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Crypto Trader Says Ethereum Rival Primed for Massive Crash After a Dead Cat Bounce, Updates Outlook on Bitcoin

Crypto Trader Says Ethereum Rival Primed for Massive Crash After a Dead Cat Bounce, Updates Outlook on Bitcoin

2025/06/26 16:00
By:

A pseudonymous crypto analyst is predicting that a large-cap Ethereum ( ETH ) competitor could depreciate by double-digit percentage points from the current level.

The analyst, pseudonymously known as Capo, tells his 128,716 Telegram subscribers that Solana ( SOL ) is currently testing a resistance level that was previously a support zone.

According to Capo, Solana could fall by up to 58% from the current level after failing to break above a level last reached late last month.

“After the current dead-cat bounce, it’s now testing another important resistance, which was support before (support/resistance flip). Main target remains $60 to $80.”

Crypto Trader Says Ethereum Rival Primed for Massive Crash After a Dead Cat Bounce, Updates Outlook on Bitcoin image 0 Source: CryptoCapo/Telegram

Solana is trading at $143 at time of writing, down by around 51% from the all-time high reached in January.

Turning to Bitcoin ( BTC ), Capo says the crypto king is facing strong resistance at the level just below $109,000. Based on the pseudonymous analyst’s chart of the one-day time frame, it appears Capo is suggesting that Bitcoin could first fall to a support level around the price of $93,000.

Capo also appears to suggest that Bitcoin could capitulate even further and revisit the zone between $60,000 and $70,000, levels last witnessed in October of 2024.

“If you think we’ve seen it all… think again.”

Crypto Trader Says Ethereum Rival Primed for Massive Crash After a Dead Cat Bounce, Updates Outlook on Bitcoin image 1 Source: CryptoCapo/Telegram

Bitcoin is trading at $107,197 at time of writing, down by around 4% from the current level.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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