A popular analyst who accurately predicted the recent market drop sets new price targets for the four major crypto assets. These assets include Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), and Solana (SOL). Here are Crypto Capo’s predictions…
ADA, ETH, SOL and BTC predictions from Capo
Anonymous crypto trader Capo, who said in March that several major cryptocurrencies would drop by 50 percent, is now telling his 423,200 Twitter followers what’s next for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana. The analyst shares the following estimates, saying “some interesting levels”:
- BTC: $15,800 – $16,200
- ETH: $650 – $750
- ADA: $0.29 – $0.32
- LEFT: $18.00 – $20.00
Analyst’s previous forecasts
Capo’s latest forecasts come just after he revised downward price targets for the top two cryptocurrencies by market cap on June 17. The analyst predicted that BTC would drop from $21,000 to $16,200. With his predictions, he dropped ETH from $1,200 to $750. He then stated that on June 27, Ethereum will keep the new support level in the $700-$800 range. He had predicted that Ethereum would depreciate and correct towards the resistance. It pointed to $700-800 as the support level in the largest altcoin.
Going further back than that, Capo correctly predicted that Bitcoin would drop to $3,500 in recent years. He also correctly predicted that the price of XRP would fall to $0.11, as we reported on Cryptokoin.com. He also predicted that Cardano would drop as low as $1.90 before continuing higher during the past bull run.
What is the latest situation in the market?
So, what is the latest price situation in cryptocurrencies that the analyst is talking about? Currently, the leading cryptocurrency Bitcoin is down 0.3 percent on the day. It is trading at $19,155. Ethereum, the largest smart contract platform, has gained 1.6 percent in the last 24 hours. It changes hands at $1,064. The scalable blockchain platform Cardano is green at 0.9 percent. It changes hands for $0.45. Ethereum rival and layer-1 blockchain Solana is trading at $32.9, up 1%.
On the last day of the week, we can say that the market followed a horizontal course. Cryptocurrencies seem to be trying to make up for their losses, especially after Bitcoin slumped below $20,000. Time will tell what will happen in the coming period and what levels will be seen.
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