Analyst Says Ethereum Staking Token High on His Watchlist, Predicts Rallies for Two Additional Altcoins

The crypto analyst who has put an end to the Bitcoin (BTC) bull market has named one Ethereum (ETH)-based token that he says could explode.

Anonymous cryptocurrency strategist Pentosi said that LDO, the native token of ETH staking project Lido DAO, is likely to make sizable gains as it is trading above the $3.10 key resistance level. says.

“Watch this level [$3.10]There is only air above it. I’m considering playing breakout and retesting if given. Price discovery is possible, so put it high on your watchlist. ”

sauce: Pentosi/Twitter

At the time of writing, LDO is worth $3.23, up about 9% in the last 24 hours.

Crypto analysts have also turned their radars on CRV, the governance token of stablecoin-focused decentralized exchange Curve Finance. According to Pentosi, CRV looks bullish after breaking out of the $1.14 resistance at the lower timeframe (LTF).

“CRV is aiming for that with LTF.”

sauce: Pentosi/Twitter

At the time of writing, the CRV is trading at $1.25 and up over 4% for the day.

Pentosi is also keeping a close eye on Synapse, an interoperability protocol (SYN), which he says is likely to witness long-running gatherings.

“It’s just a slow polish. No change in positioning over the last few days. Just waiting for the next target price level to come.”

sauce: Pentosi/Twitter

As of this writing, SYN is worth $1.55, a slight dip over the past day.

As for Bitcoin itself, Pentosi believes Bitcoin remains bullish even after converting previous resistance levels to support.

“$23,300 to $23,700 [support to resistance] flip. Possibility of retesting. It’s the first major spot to watch after the move. ”

sauce: Pentosi/Twitter

At the time of writing, Bitcoin is trading at $24,709, well above Pentosi’s new support level.

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