Ah, the ever-predictable world of cryptocurrencies—where the only constant is uncertainty and dramatic proclamations. An analyst, confident and self-assured as any seer of benefaction, has surfaced with claims that one rival of Ethereum (ETH), the illustrious Solana (SOL), is perched precariously on the brink of a calamitous decline. Hardly surprising, isn’t it?
This inscrutable analyst, known only as Capo—perhaps an allusion to some arcane leadership—has bestowed upon his 129,129 Telegram followers (quite the audience!) a warning: Solana faces resistance at the exalted heights of $200, with a drop of over 68% looming ominously like a thundercloud overhead.
“SOL update: retesting the same old $170-$200 resistance zone. Main target remains $60-$80,” he enigmatically proclaims, as if revealing the fate of empires.
As the digital currency dangles at a price of $188—having succumbed to a mild 1.7% dip in the last 24 hours—it seems the drama is far from peaking.
As we turn our gaze to another player in this illustrious game, Capo professes his continued affection for Ethena (ENA), a synthetic dollar protocol tapping into the ethereal Ethereum. However, he warns of a potential abrupt correction that may rock ENA’s boat before it confidently sails onward.
“One of the few altcoins I didn’t sell, as you can see on the quoted post. It has now reached the mid-range at $0.50-$0.55. If the bearish scenario plays out, we could still see a last leg down towards the range low at $0.20 (all-time low). If that happens, I’ll be buying more. Same plan as before,” he muses, like a philosopher grappling with the futility of existence.
Glancing at his cryptic charts, he postulates that Ethena might ascend to $1.52 after a bold retesting of the $0.19 level. Who wouldn’t want to traverse such thrilling financial heights?
As for Bitcoin (BTC), despite its fleeting triumphs, our sage analyst holds fast to the belief that it shall soon enter a significant downward spiral. The trepidation is palpable.
“BTC gives the first bearish confirmation below $115,000,” he advises, leaving us all to wonder if this is the moment we’ve been simultaneously anticipating and dreading.
Bitcoin, currently flaunting a price of $119,161, has managed a modest rise in the last 24 hours—possibly a mirage in a dessert of volatility. What a melody, this crypto dance!
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2025-07-24 21:21