Widely followed crypto analysts have expressed bearish sentiment towards Altcoin, which competes with the two Ethereums (ETHs).
Capo, a pseudonym crypto analyst, told his 263,800 Twitter followers that the price of the two Layer 1 platforms could drop by more than 50% from current levels.
From Fantom (FTM), Capo To tell Flashing a bearish signal when a smart contract-enabled blockchain native token is paired with Bitcoin (BTC).
According to Capo, a three-wave correction based on Elliott wave theory could cause the FTM to fall to at least $ 0.35 against the US dollar. According to theory, the main trend of assets moves in a 5-wave pattern, and corrections occur in a 3-wave pattern.
The pair against BTC continued to look bearish as sexual intercourse, breaking major support like butter.
Updated main goals: $ 0.30 – $ 0.35. “
Fantom is trading at $ 0.7943 at the time of writing.
Next is Solana (SOL). For charts without capos, Capo teeth SOL’s bearish scenario by showing that Ethereum’s competitors’ native tokens are down about 49% to 55% from their current prices to between $ 40 and $ 45. According to Capo, Solana was able to make a strong recovery after reaching its last level in August 2021.
Solana is trading at $ 88.69 at the time of writing.
“The BTC trend is bearish from the one-hour time frame to the one-week time frame.
Altcoins broke key support levels, most of them hit new lows and confirmed that the February-April bounce was certainly a fix.
The leverage ratio is always high.
The chances of surrender are increasing and can soon drop by 50-60%. “
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