A popular crypto analyst, known as Credible Crypto, is predicting a major surge for the DeFi altcoin Convex Finance (CVX). He believes the coin is on the verge of a “wave three” rally, which could push its price towards $4.70.
CVX on the Rise
Credible Crypto, who uses the Elliott Wave theory to analyze market trends, sees CVX as a strong contender for a big price jump. He’s using technical indicators to suggest that CVX is primed for a powerful rally, potentially reaching $4.40 before a brief pullback and then surging further to $7.
XRP Still Has Room to Fall
The analyst also shared his thoughts on XRP, predicting one more dip before a breakout towards $1. He’s keeping a close eye on the price, and will consider buying if it drops below $0.50.
Ethereum’s Future Tied to Bitcoin
Credible Crypto believes Ethereum (ETH) could see a dip below $2,800, but only if Bitcoin (BTC) shows weakness. He’s waiting to see how Bitcoin performs before making any predictions about Ethereum’s future.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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