A widely respected cryptocurrency analyst says a micro decentralized finance (DeFi) altcoin is setting the stage for a major rally.
Pseudonymous cryptocurrency trader The Flow Horse says The 189,600 followers of social media platform
“Okay, I think PENDLE is going to go through the roof soon.
• Full recovery.
• New annual high s/r flip (support/resistance) succeeded.
• Low float.”
At the time of writing, Pendle is trading at $1.24, up 11.5% in the last 24 hours.
Next, the trader predicts that capital will begin to flow into Ethereum (ETH) in large numbers once Bitcoin (BTC) and its ETH rival Solana (SOL) slow down in their rise.
“The fact that most people are interested in Solana, most people are interested in BTC, and ETH is kind of ridiculed because it’s not keeping up with the same intensity as everything else. I think there’s a big catch in store. Up play. So, from a technical perspective, it looks like ETH is just starting to grow, in a similar way to what BTC has been doing for some time already.
So I’m confident that this will catch up. And I am confident that once BTC cools and exchange traded funds (ETFs) are approved after January 10th, we will see a lot of capital flowing back into ETH. “I think we can expect some of the capital in Solana to flow back into ETH.”
At the time of writing, Ethereum is trading at $2,232, up 1.4% in the last 24 hours.
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