A crypto strategist recognized for making well timed altcoin calls believes layer-1 protocol Sui (SUI) is gearing as much as spark breakout rallies.
Pseudonymous analyst Bluntz tells his 274,600 followers on the social media platform X that SUI seems to have ignited a brand new bullish development after printing the next low setup amid the conclusion of an ABC corrective wave.
Bluntz depends on the Elliott Wave concept, which states {that a} bullish asset tends to witness a five-wave surge after finishing an ABC corrective sample.
The analyst shares a chart suggesting that SUI can rise to as excessive as $1.80 within the subsequent few weeks.
“SUI again in a technical excessive timeframe uptrend once more, larger lows and better highs + key degree taken out already.
It’s gonna shock a couple of folks within the subsequent weeks to months, in my view.”
At time of writing, SUI is price $1.17, up over 13% within the final 24 hours.
Trying on the feline-themed memecoin Simon’s Cat (CAT), the crypto strategist believes that the altcoin is gearing up for an additional breakout after taking out its resistance at $0.00003.
“CAT is buying and selling like a beast right here, fixed grind up even whereas markets have been downtrending and now consolidating at prior highs.
I believe this resolves violently larger.”
Simon’s Cat is a brand new memecoin that was launched final month on the Binance Good Chain. It’s based mostly on the British animated net and guide sequence Simon’s Cat.
Trying on the dealer’s chart, he appears to recommend that CAT must take out its resistance at $0.000036 earlier than witnessing contemporary rallies.
At time of writing, CAT is buying and selling for $0.0000354, up over 13% on the day.
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