Cryptocurrency Analyst il Capo’s Evaluation of Solana (SOL) and BNB
Renowned cryptocurrency analyst, il Capo, recently provided insights into the current status of two popular altcoins: Solana (SOL) and Binance Coin (BNB).
The analyst, well-known for his bearish predictions, anticipates a retest of the resistance zone between $330 and $350 for BNB. Following this, il Capo predicts a bearish divergence in favor of the bears.
As of now, the BNB price stands at $305, showing minimal change in the last hour. Interestingly, while most other altcoins experienced gains and Bitcoin surged above $47,000 after a prolonged period, BNB did not follow suit.
On the Solana front, il Capo also assessed the current state of SOL. Despite recently surpassing $120, SOL is currently trading at $101.
The analyst foresees a potential surge in SOL’s price to around $129-$130, followed by a subsequent decline to $48-$50 in the upcoming bearish wave. Notably, SOL’s price had dropped to $8 during the FTX crisis, and the new management at FTX still holds a significant amount of SOL.
- BNB Price Analysis:
- Expected retest of the resistance zone: $330 – $350
- Anticipation of a bearish divergence
- Current BNB price: $305
- SOL Price Analysis:
- Predicted surge to: $129 – $130
- Expected subsequent decline to: $48 – $50
- Current SOL price: $101
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