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A crypto analyst and trader known for accurately predicting the 2022 market crash, Solana (Sol) bull notice.
A pseudonymous analyst known as Capo has told his 588,000 Twitter followers that the cryptocurrency market is likely forming a classic bullish trap.
With the recent surge in prices, Capo said most traders will be caught off guard by a significant correction.
Most people are unprepared for what is to come.
il Capo Of Crypto (@CryptoCapo_) November 5, 2022
While many traders are bullish on Solana, especially after Google Cloud decided to become a validator, Capo targeting A significant downside for SOL, as he believes smart contract platforms are likely to breach the uptrend support around $30.
“Sol.
Primary target: $17-19.
At the time of writing, SOL is trading at $30.90, down 11.64% for the day, almost 45% away from Capo’s lower target.
the capo too bearish FTX Token (FTT) experienced a 15% jump from the $22s to $25s over the weekend.
“Today’s FTT pump is one of the biggest bull traps I have ever seen.
Sub $10 is programmed.
According to Capo, FTT will not see meaningful demand until it hits the $8.50 level, more than 60% off the current price.
“It’s time for the week.”
At the time of writing, FTT is valued at $22.02, down 4.25% over the last 24 hours.
Looking at Bitcoin (Bitcoin), Popular Analyst To tell The top cryptocurrency by market capitalization may be in the process of forming a high near $21,500 before seeing another big drop.
BTC is starting to show bearish signs
Potential local top forming at current levels ($21,400-$21,500) this weekend
Take care. “
At the time of writing, Bitcoin is trading at $20,623, down 1.81%.
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