A well-known crypto analyst, who correctly predicted the 2022 crypto market crash, is forecasting a major bull run for digital assets. However, they say it won’t happen without one last significant price drop.
A Final Dip Before the Surge?
The analyst, known only as Capo, has a large following on social media. They’re telling their followers to expect a final 5% to 15% correction before the market takes off. Capo’s advice? Don’t panic sell during this dip. They’re even hedging their own bets, meaning they’re taking steps to protect their investments against potential losses.
Specific Predictions for Solana and Ethereum
Capo shared some specific predictions. For Solana (SOL), they predict a drop to around $220 before a rally to a new all-time high of $320. At the time of writing, SOL is trading at $250.
For Ethereum (ETH), the analyst sees a retracement to the $2,800-$3,000 support level before a surge to a new all-time high near $5,000. Currently, ETH is trading at $3,329.
Altseason on the Horizon?
Capo’s charts suggest that this Ethereum surge will trigger a broader altcoin rally, often referred to as “altseason.”
Important Disclaimer
Remember, this is just one analyst’s opinion. Cryptocurrency investments are inherently risky. Always do your own research before investing, and never invest more than you can afford to lose.
