Crypto Analyst Capo Projects Large Corrective Moves For ETH And ADA
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According to a popular crypto market analyst, known as Capo, smart contract platforms Ethereum (ETH) and Cardano (ADA) are likely to make corrective moves soon.
Ethereum (ETH)
The crypto analyst shared with his 244K followers on Twitter that after facing resistance at $3,000, he expects Ethereum to fall all the way to $1,400.
At time of writing, ETH is trading at $2,593 down 3.6% on the daily chart.
Cardano (ADA)
Capo then turns his focus on Cardano, and notes that ADA’s next support level is around $0.50, as failed to defend support at $1.00.
“Next level of support is like $0.50.”
At time of writing, ADA is trading at $0.86, down 10.6% on the daily chart.