A crypto analyst who nailed the tip of the Bitcoin (BTC) bull market is naming one Ethereum (ETH)-based token that he says has the potential to blow up.
Pseudonymous crypto strategist Pentoshi says that LDO, the native token of ETH staking challenge Lido DAO, is prone to print appreciable beneficial properties now that it’s buying and selling above a key resistance stage at $3.10.
“Will keep an eye on this level [$3.10]. Above it is nothing but air. Looking to play a breakout and retest if given. High on my watchlist as price discovery possible.”
At time of writing, LDO is value $3.23, up almost 9% within the final 24 hours.
The crypto analyst additionally has his radar locked on CRV, the governance token of stablecoin-focused decentralized trade Curve Finance. According to Pentoshi, CRV appears bullish after taking out resistance at $1.14 on the low timeframe (LTF).
“CRV going for it on LTFs.”
At time of writing, CRV is buying and selling for $1.25, up over 4% on the day.
Pentoshi can be protecting a detailed watch on interoperability protocol Synapse (SYN), which he says is prone to witness prolonged rallies.
“Just slowly grinding up. No changes in positioning for me last couple days. Just waiting for next target price level to come.”
At time of writing, SYN is value $1.55, a fractional dip previously day.
As for Bitcoin itself, Pentoshi believes that BTC stays bullish after changing a earlier resistance stage into help.
“$23,300-$23,700 [support to resistance] flip. Retest potential. First major spot to watch after the move up.”
At time of writing, Bitcoin is buying and selling for $24,709, effectively above Pentoshi’s new help stage.
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