Credible Crypto Predicts Recovery For CRV And Pullback For CVX

According to Credible Crypto, a leading crypto analyst and trader, a decentralized finance (DeFi) altcoin Curve Finance (CRV) is ready make a recovery, while Convex Finance (CVX) might correct in the short term and present buying opportunities.

Curve Finance (CRV)

The analyst shared with his 320.7K followers on Twitter followers that CRV is ‘revving its engines.’

$CRV revving it's engines here. Some lower TF volatility may see us re-visit mid $2's if $BTC decides to revisit low 40k's but aside from that I think we will be back to the $4-$5 range soon.

— CrediBULL Crypto (@CredibleCrypto) April 2, 2022

At the time of writing, CRV trades at $2.73. According to Credible Crypto, it could revisit the “mid $2” range should Bitcoin (BTC) correct back to the low $40K level, but he projects that CRV will rise back to the $4-$5 range ‘soon.’

Credible also shared a tweet on Bitcoin projecting that it will retest the low $40,000s in the short term, after which it continues to climb up.

Almost there… $BTC https://t.co/NlOrBAwBIL pic.twitter.com/ol68aS6NTA

— CrediBULL Crypto (@CredibleCrypto) April 6, 2022

At the time of writing, BTC trades at $45,230, down 3% on the daily window.

Convex Finance (CVX)

Credible Crypto is also looking into Convex Finance (CVX), for which he projects a correction in the short-term after it rose from lows of $15 to $39 levels within few weeks.

Convex Finance offers rewards to liquidity providers and CRV stakers on the Curve Finance exchange. CVX can be staked into Convex Finance to earn a share of Curve’s liquidity pool earnings.

“$40 resistance hit – may see a bit of a pullback here before continuation. Dips to the $20-$30 region are buy opps. Bribes/incentives this round also coming in at around 80 cents per vlCVX. Nearly 2x the last round which was just two weeks ago. CVX – the gift that keeps on giving.”

$40 resistance hit- may see a bit of a pullback here before continuation. Dips to the $20-$30 region are buy opps. Bribes/incentives this round also coming in at around 80 cents per vlCVX. Nearly 2x the last round which was just two weeks ago. $CVX– the gift that keeps on giving. https://t.co/1YmgBqlVbU pic.twitter.com/aMUNM1nDCi

— CrediBULL Crypto (@CredibleCrypto) April 4, 2022

At the time of writing, CVX is trading at $35.78.