An analyst and trader who is widely respected in the cryptocurrency world has turned bullish about a major Ethereum rival (ETH), while also offering insight into XRP, and Curve DAO’s (CRV) decentralized finance protocol (DeFi).
Credible Crypto, a pseudonymous analyst on social media who goes by the name Credible Crypto, tells 423.200 of his followers that he has entered a position long on Solana. Solana is a competitor to Ethereum and the 5th largest crypto asset in terms of market capital.
Credible Crypto claims that his bullish Solana thesis will be nullified if SOL drops below $126, while his level of profit taking is at around $163.
Targeted the high-time frame demand by testing local demand and targeting near equal highs…
“We will stop this if Bitcoin does not see some relief, and we keep breaking down.”
Solana was trading for $138 as of the time this article is written.
The widely-followed analyst, who focuses on XRP in particular, says the crypto asset ranked seventh by market capitalization recently offered an opportunity for the daily timeframe. Credible Crypto chart suggests that the pseudonymous expert believes that XRP will appreciate above $0.69. This would be a 33% increase from its current value.
At the time of this writing, XRP was trading for $0.517.
The next is DeFi protocol, Curve DAO. Analysts say that they are bullish for the long-term on CRV, but they expect the altcoin’s price to fall by eight percent.
At the time of this writing, CRV was trading at $0.256.
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The post Crypto Trader Turns Bullish On One Large-Cap Ethereum(ETH) Competition, Updates Outlooks on XRP And Curve (CRV), may be updated as new information is revealed.
