Analyst il Capo of Crypto has once again shared his views on the cryptocurrency market in light of the recent surge. In his comments, he outlines expectations for future developments and offers advice for investors.
Analyst's View on the Current Situation
Following a significant rise in the cryptocurrency market, il Capo of Crypto expressed his thoughts. He noted that investors who did not enter the market before the rally did not miss an opportunity, emphasizing that such opportunities always remain, often even better than before.
Future Predictions for Bitcoin and Solana
The analyst, who has maintained a bearish stance since May, claims that he anticipates a major decline. However, he added that a significant recovery wave is expected in October and November following this decline. Regarding Bitcoin, il Capo noted that the cryptocurrency failed to register its first month of growth, falling below the $115,000 mark. Speaking specifically about Solana, he indicated that the coin is testing its old resistance between $170-$200, with the main target still set at $60-$80.
Thoughts on Ethena (ENA)
Discussing Ethena (ENA), the analyst stated that it is one of the few altcoins he hasn't sold. He mentioned that if his bearish scenario unfolds, ENA could drop to $0.20, but he would buy even more in that case.
il Capo of Crypto continues to share his insights on the cryptocurrency market, offering both cautionary and encouraging predictions for investors awaiting future opportunities.
