Crypto Markets Rally as CAPO Sounds Alarm on Critical Support Levels

Crypto bulls charge ahead—BTC flirts with $65K while altcoins post double-digit gains. Meanwhile, CAPO’s doomscroll warnings about ’make-or-break’ levels get drowned out in the green.

Market psychology 101: Traders ignore Cassandra when the printing press is humming. (Bonus jab: Wall Street still can’t decide if this is ’digital gold’ or a ’risk-on casino’—meanwhile, the blockchain doesn’t care.)

RENDER Coin Analysis

The entry of altcoins like RENDER into a robust uptrend phase alongside OpenAI was witnessed. This shift ignited excitement, and as prices soared exponentially, a sustained focus on these altcoins became evident. Currently, a plethora of altcoins demonstrates their presence in the AI and GPU sectors.

At the time of writing, Render Coin hovered around the $4.9 mark, a notable 97% increase from its low 59 days ago. Amidst the ongoing upswing, CAPO shared the following chart discussing RENDER.

“Many asked about this, here it is. Honestly, not much has changed. It reclaimed the crucial $4.25 level and, as long as it stays above, the main target of $6-$7 remains in play.”

Still anticipating a rise close to $3, CAPO remains highly ambitious. If BTC maintains its strength, this goal for RENDER is certainly achievable.

Altcoins Commentary

In CAPO’s current evaluation, if SOL Coin holds the $170-$200 range, there could be further gains. However, the strength of the existing rise indicates accelerated profit-taking. While numerous altcoins have seen 30%-100% increases, such movements aren’t surprising. Nonetheless, it’s questionable whether the prolonged negative trends could continue after this brief upward phase.

“While some altcoins can still ascend, after a 50% profit, my plan is to begin preparing for a potential capitulation event (black swan) towards the end of the month by securing a full hedge position in the next few days.”

A meeting between China and the US is set for Saturday, with high-profile Chinese representatives attending. Furthermore, next week, tariff rates are expected to drop. An initial deal with the UK has been reached, with more agreements anticipated. Unless TRUMP unveils a new surprise to the world, CAPO might find their predictions inaccurate, as they did in 2023.