Veteran Analyst il Capo Gives Altcoin Season Message – This Is The First Time He Has Spoken So Clearly, Publishes 8 Altcoin Names
The post Veteran Analyst il Capo Gives Altcoin Season Message – This Is The First Time He Has Spoken So Clearly, Publishes 8 Altcoin Names appeared on BitcoinEthereumNews.com.
Renowned crypto analyst il Capo of Crypto has sparked excitement in the crypto community with his latest views on a possible altcoin season. In a detailed Twitter post, he outlined several factors that could pave the way for a rally in altcoins, from regulatory changes to technical indicators. Capo said that January 20, 2025, is a crucial date for Donald Trump’s inauguration and the finalization of SEC Chairman Gary Gensler’s departure. Trump’s announcement that he will replace Gensler with Paul Atkins, a known crypto advocate, is expected to usher in pro-crypto regulations. In addition, FTX’s $1.2 billion repayment plan, part of a larger $16 billion initiative, went live on January 3, 2025. Capo noted that this influx of liquidity could support crypto markets and potentially spark new demand for altcoins. Capo gave an in-depth analysis of major cryptocurrency charts: Bitcoin (BTC): Despite the correction after the $100,000 milestone, Bitcoin has found strong support at $90,000-$92,000, with the liquidity zone extending to $110,000-$130,000. This stability could create room for altcoins to rise. Ethereum (ETH): Ethereum is recovering from the $2,800-$3,000 support zone after rejecting the $4,000 resistance level. A potential breakout could take ETH to a new all-time high of $5,000. Altcoin Market Cap: The combined market cap of altcoins is indicating a higher low, suggesting the possibility of new highs and price discovery. Solana (SOL): A strong support/resistance reversal and the possibility of a Solana ETF could push SOL to $300. Ethena (ENA): Despite recent corrections, strong fundamentals and partnerships point to aggressive upside potential. Capo sees a shift in market trends. While memecoins were dominant during Trump’s election, he now expects a shift toward AI-focused and utility tokens. According to the analyst, projects such as Artificial Super Intelligence (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) are leading the way…
Filed under: News - @ January 16, 2025 1:19 am