Analyst Expects CRV to Skyrocket by 17X, Signals Lows for Meme Coins PEPE and DOGE

The cryptocurrency market entered a bearish trajectory after losing its bullish momentum. Bitcoin lost $65,000 while Ethereum fell below $3,500.

A widely followed crypto analyst is expressing bullish sentiment on a small-cap altcoin while warning of a potential collapse for two popular meme coins.

The analyst, known as Credible Crypto, anticipates a massive rally of around 1,724% for Curve DAO (CRV) token.

According to the analyst, once Bitcoin (BTC) rallies to a price above $100,000, CRV could飆升 to a price above $6.

At the time of writing, CRV is showing signs of strength even in a red market. The altcoin is trading at a price of $0.3458, up by more than 5% in the last 24 hours.

Meanwhile, the flagship cryptocurrency, Bitcoin, is showing a loss of 2.28% to reach a price of $64,123 on the daily chart.

Credible Crypto analyzes Pepe (PEPE) coin, which is experiencing a surge of interest within the meme coin sector.

The analyst notes that PEPE “looks ready to dump” in a manner that is similar to FLOKI (FLOKI).

In light of this observation, the analyst adds, “Good luck if you bought PEPE above the highs of the range, you will need it.”

After discussing PEPE, the analyst turns their attention to the original meme coin, Dogecoin (DOGE).

Credible Crypto highlights a bearish target of between $0.04 and $0.08 for DOGE.

In this regard, the analyst states, “Best case scenario I can see for DOGE is highlighted below. That is, finding support in the middle of our highlighted deviation range (around $0.1 – $0.075). We lose that, then sub-$0.05 is next.”

A technical analysis of DOGE price shows that after a strong recovery wave, the price encountered resistance near the $0.1285 zone.

DOGE failed to continue higher and began a fresh decline like Bitcoin and Ethereum, with price dropping below the $0.1250 support and 100 hourly simple moving average.

The price also fell below the 23.6% Fib retracement level of the recent rally from the $0.1129 low to the $0.1285 high.

However, the bulls are now showing activity near the $0.1220 zone. The altcoin is still trading below the $0.1250 level and the 100 hourly simple moving average.

Additionally, there is a key ascending channel or bear flag pattern forming with support at around $0.1220 on the hourly chart of DOGE.

If there is a fresh increase, the price could 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 lead the price towards the $0.1350 resistance.

Further gains could push the price towards the $0.1420 level.

The next major stop for the bulls could be at $0.150.

News source：https://www.kdj.com/cryptocurrencies-news/articles/analyst-expects-crv-skyrocket-x-signals-lows-meme-coins-pepe-doge.html

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