Veteran Analyst il Capo Expects a 50 Percent Rally in One Altcoin and a Pump, Then a Dump in Another

Il Capo of Crypto, one of the well-known names in the cryptocurrency world, published his latest evaluations reflecting his thoughts following the latest developments in the market.

Although the Bitcoin price has partially recovered, it has still not managed to break the key $90,000 limit. However, il Capo stated in his statement that he does not like the price action on the short-term chart of BTC and expects a clear break above $89,000 for bullish confirmation.

On the altcoin side, the analyst said that he thinks the trend is still bullish on the short-term chart. However, he added that more bullish confirmation is needed on the altcoin side.

Speaking of specific altcoins, the analyst noted that the Near Protocol (NEAR) price has reacted well from a major support point on its long-term chart, with his own target at $4.5. At the time of writing, NEAR is trading at $2.98.

On the other hand, the analyst who spoke about Hyperliquid (HYPE), one of today's trending altcoins, thinks bearishly about this altcoin. According to the analyst, the HYPE price may first jump around $ 18 and then drop to $ 10. At the time of writing, the HYPE price is trading at $ 14.26.

*This is not investment advice.