Bitcoin finally recovered after yesterday’s negative price action and regained several thousand dollars in a single day. Solana (SOL), Polkadot (DOT), Avalanche (AVAX), Terra (LUNA) and a few other altcoin projects have managed to boost their value with a double-digit price pump.
Analyst is bottom-mapping altcoin projects on his radar
During the market-wide crash, alternative cryptocurrencies suffered more than their leaders. However, almost all of them have now outperformed BTC. For example, Ethereum (ETH) dropped to $2,650. As of this writing, the leading altcoin has recovered nicely and is currently trading around $3,100. Cardano (ADA) has also fallen seriously, but a 1.78% gain in the last 24 hours pushed it to $2.22. Binance Coin (BSC), Ripple (XRP), Dogecoin (DOGE), and Uniswap (UNI) have experienced similar developments over the past 24 hours.
The larger caps have seen double-digit price increases for Solana, Polkadot, Avalanche, Terra and Cosmos (ATOM). As the worst drop in the market is over, a prominent anonymous crypto analyst and trader is mapping bottom targets for Ethereum (ETH), Hedera Hashgraph (HBAR) and Curve Finance (CVX). Crypto analyst nicknamed Credible Crypto, also known as Ripple Oracle, points to lows for altcoin projects in his recent tweet flood. Credible Crypto is known for some successful predictions.
cryptocoin.com As we have previously reported, the anonymous analyst said that XRP will withdraw to about $ 0.20 and then $ 0.168, after which it will start to rise. In XRP, the move noted by the analyst occurred similarly. In March of this year, Credible Crypto also correctly predicted that the XRP price would start rallying after a correction. At that time, the cryptocurrency, which was trading at $ 0.5 levels, managed to approach $ 2 by April. Meanwhile, the mysterious analyst accurately predicted that Bitcoin would hit above $50,000 before making a steep correction in June.
Leading altcoin Ethereum (ETH) price prediction
According to the analyst, Ethereum is expected to bottom at the weekly support level. Credible Crypto aims for ETH to bottom at $2,700:
I’m looking for almost $2,700 in ETH, almost to my destination.
At the time of writing, Ethereum was trading at 3,098, up 2.9% in the last 24 hours.
Where to buy Hedera Hashgraph (HBAR) according to analyst?
Hedera Hashgraph (HBAR), a peer-to-peer payment network, is another cryptocurrency on the trader’s radar. According to Credible Crypto, HBAR is expected to fluctuate around its “primary support” of $0.30. Also, the analyst predicts a 46% drop in HTF (high time frame) support after exiting a seven-month consolidation. The analyst states that this is an HTF bullish test until this zone is lost, and that this is also the best place to buy HBAR.
What does Credible Crypto expect from Convex Finance (CVX)?
Convex Finance (CVX), a decentralized financial system built on Curve Finance, is also on the crypto strategist’s radar. According to the analyst, CVX is expected to retrace the support around $7.00 and climb to its all-time high (ATH):
It went a little lower on this dip than I expected, but I would have been VERY surprised if this wasn’t our local low. CVX.
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