A popular crypto analyst, known as Capo, is predicting a significant short-term rise for altcoins, but cautions that it might be a temporary boost before a larger drop.
Altcoin Pump Ahead? But It’s a Trap!
Capo, with a massive following on X (formerly Twitter) and Telegram, forecasts a 10-20% jump in altcoin prices. However, he warns this is likely a “bull trap”—a temporary price increase designed to lure in investors before a sharp decline. He believes a significant downturn is coming before a genuine bull run can begin.
Bitcoin and Solana Predictions
Capo’s analysis suggests Bitcoin (BTC) could drop to between $79,000 and $86,000 before recovering to over $112,000. At the time of writing, BTC is trading around $97,460.
Similarly, he predicts Solana (SOL) could fall to $130-$150 before potentially reaching a new all-time high above $300. SOL is currently trading at $175.
Ethena (ENA) Also in the Spotlight
Capo also sees potential for Ethena (ENA), an Ethereum-based synthetic US dollar protocol. He believes ENA could rally in stages after bouncing off its support level of around $0.40, potentially reaching its previous all-time high near $1.52. ENA is currently trading at $0.413.
Disclaimer
This information is for general knowledge only and should not be considered investment advice. Always conduct thorough research and consider your own risk tolerance before investing in cryptocurrencies.
