Il Capo of Crypto, one of the well-known names in the cryptocurrency world, presented his assessment of the market in his statement.
With the resurgence of the tariff issue in the US, the price of Bitcoin has fallen from around $109,000 to its current $104,000. Il Capo predicted that the cryptocurrency, which is currently near its all-time high, will “fall further.”
In his statement on May 28, il Capo stated that he increased his short positions.
The crypto analyst, who made a special report for Solana (SOL), said that a rejection came as he expected between $ 170 and $ 200. For the future, the analyst argued that the main support area that SOL has has been tested many times and therefore could be broken. He claimed that in a capitulation event, the price could fall even further and fall to the $ 60 to $ 80 band.
SOL is trading at $151 at the time of writing and has lost 11% of its value in the past week.
*This is not investment advice.
