Renowned analyst Il Capo of Crypto shared his latest evaluations of the cryptocurrency market, focusing on Solana.
Solana's Recent Correction
The analyst noted that Solana experienced the expected strong correction after surpassing the 2021 all-time high price level. According to Il Capo, this area has now turned into a solid support and a bounce has occurred.
Growth Predictions for Solana
According to Il Capo, if the bullish trend on the low time frame chart continues, a jump to the $300 level may occur. It was also noted that the SOL/BTC pair appears to be in good shape.
Overview of the Cryptocurrency Market
Speaking about the general cryptocurrency market, the analyst noted that after the strong recovery from the lows, some pullbacks could occur. However, the overall trend remains bullish, and the analyst maintains a 'buy the dip' mindset.
Expectations are that Il Capo of Crypto's analysis will continue to influence investor sentiment, especially given the growing market volatility.
