Renowned Analyst, il Capo, Evaluates the Prospects of Solana (SOL) and BNB Ahead of Potential Bitcoin Spot ETF Approval

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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