Crypto Analyst Shares Bullish Outlook on Solana and Two Other Altcoins
Well-known crypto analyst "Credible Crypto" seems bullish on Solana (SOL), while sharing views on XRP and Curve DAO (CRV). Commenting on Solana, the analyst said he is entering a long position and 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 Turning to XRP, the analyst predicts a potential upside of 33% to $0.69, based on recent chart patterns. However, he cautioned 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 As for Curve DAO (CRV), Credible remains long-term bullish, but expects a near-term decline of at least 8%, predicting the price to fall below $0.24, especially if Bitcoin continues its decline. SHARE: 0 SHARES