Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga

Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga

Daily HodlDaily Hodl2024/09/19 16:00
By:by Mark Emem

A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana ( SOL ) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga ( SAGA ).

The analyst pseudonymously known as Bluntz tells his 275,300 followers on the social media platform X that Solana rival Sui ( SUI ) is set to rip after breaking out from the upper boundary of an ascending channel on the four-hour chart.

Bluntz also says that the breakout is coinciding with a surge in trading volume.

“SUI is seriously gonna continue to rip so hard from here, it’s legit free money in my opinion.

These slow grinding-up channel breakouts on volume almost always signal a strong impulse is underway.

The leaders continue to lead.”

Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga image 0 Source: Bluntz/X

Based on his chart, it appears that Bluntz is suggesting that SUI could surge to over $2.40, a gain of around 75% from the current level.

Sui is trading at $1.37 at time of writing, up by 58% from a low of $0.867 reached about a week ago.

Next up is Bitcoin ( BTC ). According to the pseudonymous analyst, Bitcoin could reach its cycle peak in late 2024 or early 2025.

Bluntz suggests that Bitcoin is forming a five-wave pattern that will culminate in a sudden surge to around $100,000.

According to Elliott Wave theory, the main price trend of an asset moves in waves of five while a correction occurs in three.

“Don’t fade this next BTC all-time high rip, this will be the last macro leg higher, you got about 3-4 more months to make as much money as possible.”

Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga image 1 Source: Bluntz/X

Bitcoin is trading at $62,706 at time of writing.

Next up is the native token of the layer-one blockchain Saga ( SAGA ). Bluntz says SAGA is currently in a “badass” bullish setup and its upside thesis is bolstered by the fact that the project is at a relatively low market cap while backed by venture capital.

Based on Bluntz’s chart, it appears that Saga is forming an inverted head and shoulders on the daily chart, a bullish pattern that suggests price failed to make a lower low due to sellers being exhausted.

 

Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga image 2 Source: Bluintz/X

Saga is trading at $2.35 at time of writing.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump and Wall Street: How long will the love affair last?

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan2024/11/24 03:44