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Curve could start bullish move and overcome market low says analyst

2 min read

As the price of BTC registers a new low, analysts turn their eyes and predictions to the broad altcoin market.

Thus, one of these analysts, known as Credible Crypto, said he is closely following the price action of the Curve (CRV) which he says will rise to record levels.

Therefore, the analyst highlights that Curve, the governance token of decentralized exchange Curve Finance, looks strong after eliminating a key resistance area around $6.

At current prices, the CRV it is the most asymmetrical risk-reward currency on the market today, in my opinion. A combination of charts, fundamentals and the ability to earn 50% APR while you wait for the price to appreciate is something incredibly difficult to find in this space,” he said.

Thus, according to him, the CRV has completely recovered from the crash after jumping out of a target zone.

“We will be on price discovery soon. See you with double digits…”, he pointed out

CRV Chart

Source: Credible / Twitter

Altcoins

Thus, Credible also closely follows the decentralized public network Hedera Hashgraph (HBAR). According to the cryptocurrency analyst, HBAR should see an increase of at least 25% from its current price of $0.32.

“HBAR looks fantastic. We bounced beautifully out of the support zone I marked almost two weeks ago. As I said in that post, my expectation is that we are heading towards $0.40+ in this relief rally. Let’s go HBAR-barians,” he said.

market chart

Source: Credible / Twitter

Thus, according to him, at the moment altcoins have more bullish potential than BTC because while the main cryptocurrency on the market awaits a move by the bulls, altcoins have great bullish potential.

Therefore, he points out that in this uptrend, cryptocurrencies linked to smart contracts are the ones with the greatest potential, so the HBAR has high chances of rising.

Analyst indicates four cryptocurrencies that can value up to 1,000%

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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