In the wobbly, often bewildering Discworld that is the crypto market, a mysterious sage known only as Capo (who may or may not own more hooded cloaks than actual coins) has peered into the slightly cracked crystal ball and issued a dire prophecy. His words, beamed to 128,716 Telegram acolytes, suggest that Solana (that’s the coin, not your neighbor’s cat) is about to experience what mortals call the “financial splat,” or, in technical wizard speak: “dead cat bounce.”
In Capo’s world, Solana currently finds itself bouncing against a resistance so stubborn, you’d think it was built by dwarfs on strike. The last time Solana faced this height? Last month, which in crypto time is basically ancient history or, as some prefer, pre-Lunch.
According to Capo, the future looks as bright as a candle in a howling gale. Solana may, if the omens hold, plunge up to 58%—which is quite a lot, as anyone whose wagon was recently hitched to Solana would tell you (in a high-pitched voice).
“After the current dead-cat bounce, it’s now testing another important resistance, which was support before (support/resistance flip). Main target remains $60 to $80.”
Solana sits at $143 as of this very moment—roughly 51% below its all-time high. “Remember that high?” people might say one day. “Me neither,” others will reply. Ah, nostalgia, the most volatile currency of all.
Meanwhile, our intrepid analyst turns an all-seeing eye to Bitcoin, the king, emperor and slightly befuddled patriarch of crypto. At just under $109,000, Bitcoin is whacking its head on a ceiling so tough, even trolls would avoid it. Capo’s charts suggest that Bitcoin might tumble to $93,000, or if it’s feeling particularly theatrical, down to the $60,000–$70,000 range last seen back in October 2024. (If you’re there, please send a postcard.)
Capo, ever the cheerful harbinger, pipes up: “If you think we’ve seen it all… think again.” It’s the sort of phrase that would make even the most optimistic wizard check their emergency stash of bananas.
Currently, Bitcoin sits at $107,197, enjoying a gentle 4% downhill slide. Don’t forget your towel. In crypto, as on Discworld, things might get damp very quickly. 🚀😼🪙
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2025-06-27 23:13