The cryptocurrency market has recouped some of its losses from the week, but it still lacks strong momentum. Still, analysts see opportunities for some tokens. A crypto analyst with a large following is bullish on a token that rivals Ethereum and sees opportunities for two altcoins.

Credible Crypto Opens Long Position on SOL: What Are the Targets?

According to Kriptokoin.com, the crypto market entered October with unexpectedly sharp sales. However, it showed an interesting recovery after the US NFP data. Analyst Credible Crypto starts his predictions with Solana (SOL). The analyst states that he entered a long position in SOL, emphasizing that the bull thesis will be invalid if SOL falls below $ 126. He states that the profit-taking level is around $ 163. The analyst's statement is as follows:

“We can expect some relief across the board. Local demand tested, targeting close-to-par highs to higher timeframe supply. If Bitcoin doesn’t ease and continues to breakout, this will be stopped.”

Meanwhile, Solana was trading at $143, up 3% on the day at the time of writing, but down over 8% on the weekly chart.

Is a 33% Gain Possible for XRP?$XRP

Following Solana, the analyst focuses on Ripple’s native token XRP. Credible Crypto notes that XRP has recently been offering opportunities on the daily timeframe. According to his chart, he predicts that XRP could gain about 33% from the current level to above $0.69. However, he makes the following assessment for a negative scenario:

“If we lose the blue zone (around $0.50) on the lower time frame, we could drop back to the lows of the range (below $0.40). So make sure that risk is managed.”

At the time of writing, XRP was trading at $0.5317, up 1.46% on a daily basis and down over 13% on the weekly chart.

Long Term Strategy: CRV

Finally, the analyst focuses on the DeFi protocol Curve DAO (CRV). The analyst is bullish on CRV in the long term, but predicts a drop of at least 8% from current levels. He expresses his views as follows:

"I'm just a little bit over here just for a potential relief bounce. I still think we're going to go below $0.24; if Bitcoin falls as much as I think it will, that price could go even lower."

Meanwhile, CRV was trading at $0.257, down 0.75% on the day at the time of writing, and its losses on a weekly basis have reached over 16%.