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Cryptocurrency News Articles
"Credible Crypto" Turns Bullish on Solana (SOL), Predicts a 33% Upside for XRP (XRP), and Maintains Long-Term Bullish Outlook on Curve DAO (CRV)
Oct 06, 2024 at 11:00 pm
Well-known crypto analyst "Credible Crypto" seems bullish on Solana (SOL), while sharing views on XRP and Curve DAO (CRV).
Prominent crypto analyst "Credible Crypto" has shared his latest technical analysis on Solana (SOL), XRP and Curve DAO (CRV).
Credible is bullish on Solana, announcing that he is entering a long position. He will maintain his bullish outlook unless SOL falls below $126, and his profit target is around $163.
Longed some $SOL here.
Pretty simple play based on the assumption we may be seeing some relief across the board.
Tested local demand, targeting the near equal highs above into HTF supply.
Invalidation at red, take profit at green.
Obviously if $BTC doesn’t see some relief and… pic.twitter.com/Y2PHvb9eBq
— CrediBULL Crypto (@CredibleCrypto) October 4, 2024
Credible predicts a potential upside of 33% for XRP, based on recent chart patterns, which could push the price up to $0.69. However, he also notes that if XRP loses its mid-range support around $0.50, the price could fall below $0.40.
Patiently waited for this retest and we finally got it.
Filled on $XRP longs.
It’s worth noting if we lose the lower TF blue zone (midrange) we probably head back down to the range lows, so make sure risk is managed here. https://t.co/MbXDxpJyjc pic.twitter.com/X03lgz5d6s
— CrediBULL Crypto (@CredibleCrypto) October 2, 2024
Credible remains long-term bullish on Curve DAO (CRV), but expects a near-term decline of at least 8%, predicting the price to fall below $0.24, especially if Bitcoin continues its decline.
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