Categories: Analysis

KOL Capo predicts a big bull run for ADA and says it’s impossible not to bounce back on altcoins

A popular analyst predicts a sharp surge in Cardano (ADA) as he sees the altcoin market showing signs of strength.

The person known in the industry as Capo, speak With 176,100 followers, Cardano has bottomed out and is ready to trigger a new upward trend.

“ADA bottomed at $ 1.90 and now it’s time to move towards $ 10. Buy and wait.”

Capo points to a tweet he posted in August that correctly predicted Cardano would fall to $ 1.90 before continuing its bull cycle.

“The price action looks weak here. A correction to $ 1.85-1.90 is likely. The macro outlook is bullish and could climb to $ 10 or more this year. “

Daily ADA / USDT chart released August 22nd | The source: Capo / Twitter

The analyst uses Elliott Wave Theory, a technical analysis method that predicts future price movements by tracking the sentiment of the crowd through each wave. According to Capo’s chart, Cardano’s decline to USD 1.90 marks the end of the ADA correction phase and the beginning of a new wave.

Capo is also bullish on altcoins as he believes the entire crypto market will explode in the coming months.

“I repeat, this is only a mid-cycle correction. $ 30,000 to $ 50,000 in BTC is a wide range of accumulation. The BTC correction to $ 42,000, $ 40,000, or $ 38,000 is a gift. Let’s take them. October through December will be epic, especially for altcoins. “

To back up his view on altcoins, Capo looks at the chart OTHER, this chart shows the total market capitalization of the top 125 cryptocurrencies excluding Bitcoin and a few other major digital assets. According to Capo, the OTHERS chart looks bullish after recovering from the critical support area at $ 235 billion.

“It’s impossible not to be optimistic about altcoins.”

Daily MISCELLANEOUS diagram | The source: Capo / Twitter

With Bitcoin, Capo believes the crypto king has bottomed out as buyers pile up bids on the order book.

“That looks like a low. The demand is huge and there is no supply. A pump will happen soon. “

The source: Capo / Twitter

You can see the coin prices here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN-Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

10 minutes ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

15 minutes ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

23 minutes ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

2 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

2 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

3 hours ago

This website uses cookies.