The cryptocurrency market is showing signs of recovery after its recent sharp decline. As Bitcoin rises to $58,000, increases are also observed in altcoins. This makes investors think about the future performance of altcoins. In this article, we will examine the latest developments in the altcoin market and the opinions of experts.

Il Capo shared his altcoin expectations
After the sharp decline in Bitcoin and altcoins on Friday, the recovery process has begun. As Bitcoin rose above $58,000, altcoin projects continued their rise. Il Capo of Crypto, one of the leading names of the bear market, shared his expectations for the altcoin market. Il Capo, which has been expecting a strong rise in altcoins for a long time and has been subject to criticism, has not yet been successful in this prediction. However, despite the decline, the analyst did not change his forecast. By examining the altcoin TOTAL chart, il Capo predicts that altcoins can make a strong jump from the current region. Here are il Capo's comments:

According to the altcoin TOTAL chart, altcoins failed to hold on to the green support zone and have now reached the next support zone, the blue zone. I still think this decline is a correction. We saw similar and even more significant declines in the summer of 2021, and the market recovered from these declines and reached new highs. I expect altcoins to make a strong jump from the blue zone and reach the previously broken green support zone. This will be an upward sign for me.

The analyst maintains his position
The analyst also said, “As I mentioned on Twitter, I am still holding my altcoin positions but not making new purchases until we see a short-term bull market.” said. il Capo stated that he also expects an increase for the largest altcoins Ethereum (ETH) and Solana (SOL). So, in the light of this information, what is expected in the future for altcoins? Experts state that the altcoin market is still uncertain and it is difficult to make short-term predictions. However, they continue to believe that altcoins will continue their upward trend in the long run.

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