Notable Warnings from Analyst Capo for Solana and Bitcoin
Cryptocurrency analyst Capo has drawn attention to the increasing volatility in the market, especially making critical evaluations regarding Solana (SOL) and Bitcoin (BTC). Capo stated that Solana carries a serious risk of a pullback in the short term and that investors should be cautious.
Risk of Decline in Solana
Solana, seen as one of Ethereum's significant competitors, is technically in a weak position according to Capo. The analyst states that Solana is now testing a level that was previously a strong support as resistance, and this reversal gives a negative signal.
According to Capo's analysis, Solana, which is currently trading at around $143, could experience a decline of up to 58%. It is predicted that this expected pullback could form a bottom in the $60 to $80 range. Reminding that Solana has already experienced about a 51% loss in value since its peak in January, Capo stated, 'The previous support has now become resistance. If it cannot surpass this level, a decline may be inevitable.'
This analysis, which draws the attention of investors, also seems consistent with past price movements. Technical analysis conducted on short-term charts supports Capo's target range. Given the high volatility in the crypto market, it is emphasized that Solana investors should be prepared for fluctuations.
Critical Points in Bitcoin
Capo has pointed out potential scenarios not only for Solana but also for Bitcoin. According to the analyst, Bitcoin faces strong resistance at the $109,000 level. If this level cannot be surpassed, it is possible for BTC to fall first to $93,000, and then with a larger correction down to the $60,000–$70,000 range.
These predictions bear similarities to the price levels observed in October 2024. Capo warns investors about the unpredictable nature of the market by saying, 'If you think you see everything that is happening... think again.'
At the time of writing, Bitcoin is trading at approximately $107,197. This level indicates a 4% decrease compared to recent prices.
Warnings to Investors
Capo's comments remind investors that they should not evaluate market movements solely based on technical analysis. It is emphasized that the nature of cryptocurrency markets is prone to sudden directional changes, and technical indicators do not always yield definitive results. Therefore, it is stated that investment decisions should be supported by careful analyses and risk management.
Considering Capo's large follower base and the impact of comments on the market, it is assessed that these analyses could have a certain effect on price movements in the short term. However, experts emphasize that investment decisions should not be made solely based on such analyses.
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