Experienced Analyst Chief, a 50% Big Rally in One Altcoin, While in the Other, First a Pump, Then a Big Dump is Expected!

One of the well-known names in the Crypto world, il Capo of Crypto, published his latest assessments reflecting his thoughts following the recent developments in the market.

Bitcoin price, although it has partially recovered, still has not managed to surpass the key threshold of 90,000 dollars. However, il Capo stated in his announcement that he does not like the price action on BTC's short-term chart and that he is expecting a clear breakout above 89,000 dollars for a bull confirmation.

The analyst stated that he believes the trend in the short-term chart for altcoins is still in favor of the bulls. However, he added that more bullish confirmation is needed on the altcoin side.

The analyst discussing specific altcoins stated that Near Protocol (NEAR) has shown a good response from a major support point in its long-term chart, and that his target is $4.5. At the time of writing this article, NEAR is trading at $2.98.

On the other hand, an analyst talking about Hyperliquid (HYPE), one of today's trending altcoins, believes that this altcoin is leaning towards a bearish outlook. According to the analyst, the HYPE price could initially make a jump around 18 dollars and then decline to as low as 10 dollars. At the time this article was written, the HYPE price is trading at 14.26 dollars.