An analyst who is well-known in the crypto community has stated that Solana, a smart contract platform (SOLInvestors are being lured into a bulltrap by.
Crypto analyst Crypto Capo, a pseudonymous expert in cryptography has released a brand new session on strategy. tells His audience on Telegram, a social media platform (ETHThe rival appears to be ready to deceive traders.
“This also looks like a bull trap, in my opinion. Basically the same pattern they’ve been pulling these past few days. Stay safe.”
A trader chart suggests that Solana could drop as low as $140 by March. This would then spark a huge rally, which will take it to an all-time record high.
Traders claim that many altcoins are likely to be traded. follow A similar pattern is predicted, and he believes they may drop 20-40% more before rapidly recovering.
“I know I said the drop the other day might be the last shakeout. But adapting to the current situation is important. Altcoins may drop 20-40% from their current level in the second shakeout. This could be followed by an immediate recovery.
I call it a ‘shakeout’ because panic-selling during these sudden moves is a mistake. It is best to remain calm and to add more to your positions, as this would be considered in the “accumulation zone.”
Capo also predicts Bitcoin (BTC) and Ethereum as the two most valuable crypto assets in terms of market capitalization.BTCEthereum (ETHThis will be followed by )
He charts indicate BTC’s price will drop to $86,000 by February and then rocket to a brand new high. ETH, on the other side will reach a new all-time record. drop The price ranged from $1,800 – $2100. A rally began in March, however, to reach the $4800 mark.
SOL was trading at $190.92 as of the time of this writing. This is a small decrease over the past 24 hours. BTC and ETH were valued at $95 797 and $2 644 respectively.
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