One of the recognized names in the Crypto world, il Capo of Crypto, presented his evaluation of the market in a statement.
With the issue of customs duties coming back to the agenda in the US, the price of Bitcoin has dropped from around 109,000 dollars to the current level of 104,000 dollars. For the cryptocurrency, which is still close to its all-time high price level, il Capo predicted that it “will drop even further.”
In his statement on May 28, the Capo mentioned that he had increased his short positions.
A cryptocurrency analyst who issued a special notification for Solana (SOL) stated that a rejection occurred between 170 dollars and 200 dollars, as he expected. For the future, the analyst argued that the main support area that SOL has is tested many times and could therefore break. In a capitulation event, he claimed that the price could drop further and fall within the range of 60 to 80 dollars.
At the time of writing, SOL is trading at $151 and has lost 11% of its value over the past week.
*This is not investment advice.
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