Crypto Trader Says Ethereum Rival Primed for Massive Crash After a Dead Cat Bounce, Updates Outlook on Bitcoin
A pseudonymous crypto analyst is predicting that a large-cap Ethereum (ETH) competitor could depreciate by double-digit percentage points from the current level.
The analyst, pseudonymously known as Capo, tells his 128,716 Telegram subscribers that Solana (SOL) is currently testing a resistance level that was previously a support zone.
According to Capo, Solana could fall by up to 58% from the current level after failing to break above a level last reached late last month.
“After the current dead-cat bounce, it’s now testing another important resistance, which was support before (support/resistance flip). Main target remains $60 to $80.”
Solana is trading at $143 at time of writing, down by around 51%…
