3 Altcoin Assumptions from a Well-Known Analyst: One Will Explode and Two Will Crash!

The cryptocurrency market entered a downward trajectory after losing its upward momentum. While Bitcoin lost $65,000, Ethereum fell below $3,500. The altcoin market is generally moving in the red zone. However, one analyst with a large following is expressing bullish sentiment on a small-cap altcoin on the Ethereum Blockchain. On the other hand, the analyst warns of a collapse for two well-known chest coins.

The analyst expects a roughly 17X breakout from CRV!

cryptokoin.com As you follow from , the market had difficulty gaining strength due to summer fatigue. Following this, Bitcoin and many altcoins began to lose ground. However, the well-known analyst with the pseudonym Credible Crypto says that the native token of Curve DAO (CRV), a decentralized finance (DeFi) platform focused on stablecoin trading, is on the verge of a major rally.

The analyst says that once Bitcoin reaches a price above $100,000, CRV could surge above $6 with a potential upside of over 1,724% from the current level. Meanwhile, CRV is moving in the green zone amidst a red market at the time of writing. The altcoin was trading at $0.3458, up over 5% on a daily basis. Leading crypto Bitcoin, on the other hand, lost 2.28% on its daily chart, falling to $64,123.

CRV daily price chart. Source: CoinMarketCap

Analyst points to bottoms for two altcoins!

Credible Crypto puts Pepe (PEPE) on the table, which blows its sails in the chest coin wind. The analyst says PEPE “looks ready to crash” in a similar fashion to FLOKI (FLOKI). In this context, the analyst said, “Good luck if you bought PEPE above the highs of the range, you will need it.” says.

Source: Credible Crypto

Following PEPE, the analyst is looking at the brand new chest coin Dogecoin (DOGE). Credible Crypto says the bearish objective for DOGE is in the mid-$0.04 to $0.08 range. In this regard, the analyst said, “The best case scenario I can see for DOGE is below. That is, finding footing in the middle of our range (between $0.1 and $0.075) where we diverged at the top. If we lose this, sub-$0.05 is next.” says.

Source: Credible Crypto

How is the technical photography for DOGE?

Following a decent recovery wave, Dogecoin price faced resistance near the $0.1285 region. DOGE failed to continue rising and started a fresh decline at $0.1285 like Bitcoin and Ethereum. There was a move below the reinforcement level at $0.1250 and the 100 hourly easy moving average. The price declined below the 23.6% Fib retracement level of the upward move from the $0.1129 high to $0.1285 low. However, the bulls are currently active near the $0.1220 region. The altcoin is currently trading below the $0.1250 level and the 100 hourly easy moving average. Moreover, there is a significant ascending channel or bear flag formation forming with a resistance near $0.1220 on the hourly chart of DOGE.

DOGE price chart. Source: TradingView

If there is a fresh increase, DOGE price might face resistance near the $0.1260 level. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance could send the price towards the $0.1350 resistance. Any further outflow could push the price towards the $0.1420 level. The next major stop for the bulls could be $0.150 .