An analyst who exactly called the cryptocoli 2022 believes that an Ethereum (Ethics) Rival is on the verge of a deep correction.
Pseudonym Analyst Capo tells his 129 129 subscribers on his telegram channel as Solana (Solar) is facing resistance at the $ 200 level and can reduce more than 68% from its current value.
“Sun update: Resume the same old $ 170 $ 200 resistance zone. The main goal remains $ 60 $ 80.”
Solana is traded for $ 188 at the time of writing, down 1.7% over the past 24 hours.
Next up, the analyst says that he remains hausse at Ethena (This), a synthetic dollar protocol built on Ethereum.
However, one says analysts one may have a sudden correction before continuing higher.
“One of the few altcoins that I did not sell, as you can see on the quoted post. It has now reached the middle range to $ 0.50 $ 0.55. If it is Baissealt scenario plays out, we could still see one last leg down to the range low at $ 0.20 (All-Time was located).
When looking at your diagram, the analyst suggests that Ethena can hit $ 1.52 after testing $ 0.19 level.
Ethena is traded for $ 0.49 at the time of writing, an increase of 6.2% over the past 24 hours.
Finally the analyst says He still believes bitcoin (BTC) will soon go into a significant downward trend.
“BTC gives the first baisse -like confirmation under $ 115,000.”
Bitcoin deals for $ 119 161 in writing, up marginally over the past 24 hours.
Generated Picture: Midjourney
