A well-known cryptocurrency analyst and trader, Ethereum 
$2,423He shared a positive view of Solana, a leading cryptocurrency rival to . The analyst, who has a large follower base on the social media platform, announced that he entered a long position in the crypto asset, which ranks fifth by market value.
Expectations on Solana (SOL)
The analyst stated that his bullish thesis will be invalidated if Solana falls below $126. The target level to take profit was determined as approximately 163 dollars.
“It’s a pretty simple strategy based on the assumption that broad relief can be achieved,” Credible Crypto said.
XRP Evaluation
Expressing his positive expectations about XRP, which ranks seventh, the analyst stated that XRP offers an opportunity in the daily time frame. According to this analysis, it is predicted that XRP could rise approximately 33% from current levels to above $0.69.
“If the blue zone on the lower time frame (~$0.50) is lost, we will likely return to the lower levels. It is important to manage risk here,” Credible Crypto added.
Opinion on Curve DAO (CRV)
Regarding DeFi protocol Curve DAO (CRV), the analyst said he is optimistic in the long term, but expects a decline of at least 8% from current levels in the short term. It was stated that CRV is currently trading at $0.256.
“I’m just taking a little bit of a potential relief splash here – Bitcoin
$62,198If ‘ goes down, I think CRV could go below $0.24 and possibly even lower,” Credible Crypto said.
Credible Crypto’s evaluations show that there are potential opportunities and risks in Solana, XRP, and CRV depending on market conditions. It is important for investors to manage their risks by considering analyst-specified target levels and possible pullbacks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
