A crypto strategist identified 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, greater lows and better highs + key degree taken out already.
It’s gonna shock a number of folks within the subsequent weeks to months, in my view.”
At time of writing, SUI is value $1.17, up over 13% within the final 24 hours.
Wanting 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 had been downtrending and now consolidating at prior highs.
I feel this resolves violently greater.”
Simon’s Cat is a brand new memecoin that was launched final month on the Binance Sensible Chain. It’s primarily based on the British animated net and e-book collection Simon’s Cat.
Wanting on the dealer’s chart, he appears to recommend that CAT must take out its resistance at $0.000036 earlier than witnessing recent rallies.
At time of writing, CAT is buying and selling for $0.0000354, up over 13% on the day.
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