A popular crypto analyst, Crypto Capo, is predicting a market downturn after a recent surge. He’s advising his 132,000 Telegram followers to take profits.
Time to Take Profits?
Capo notes a significant bullish run, with Bitcoin exceeding $98,000, Ethereum hitting $2,300, and Solana reaching resistance levels around $170-$200. Many altcoins saw gains of 30% to 100%. He’s already cashed out 50% of his holdings, anticipating a substantial market reversal.
Ethereum’s Predicted Dip
Capo believes Ethereum (ETH) has reached its peak for now, in the $2,000-$2,300 range. He expects a strong downward movement after forming a local top. His charts suggest ETH could fall below $1,200 around June. At the time of writing, ETH is trading at $2,290, up 11.5% in the last 24 hours.
Solana’s Continued Rise?
Unlike Ethereum, Capo sees Solana (SOL) continuing its upward trend, potentially reaching $170-$200. He believes Solana’s ecosystem will continue to grow. SOL is currently trading at $170.68, a 7% increase in the last 24 hours.
Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions. Cryptocurrency investments are inherently risky./p>