A renowned analyst who accurately predicted the 2022 crypto crash has expressed optimism for Solana (SOL) and Render (RNDR).
Solana and Render on the Rise
The analyst, known as Capo, believes that Solana, an Ethereum competitor, and RNDR, a blockchain focused on GPU rendering, are poised for an uptrend. Capo has increased his long positions in both assets.
Other Cryptocurrencies and Bitcoin
Capo is also monitoring the OTHERS chart, which tracks the market capitalization of cryptocurrencies excluding the top 10 assets and stablecoins. He expects a bounce from the current support level.
Capo also suggests that Ethereum (ETH) may break out against Bitcoin (BTC).
Crypto Market Bottom in Sight
Despite the recent market downturn, Capo believes the bottom may be near. He cites negative sentiment, filled bids, and oversold conditions as indicators of a potential strong bounce.
