Fantom & Solana Blëtz Bear Cycle! Hei ass firwat de FTM & SOL Präis 50% erofgeet - Coinpedia - Fintech & Cryptocurreny News Media

One of the popular Crypto analysts who is pseudonymously known as Capo is expecting a bearish momentum for two Ethereum competitors 

Capo explains to his 263,800 Twitter followers that we could see a downfall of two layer-1 platforms by over 50% from their current levels 

The cryptanalyst starts his prediction with Fantom (FTM) and asserts that Fantom (FTM), a smart contract-enabled Blockchain’s native token is depicting a bearish pull when in comparison with Bitcoin (BTC).

Phantom (FTM)

According to Capo, Fantom could decline at least $0.35 in a three-wave corrective move formed by Elliott Wave Theory. This Elliot Wave Theory refers that the asset’s main trends move in a five-wave pattern whereas the correction happens in a three-wave pattern. 

"FTM  

Pair géint BTC bleift bearish wéi Fuck, an et huet déi grouss Ënnerstëtzung wéi Botter gebrach.  

Haaptziel aktualiséiert: $0.30 - $0.35.

At the time of reporting, Fantom is changing hands at $0.849 with a surge of 7.24% over the last 24hrs. 

Solana (ENG)

The next token that the cryptanalyst talks about is Solana (SOL). Capo refers to a bearish scenario for Solana, as the SOL has dropped by around 49%, as the currency is trading between $40 to $45.

As per Capo, once Solana hits the stage that was last reached in August 2021, the currency would start with its recovery stage. 

At the press time, Solana is valued at $92.77 with an uptrend of 5.38% over the last 24hrs. 

As the first two largest cryptocurrencies, Bitcoin and Ethereum are waving red, the analyst claims that the crypt market will decline even more.

"BTC Trend ass bearish vun enger Stonn Zäitframe bis eng Woch Zäitframe.

Altcoins hunn grouss Ënnerstëtzungsniveauen gebrach an déi meescht vun hinnen hunn nei Tiefen gemaach, wat bestätegt datt de Februar-Abrëll Boun wierklech eng Korrektur war. The leverage ratio is at an all-time high. D'Kapitulatioun gëtt ëmmer méi wahrscheinlech, a mir kéinte geschwënn 50-60% erofgoen.