Il Capo of Crypto, one of the well-known analysts of the cryptocurrency world, talked about the altcoin market in his statement.
The analyst, who was known for his bearish statements for a long time in the past, but made bullish statements after the increase in the Bitcoin price reached a level that could no longer be denied, turned bearish again after the latest developments.
In his latest statement, il Capo claimed that many altcoins have already regressed to their former ranges following their recent “dead cat bounce” movement and that much lower prices are likely.
Related News: Bloomberg’s Senior Analyst Shares Good News About Spot ETFs for Two Altcoins
Sharing an update specifically on Solana, the crypto analyst stated that the SOL price is currently down 20% from the resistance zone. In addition, the analyst said that the main target price level for Solana is $60 to $80.
The analyst claimed that the capitulation process in the cryptocurrency market had not yet begun, when Bitcoin and altcoin prices were falling before recovering.
*This is not investment advice.
Continue Reading: Renowned Crypto Analyst il Capo of Crypto Provides Update on What to Expect from Altcoins
Go to Source
Author: NixCoin
Elon Musk’s Grok AI predicts an astonishing XRP price by January 1, 2027. It forecasts…
Google Gemini AI predicts something potentially huge for Pudgy Penguins (PENGU). This is not a…
Sam Altman’s ChatGPT AI predicts that Bitcoin’s most extreme bullish case may not come from…
Charles Hoskinson’s Midnight crypto network has recorded its busiest day yet, processing 49,229 transactions on…
Osmosis crypto is gaining attention after its community voted to end new OSMO issuance. The…
Bitcoin price is heading toward a second consecutive losing October, but Galaxy Research believes the…
This website uses cookies.
Read More