Crypto Analysts Predict 50% Reversal After 100% Altcoin Surge

A widely followed crypto analyst has indicated that the market is poised for a strong reversal following a recent bullish surge. The pseudonymous trader, known as Crypto Capo, shared his insights with his 132,000 followers on the instant messaging app Telegram, suggesting that taking profits may be the optimal strategy as altcoins appear ready to crash after a sharp increase.

According to Capo, the market has seen a very strong bullish move, with Bitcoin reaching $98,000 and Ethereum hitting $2,300. Solana, another prominent altcoin, has also reached its main resistance zone of $170-$200. Capo noted that altcoins have pumped between 30% and 100%, and he has already taken 50% of his profits, expecting a strong reversal.

Capo's analysis suggests that Ethereum has reached its resistance zone of $2,000-$2,300 and is expected to form a local top before making a significant bearish move. At the time of writing, Ethereum was trading at $2,290, marking an 11.5% increase over the last 24 hours. Capo's chart indicates that Ethereum could dip below $1,200 sometime near June.

Moving on to Solana, Capo believes that the smart contract platform could continue its upward momentum, outperforming Bitcoin. Solana is currently trading at $170.68, reflecting a 7% increase over the last day. Capo's analysis suggests that Solana is ready to reach its main target of $170-$200, with the Solana ecosystem expected to keep rising.

Another prominent trader has also expressed optimism about the cryptocurrency market, predicting a strong reversal following a recent bullish move. The trader noted that the $1,500 support level for Ethereum has held, and the price has now reached the resistance zone of $2,000-$2,300. This development suggests the formation of a local top, which could be followed by a significant bearish move. Ethereum's price surged over 10% on a recent Wednesday, pushing it past the $2,000 mark for the first time since March. This surge has led some analysts to suggest a potential bullish trend reversal for the second-largest cryptocurrency, despite a 34.3% decline over the past year.

Solana, another top-ranking altcoin, has also gained momentum following the Federal Open Market Committee (FOMC) meeting, which decided to keep federal rates steady. Solana's price has surpassed the $150 milestone, with traders going long and prices eyeing the $164-$200 range. The altcoin has bounced off the 23.60% Fibonacci level at $141.95 and maintained strength above the recently flipped resistance-turned-support zone. This recovery rally has reclaimed the $150 level, and the sideways movement over the past two weeks above $142 suggests a potential double-bottom reversal. Technical indicators, such as the daily RSI line and the Chaikin Money Flow Index, support the upside potential for Solana. The 38.20% Fibonacci level projects immediate resistance at $164.77, with the upswing likely continuing toward the pattern’s apex near the $200 psychological mark. However, a potential breakdown below the 23.60% Fibonacci level could drive the price down toward the $100 psychological support.

Binance traders remain highly optimistic about Solana, with a long-to-short account ratio of 1.69, indicating strong bullish sentiment. Long positions have increased to 62.78%, dominating market sentiment. Additionally, Solana’s open interest has surged by 4%, reaching $5.65 billion. The funding rate stands at 0.0053%, further underscoring the potential for a leverage-driven rally in Solana. DeFi Development Corp., a leading public-market vehicle for Solana accumulation, has approved a 7-for-1 forward stock split of its common shares, effective May 20, 2025. The company aims to enhance liquidity and broaden investor access as it continues executing its SOL-focused treasury strategy.

Pepe, a meme coin, has become the choice among traders, leading 24-hour gains in the top 100 with a 45% surge dubbed a “god candle.” This surge adds weight to a bullish trend in the cryptocurrency market. Analysts have also identified a bullish reversal pattern on the Bitcoin chart, suggesting a potential comeback for XRP and a strong upward trend for the cryptocurrency. The crypto market has hit $3 trillion, with Bitcoin nearing $100,000 and Ethereum rising. Three Ethereum rivals are positioned to help investors turn $10,000 into $100,000 in May 2025. Rexas Finance (RXS), a powerhouse project currently valued under $0.25, is emerging as a new titan in the cryptocurrency market. After months of sideways movement, Bitcoin has surged past the $70,000 mark, potentially signaling the beginning of a new bullish wave. Altcoins like Ethereum and Solana have also benefited from this bullish turnaround.