Analyst Capo, who accurately predicted the 2022 collapse of the crypto market, asserts that digital assets are on the verge of entering a sustainable bullish phase. He expressed on the social media platform X that bullish momentum in the cryptocurrency market is set to revive. However, he emphasized that a significant correction period must occur for this prediction to materialize.
Correction Process Before the Rise
Capo explained that a decline of 5% to 15% could happen first to realize his forecasts. He stated, “The potential final 5%-15% dip could occur just before the ‘bull season’ starts.” He also cautioned, “Just be careful not to be affected by the downturn.”
He mentioned that he has created a hedge position suitable for the anticipated correction phase. Hedging is a strategy where investors open new positions to balance potential losses from their current investments. This method aims to protect against adverse market movements.
Expectations for Solana and Ethereum
Regarding Solana 
$87 (SOL), Capo predicts that the cryptocurrency will drop to $220 before swiftly climbing to a new record level of $320. At the time of writing, SOL is trading at $269. For Ethereum (ETH) 
$2,374, he expects the altcoin to pull back to its primary support area before rising to a new record level of $5,000.
According to Capo’s chart, he anticipates that a new record level for Ethereum will mark the beginning of an altcoin bull run.
Market Expectations
Capo emphasized that for an altcoin season to commence, Ethereum must reach a new record level. This expectation may signal a general upward trend in cryptocurrency markets. He indicated that the market should be prepared for these movements, advising investors to adjust their strategies accordingly.
Capo’s analyses are seen as a precursor to a possible recovery process in the crypto market. The anticipated correction phase, followed by a bullish period, is thought to present various opportunities for investors. However, it is crucial to note that market dynamics are constantly changing, and investors should remain vigilant.
