Cryptocurrency analyst and trader, Credible Crypto, is sharing his insights on various digital assets including Solana (SOL), XRP, and Curve DAO (CRV). Starting with Solana, Credible Crypto is bullish on the Ethereum competitor and has entered a long position on the fifth-largest crypto asset by market cap. He mentions that his bullish thesis for SOL will be invalidated if the price falls below $126, with a profit-taking level set at around $163. Currently, Solana is trading at $138.
Moving on to XRP, Credible Crypto notes that the seventh-largest crypto asset presents an opportunity on the daily time frame. According to his chart analysis, he suggests that XRP could potentially appreciate to above $0.69, representing a gain of approximately 33% from the current price of $0.517. However, he cautions that if XRP loses the lower time frame support around $0.50, it may head back down to the range lows below $0.40.
In the realm of decentralized finance (DeFi), Credible Crypto expresses his bullish sentiment on Curve DAO (CRV) over the long term. Despite his optimism, he expects CRV to undergo a drop of at least eight percent from its current level of $0.256. He mentions that he is only buying some CRV at the moment to play a potential relief bounce, anticipating a further drop to sub $0.24 and potentially even lower if Bitcoin experiences a significant decline.
In conclusion, Credible Crypto’s insights provide valuable information for investors and traders looking to navigate the volatile cryptocurrency market. By staying informed and monitoring key price levels, individuals can make well-informed decisions when it comes to trading digital assets. Stay updated with the latest developments in the crypto space by subscribing to receive email alerts and following reputable sources on social media platforms like Twitter, Facebook, and Telegram.