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An analyst who accurately called the 2022 crypto collapse believes that one Ethereum (ETH) rival is on the verge of a deep correction. Pseudonymous analyst Capo tells his 129,129 subscribers on his Telegram channel that Solana (SOL) is facing resistance at the $200 level and may decline more than 68% from its current value. “SOL update: retesting the same old $170-$200 resistance zone. Main target remains $60-$80.” Source: Capo/Telegram Solana is trading for $188 at time of writing, down 1.7% in the last 24 hours. Next up, the analyst says that he is remaining bullish on Ethena (ENA), a synthetic dollar protocol built on Ethereum. However, the analyst says ENA may have a sudden correction before continuing higher. “One of the few altcoins I didn’t sell, as you can see on the quoted post. It has now reached the mid range at $0.50-$0.55. If the bearish scenario plays out, we could still see a last leg down towards the range low at $0.20 (...

A closely followed crypto strategist believes that one top-10 altcoin is about to move another leg up. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that that he thinks BNB, the native asset of the DeFi protocol Binance Smart Chain, will witness higher prices this year. He also believes that the expected release next month of Changpeng Zhao (CZ), the former CEO of Binance, could be a bullish catalyst for BNB. “BNB is still one of the better majors out there right now; also going to coincide with CZ’s release date about a month from now. You can try to get ahead of this by buying BNB and also getting some BNB exposure to shitcoins (aka memes on there).” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests that BNB could soon flip $612 into a support level. BNB is trading for $584 at time of writing, up more than 2% in the last 24 hours. Next up, the analyst is expressing bullish se...