH) rival Fantom (FTM), suggesting a downtrend line break could be forming on the hourly chart.
“Would be an attractive break for FTM… Started position in FTM.”
Fantom is trading at $0.38 at the time of writing, up slightly in the last 24 hours.
Finally, the analyst say that native assets for stablecoin-focused decentralized exchange Curve DAO (CRV) may be gearing up for a rebound after retracement.
“Probably the dip to buy CRV at $0.318.”
CRV is trading at $0.30 at the time of writing, down more than 1% in the last 24 hours.
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Generated image: Midjourney