Strategist Pentoshi says a Defi-Token mimics the pattern of other crypto assets right before they break out.
Pentoshi says the Curve Knife Token (CRV) looks like a “coil tightly wound in a spring”. CRV is the governance token for Curve Finance, a decentralized exchange for stablecoins that aims to ensure minimal slippage by attracting deep liquidity.
The analyst sees a pattern on the CRV / BTC chart where the CRV will begin to hit higher highs and lows as soon as it breaks the volume gap, which is the gap between recent highs and year highs long ago.
The source: Pentosh1 / Twitter
The altcoin, ranked 74th by market cap, is trading at $ 5.07 at press time, up 9.43% on the day. This is also the price at which it fluctuated a month ago.
Also in the same tweet thread, Pentoshi compared the CRV chart with the previous rally form of the smart contract platform Algorand (ALGO), the blockchain PoS Cardano (ADA) and the ETH / BTC pair.
ALGO / USDT. Source: Pentosh1 / Twitter
ADA / USDT. Source: Pentosh1 / Twitter
ETH / BTC. Source: Pentosh1 / Twitter
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