A widely known crypto analyst has suddenly become bullish on one Ethereum-based altcoin (ETH) following its correction this week.
In a new thread on social media platform X, crypto trader Justin Bennett tells his 115,500 followers that CRV, the native token of stablecoin lending platform CurveDAO, could rise more than 600% from its current value.
“Well, we didn’t hit my extremely encouraging $0.40-$0.50 buy zone on CRV. I had [prayer] there for a reason. I can’t laugh. So I bought [Friday’s] blood, and I’ll add more if the week closes above $0.87. In my opinion, the potential is over $6.”
At the time of writing, CRV is trading at $0.77, down over 14% in the last 24 hours.
The trader goes on to say that Solana (SOL) may be poised for a breakout following a correction in the $180 range.
“SOL for $180. As mentioned two days ago [on December 18th]In my opinion, this is an ideal buying opportunity. This is a bit of a turning point, so let’s go!”
Looking at his chart, the trader speculates that if Solana can hold the downward trendline as support, the price could rise to $290.
At the time of writing, Solana is trading at $191, down 7% in the last 24 hours.
Generated image: Midjourney
