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Crypto Strategist The Crypto Dog Predicts Massive Breakouts for DeFi Altcoins Synapse (SYN), Fantom (FTM) and Curve DAO (CRV)

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2024-08-21 09:00:10572browse

Pseudonymous analyst The Crypto Dog tells his 810,200 followers on the social media platform X that Synapse (SYN), a protocol that aims to

Crypto Strategist The Crypto Dog Predicts Massive Breakouts for DeFi Altcoins Synapse (SYN), Fantom (FTM) and Curve DAO (CRV)

A popular crypto strategist is predicting a strong breakout for one decentralized finance (DeFi) low-cap altcoin.

The pseudonymous analyst, known as The Crypto Dog, has 810,200 followers on the social media platform X, where he shares his insights on the markets. Now, he’s predicting a massive breakout for Synapse (SYN).

The analyst is predicting that the protocol, which aims to enable secure cross-chain communication, could soar more than 75% from the current levels.

“Think it can see $1…

10% dip back to breakout level. I rebought SYN.”

At the time of writing, Synapse (SYN) is trading at $0.566, 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.

The analyst is also keeping a close eye on Ethereum (ETH) rival Fantom (FTM), suggesting a breakout of a descending trendline may be forming on the hourly chart.

“Would be an attractive break FTM… Started position in FTM.”

At the time of writing, Fantom (FTM) is trading at $0.38, up slightly in the last 24 hours.

Lastly, the analyst says that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) may be gearing up for a bounce after retracing.

“Probably the dip to buy for CRV at $0.318.”

At the time of writing, CRV is trading at $0.30, down more than 1% in the last 24 hours.

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