An analyst who accurately predicted the 2022 crypto collapse believes that digital assets are nearing a period of sustained rallies. Pseudonymous analyst Capo tells his 909,000 followers on the social media platform X that he observes a resurgence of bullish momentum in crypto. However, the analyst notes that his prediction will only materialize after a significant correction.

“Potential last 5%-15% shakeout, before the ‘up only season’ begins.

Just don’t get shaken out.”

Capo also informs his 114,604 subscribers on his Telegram channel that he is building a hedge position in accordance with his anticipated correction. Hedging is a risk-management strategy wherein traders open new positions designed to offset potential losses in their existing investments.

Examining Solana (SOL), the analyst shares a chart suggesting that the large-cap crypto asset could plunge toward the $220 price level before initiating a rally to a new all-time high of $320.


Source: Capo/Telegram
At the time of writing, SOL is trading at $250.

Regarding Ethereum (ETH), the trader anticipates that the leading altcoin will retrace to its “main support” area before surging to a new all-time high close to $5,000.

“This is how it would look. Same as before, but adding the potential last shakeout, which would test the $2,800-$3,000 support again.”


Source: Capo/Telegram

Based on the trader’s chart, he seems to predict that altseason will commence once Ethereum ignites its run to a new record high. At the time of writing, ETH is valued at $3,329.

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