Capo, one of the most recognizable cryptocurrency analysts in the industry, made serious warnings for the three leading cryptocurrencies.
Analyst Capo, especially Ethereum (ETH) rival Terra (LUNA), oracle platform Chainlink (LINK) and has taken a big hit lately Phantom (FTM) talked about.
3 Altcoins Could Drop Hard
In a statement on Twitter, the analyst emphasized that LINK and LUNA are technically “dangerous”. Stating that these act similarly while the whole market is falling, the analyst expects LUNA to fall to the $ 40-45 band.
Looking at the graphs shared by the analyst, it is seen that the technical view is almost the same in real terms. Although LUNA is pushing $100, according to the analyst, this rise will not be permanent and negative divergence will arise from here.
The famous analyst expects Chainlink, which is about 75% behind its all-time record, to experience a similar decline. LINK also gives a clue about what awaits LUNA investors with its previous decline.
Capo also made a statement about Phantom, who was hit after the coup in the past few days.
The analyst emphasized that FTM currently has more bearish risk. Stating that especially open positions are a big risk, the analyst stated that the FTM chart looks bad.
Although FTM is currently trying to hold on to $ 1, according to the analyst, this support will be dissolved soon and the sharp decline will continue.
*Not investment advice.