Famous cryptocurrency analyst il Capo shared various evaluations after the withdrawal in Bitcoin due to higher than expected inflation data in the USA today.
The analyst, known for his bearish statements about Bitcoin, focused on Polkadot (DOT) and Solana (SOL) this time, following his previous altcoin evaluations during the day.
The analyst said that he initially predicted a rise from the current $7.18 price level to $10.68 in his DOT assessment. In addition, he believes that after the peak at this level, there will be a large decline and a drop below 2 dollars.
In his recent analysis, il Capo said that after the peak of $ 50,000 in Bitcoin, he predicted that altcoins would experience a pump and then a big decrease in altcoins along with Bitcoin.
After that, the analyst switched to SOL analysis and said that the SOL price made a nice jump from the support level, and the next target and also the resistance is $ 130. At the moment when the analyst shared his views, SOL price was traded at $ 108.88.
However, the analyst argues that there will be a large decline for SOL after the peak in question, as in DOT, and shows the $ 48.34 level as the target.
*This is not investment advice.