Crypto Analyst Capo's Bearish Predictions for Solana and Bitcoin: Investors Should Be Cautious

The recent fluctuations in the cryptocurrency market have turned investors' attention back to the popular analyst Capo. In particular, his striking assessments about Solana (SOL) have created anxiety in the market.

Critical Resistance and Expected Decline in Solana

In his analysis on the Telegram channel, Capo stated that Solana is now testing a price level that was previously strong support as resistance. He states that this change indicates an important break in the buyer-seller balance.

"Solana is currently facing resistance at a critical level that was previously support. If this level is not breached, the price is likely to fall to the $60-80 range."

Solana is currently trading around $143 and has experienced a 51% loss in value since the beginning of the year. According to Capo, the current technical structure and resistance behavior indicate a risk of a short-term drop of up to 58% in price.

Reminding that there have been sharp pullbacks after similar resistance/support conversions in the past, the analyst calls on investors to be more cautious.

Bearish Scenario on the Table for Bitcoin as Well

Making warnings for Bitcoin along with Solana, Capo predicts that the leading cryptocurrency may be rejected from the resistance at the $109,000 level. According to this scenario, Bitcoin may first test $93,000, and then the $60,000-70,000 band if the decline deepens.

Capo: "If you think you see everything... think again."

At the time of writing, Bitcoin was trading at approximately $107,200 and had lost approximately 4% of its value in the last 24 hours.

Technical Indicators Are Not Enough On Their Own

The fact that Capo has made many accurate predictions in the past increases the interest in his analysis. However, experts warn that it may be risky to make investment decisions based solely on technical indicators. Especially the highly volatile structure of crypto markets makes sudden changes of direction possible.

Conclusion: Careful Strategy is Essential

These analyzes regarding the current uncertainty and resistance levels in the market make it imperative for investors to act more cautiously in the coming period. In this process, where pressure on prices is increasing, both technical data and market psychology should be carefully monitored.

The basic recommendation for investors remains the same: always do your own research and do not neglect to manage risks.

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