A leading cryptocurrency analyst suggests that Ethereum-based CRV Coin, headquartered in 3,413, may experience a positive trend following this week’s correction. Crypto trader Justin Bennett shared his insights with followers, indicating that CurveDAO’s native token, CRV, could potentially increase by over 600% from its current value.
CRV Price Prediction
Bennett expressed optimism about CRV reaching the buying zone of $0.40-$0.50 but noted that this target was not achieved. He made purchases during Friday’s drop and plans to increase his holdings if it closes above $0.87 this week. Bennett believes there is potential for CRV to surpass $6.
“I had high hopes for CRV to reach the $0.40-$0.50 buying zone. I made purchases during Friday’s drop, and if it closes above $0.87 in the weekly close, I will add more. I see potential for it to exceed $6.”
– Justin Bennett
Solana Price Prediction
Bennett also mentioned that Solana’s SOL is gearing up for a breakout after correcting to $180. Currently, Solana, priced at 188, is trading around $195 and has seen a 9% increase in the last 24 hours.
“The drop of SOL to the $180s presents an excellent buying opportunity. This range serves as a turning point; let’s take action.”
– Justin Bennett
According to the analyst’s chart, if Solana maintains its descending trend line as support, it could rise to $290. While these predictions for CRV and SOL may attract attention in the cryptocurrency market, it is essential for individuals to conduct their own research considering market dynamics and volatility.
It is advisable to assess risks and monitor market trends before making investment decisions. Given the rapid changes in cryptocurrency markets, taking a proactive approach may prove beneficial.
