Capo’s Bold Forecast: Solana, Ethena, and Bitcoin Set for Wild Price Swings

Crypto's resident Nostradamus drops another volatility bomb—strap in.

Solana, Ethena, and BTC in the crosshairs as market tremors loom.

When Capo speaks, traders listen (or pretend to while secretly panic-trading). The latest prediction? A rollercoaster ride for three major players—just in time for another round of 'this time it's different' hopium.

Technical breakdown: SOL's make-or-break levels

Ethena's synthetic dollar play faces its first real stress test

Bitcoin: Will the OG crypto's 'digital gold' narrative hold?

Pro tip: Watch the leverage ratios—nothing fuels a crypto dump like overconfident degens. And remember kids, in this market, 'fundamental analysis' often means staring at a candlestick chart until it whispers financial advice.

Closing thought: If past performance is any indicator (spoiler: it's not), these predictions will either be eerily accurate or spectacularly wrong—with no in-between. Place your bets before the algos front-run your position.

$183 (SOL) is at a critical resistance level and may potentially decline significantly from its current value. The expert suggests that Solana poses a risk of short-term price correction.

ContentsSolana (SOL) Targeted LevelsRising Potential for EthenaAnticipated Decline in Bitcoin

Solana (SOL) Targeted Levels

Capo shared on his Telegram channel that solana encounters strong resistance within the $170-$200 range and targeted the $60-$80 band as a price objective. Currently, Solana is trading at $188, having depreciated by 1.7% in the last 24 hours. This assessment presents a remarkable view suggesting the possibility of market price movements reaching lower levels.

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The analyst’s charts indicate that Solana’s upward movement faces significant resistance and is on a downward trend. The levels Capo emphasizes are noteworthy for short- and medium-term investors to consider as potential price ranges.

Rising Potential for Ethena

In another evaluation, Capo shared insights on Ethena (ENA), a synthetic dollar protocol based on Ethereum$3,683. Highlighting ENA as one of his few held altcoins, Capo sees a potential upside in the medium term. Currently priced at $0.49, ENA recorded a 6.2% increase in the last 24 hours.

The shared chart suggests the possibility of ENA retesting the $0.19 level, followed by a rise to $1.52. However, the potential for a short-term downward correction is also acknowledged.

Anticipated Decline in Bitcoin

Capo presents a pessimistic view of Bitcoin (BTC)$117,393, suggesting that it might soon enter a distinct downward trend.

The upcoming week is expected to be full of surprises. Having accurately predicted numerous scenarios in 2022, Capo now sees bitcoin hovering around $120,000, previously skeptical after indicating this rise as the biggest bull trap. His acceptance of the rise is understandable considering the market’s susceptibility to a downturn.

Capo’s analysis suggests that Solana and Bitcoin are at significant support and resistance levels, urging investors to proceed cautiously amid potential price fluctuations. While short-term risks appear for assets like Ethena, the analyst believes upward movements might be possible in the medium term. Those considering investments should perform diligent research by tracking projected levels and market dynamics, exercising caution in their decisions.

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