cryptocurrency Il Capo of Crypto, one of the most famous analysts of the market, said in his statement: Bitcoin (BTC), Uniswap (UNI), And Solana (SOL) evaluated.
According to the analyst, during the price increase in Bitcoin from $ 25,000 to $ 40,000 to $ 50,000, there was demand to support this rise. However, there was no excess demand in the rise from $ 50,000 to $ 64,000.
In addition, during the rally between $40,000 and $64,000, big whales were constantly shedding their holdings.
The analyst argues that there is currently a large liquidity gap from the current Bitcoin level to around $30,000. According to the analyst, the price always looks for liquidity and moves accordingly, regardless of the direction. il Capo sees most of the liquidity on the downside.
However, the analyst claims that there is manipulation in the UNI price. He argues that if there is a movement below $10, the distribution phase will begin. At the time of writing this article, UNI price is trading at $12.55.
On the Solana side, the analyst declared that the main resistance of $130, which he mentioned before, had been reached. According to the analyst, from here on, the price of SOL may decline towards the $48 level with a downward wave.
*This is not investment advice.
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