dailyhodl.com
A widely followed crypto analyst is suddenly turning bullish on one Ethereum (ETH)-based altcoin after its correction this week.
In a new thread on the social media platform X, crypto trader Justin Bennett tells 115,500 followers that CRV, the native token of stablecoin lending platform CurveDAO, could soar more than 600% from its current value.
“Well, we didn’t get my extremely hopeful $0.40-$0.50 buy zone on CRV. I had a [prayer] there for a reason. Lol. So I bought [Friday’s] blood, and I’ll add more on a weekly close above $0.87. $6-plus potential in my opinion.”
CRV is trading for $0.77 at time of writing, down more than 14% in the last 24 hours.
Next up, the trader says that Solana (SOL) may be gearing up for a breakout after correcting into the $180 range.
“SOL into $180s. As mentioned two days ago [on December 18th], this is the ideal buying opportunity in my opinion. It’s somewhat of a make or break area, so let’s go!”
Looking at his chart, the trader suggests if Solana can hold the descending trendline as support, it may surge to $290.
Solana is trading for $191 at time of writing, down more than 7% in the last 24 hours.
Generated Image: Midjourney