A well-known crypto strategist and trader is optimistic about the potential for significant surges in the value of a competitor to Solana (SOL).
The anonymous analyst, The Crypto Dog, shared with his 829,200 followers on the social media platform X that Sui (SUI), a layer-1 chain, could be on the verge of experiencing substantial upward momentum after reaching a new all-time high (ATH).
With a positive outlook for SUI, the trader believes that it is feasible for the altcoin to make a vertical move.
“Are we going to witness a significant parabolic ATH breakthrough?”
At the time of writing, SUI is valued at $2.32, just slightly below its recent all-time high.
Regarding the memecoin Pepe (PEPE), the trader anticipates that it is preparing to surpass its diagonal resistance and initiate a new upward trend.
“PEPE seems ready to kick something off.”
At the time of writing, PEPE is trading at $0.00000962, still below the trader’s diagonal resistance.
When it comes to the fellow memecoin dogwifhat (WIF), the trader suggests that the altcoin needs to overcome a downward resistance line in order to trigger rallies towards new all-time highs.
“Ready for an ATH run?”
At the time of writing, WIF is trading at $2.63, in close proximity to the trader’s diagonal resistance.
As for Bitcoin, the trader indicates that BTC is on the verge of entering a full-fledged bull market.
“If we break $63,500, it’s going to be nothing but long positions to our final destination.”
At the time of writing, Bitcoin is valued at $62,682.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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