Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Trader Says Explosive Movement in DeFi Altcoins is Turning a Corner, Updates Outlook on XRP and Ethereum
ALTCOIN NEWS

Trader Says Explosive Movement in DeFi Altcoins is Turning a Corner, Updates Outlook on XRP and Ethereum

By Crypto FlexsJuly 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Trader Says Explosive Movement in DeFi Altcoins is Turning a Corner, Updates Outlook on XRP and Ethereum
Share
Facebook Twitter LinkedIn Pinterest Email

A prominent crypto strategist says one under-the-radar decentralized finance altcoin appears ready for a major rally.

Credible Crypto, an anonymous analyst, told his 403,900 followers on social media platform X that he is bullish on the underlying asset of decentralized exchange and automated market maker Convex Finance (CVX).

The trader shares a chart showing that CVX is poised to trigger a third surge against the US Dollar.

“I think an explosive move for CVX is right around the corner.

I think CVX is likely to outperform in the short term as the BTC pairing is approaching major demand/support and the USD pairing is already bouncing off of it.

The starting price is $4.70.”

Source: Credible Crypto/X

Credible practices Elliott Wave theory, which states that bullish assets tend to have a 5-wave surge. According to this theory, wave 3 is the strongest and most impulsive wave in a rally.

Based on the trader’s chart, he seems to be predicting a three-wave rally in CVX that will take the coin to the $4.40 level, followed by a four-wave pullback and a five-wave surge near $7.

At the time of writing, CVX is trading at $2.98, up about 25% over the past day.

The analyst predicted that XRP would see further declines before making a significant move towards $1.

“It’s still a range-bound environment right now, but if it breaks back below $0.50 (the green zone), there would be interest in potential trades.”

video
Source: Credible Crypto/X

At the time of writing, XRP was worth $0.597.

For Ethereum (ETH), Credible sees a scenario where the leading altcoin drops below $2,800. However, he notes that a correction would only occur if Bitcoin (BTC) also weakens.

“This still makes the most sense to me, but it would require some changes to Bitcoin for this to happen, so we’ll see what happens.”

video
Source: Credible Crypto/X

At the time of writing, Ethereum is trading at $3,471, up more than 1% on the day.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025
Most Popular

Solana (SOL) investors are currently investing in AI titan Option2Trade (O2T) at $0.0091.

February 22, 2024

Major Cardano Hard Fork will tell ADA owners in the future of the network.

January 29, 2025

Floki surges after major token burn, NuggetRush eyes gaming, BNB’s optimistic forecast

March 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.