This low-cap altcoin will "soar through the roof", says analyst

07/12/2023
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The much-followed cryptocurrency analyst, known on X under the pseudonym The Flow Horse, recently told his 189,000-plus followers that a certain low-cap DeFi-altcoin is gearing up for a big rise.

The trader said key statistics indicate that Pendle (PENDLE), which allows users to tokenise and sell future returns, is about to break out. He said the following:

"Okay PENDLE, it looks like it is about to absolutely go through the roof.

Full recovery.
New annual highs s/r flip (support/resistance) successful.
Low float."
Pendle is trading at $1.24 at the time of writing, up 11.5% in the past 24 hours.
Ethereum is trading at $2.232 at the time of writing, up 1.4% in the past 24 hours.
Next, the trader predicts that capital will start flowing into Ethereum (ETH) in a big way after the rallies for Bitcoin (BTC) and ETH competitor Solana (SOL) have subsided. He indicated the following in his recent livestream:

"The fact that most people's attention is on Solana, most people's attention is on BTC, and ETH is getting a bit of ridicule for not continuing with the same intensity as everything else, I think there will be a big catch. So from a technical point of view, it looks like ETH is just starting to break out and in a similar way as BTC has done for a while now.

So I am confident that this is going to catch up. And I am confident that when BTC cools down and ETFs (exchange-traded fund) are approved after 10 January, we will see a lot with fingers crossed. "Some of the capital is flowing back into ETH. I think you can expect that some of the capital that is in Solana will also flow back into ETH."

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