As the crypto market continues to swing between gains and losses, renowned analyst Capo, known for accurately predicting the 2022 market crash, has made headlines once again. In a recent post on X, Capo suggested that a strong bull run could be just around the corner—but not before one final correction.
15% Dip Before the Breakout?
Capo predicts a short-term market pullback of 5% to 15% before the bull season officially begins. Calling it the “final correction,” he advised investors not to panic, but rather to prepare for the opportunity ahead.
In line with his cautious optimism, Capo revealed he has taken on hedge positions in his own portfolio—commonly used as a risk management strategy against downward price moves. This suggests that while he is bullish long-term, he’s approaching the near-term with strategic caution.
Ethereum and Solana in the Spotlight
Capo’s bullish scenario includes both Solana (SOL) and Ethereum (ETH) as potential leaders of the next rally. At the time of writing, SOL is trading around $144, and the analyst expects a minor dip before testing key resistance zones. If this plays out, a breakout could quickly follow.
Ethereum, meanwhile, is expected to revisit its major support level before aiming for $5,000, according to Capo. Reaching this price point could act as a trigger for a broader altcoin season, fueling investor sentiment across the market.
Ethereum Must Lead for Altcoin Season to Ignite
According to Capo, the real altcoin rally will only start once Ethereum reaches a new all-time high (ATH). This milestone would boost market confidence and drive capital into altcoins, potentially kicking off a wave of substantial gains.
The Bit Journal notes that Capo’s insights carry weight due to his accurate market calls in the past. He encourages investors to remain calm during volatility, avoid short-term panic sells, and focus on long-term positioning. For seasoned holders, this correction could be the setup for one of the biggest rallies in recent memory.
As anticipation builds, all eyes are now on Ethereum and Solana, which Capo believes will lead the charge into the next major bull cycle.
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