Crypto strategists who are known to make timely calls on altcoins believe that layer-1 protocol Sui is gearing itself up for breakout rallies.
Pseudonymous Bluntz informs his 274,600 social media followers that SUI has ignited a bullish trend following a print of a higher-low setup during the end of an ABC correctional wave.
Bluntz uses the Elliott Wave Theory, according to which a bullish investment tends towards a five wave surge following a ABC correction pattern.
Analyst shares chart that suggests SUI could rise as high as 1.80 dollars in the coming weeks.
“I think it’s going to surprise some people over the coming weeks and months.”
SUI, at the time this article was written, is currently worth $1.17. This represents an increase of over 13% within 24 hours.
The crypto-strategist believes the cat memecoin Simon’s Cat is preparing for another breakthrough after it has broken through its resistance of $0.00003.
The CAT stock is a monster, with a constant grind-up even when the markets are in descending trend. It has now reached previous highs and consolidating.
“I think that this will resolve violently higher.”
Simon’s Cat, a brand new memecoin was introduced last month by Binance Smart Chain. The British web series and books Simon’s Cat are the inspiration for this memecoin.
The trader seems to be suggesting that CAT must break through its resistance of $0.000036 in order to see new rallies.
CAT currently trades at $0.0000354 and is up 13% in the last day.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post This Post Top Crypto Analyst Predicts Solana Killer Sui Rallies, Says That One Memecoin Is Primed to Move Violently Higher may be updated as new information becomes available.
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