An analyst who has accurately called the collapse of cryptography 2022 believes that an Ethereum rival (ETH) is on the verge of deep correction.
The pseudonym analyst Capo told his 129,129 subscribers on his telegram channel that Solana (soil) faces resistance at $ 200 and can decrease more than 68% of its current value.
“Sol Update: Retracts from the same old resistance zone from $ 170 to $ 200. The main goal is $ 60 to $ 80. ”
Solana is negotiated at $ 188 at the time of the editorial staff, down 1.7% in the last 24 hours.
Then, the analyst says that he remains optimistic about Ethena (ENA), a synthetic dollar protocol built on Ethereum.
However, the analyst says that the ENA can have a sudden correction before continuing higher.
“One of the rare altcoins that I have not sold, as you can see on the post quoted. It has now reached the median beach from $ 0.50 to $ 0.55. If the lower scenario takes place, we could always see one last step to the low range at $ 0.20 (all low times). If that happens, I will buy more.”
Looking at his graph, the analyst suggests that Ethena could reach $ 1.52 after retetesting the $ 0.19 level.
Ethena is traded at $ 0.49 at the time of the editorial staff, up 6.2% in the last 24 hours.
Finally, the analyst says that he always believes that Bitcoin (BTC) will soon enter a significant trend with low.
“BTC gives the first lower confirmation below $ 115,000.”
Bitcoin is negotiated at $ 119,161 at the time of the editorial staff, up slightly in the last 24 hours.
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