Trader Hints at Parabolic Rally to All-Time High for Solana Rival, Updates Outlook on PEPE and WIF
A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana ( SOL ) challenger.
Pseudonymous analyst The Crypto Dog tells his 829,200 followers on the social media platform X that layer-1 chain Sui ( SUI ) may be poised to witness huge bursts to the upside after printing a new all-time high (ATH).
With blue skies ahead for SUI, the trader thinks it is within the realm of possibility for the altcoin to go vertical.
“We gonna see a proper parabolic ATH break run?”
Source: The Crypto Dog/XAt time of writing, SUI is worth $2.32 slightly below its new all-time high recorded just hours ago.
Turning to the memecoin Pepe ( PEPE ), the trader thinks it is gearing up to take out its diagonal resistance and spark a new leg up.
“PEPE wants to start something.”
Source: The Crypto Dog/XAt time of writing, PEPE is trading at $0.00000962, still below the analyst’s diagonal resistance.
Looking at fellow memecoin dogwifhat ( WIF ), the trader thinks the altcoin needs to overcome one downward resistance line to ignite rallies to fresh all-time highs.
“ATH run?”
At time of writing, WIF is trading for $2.63, hovering close to the trader’s diagonal resistance.
As for Bitcoin, the trader says BTC is very close to witnessing a proper bull market.
“We break $63,500 it’s gonna be no items long only final destination.”
At time of writing, Bitcoin is worth $62,682.
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: DALLE3
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.
You may also like
ACT breaks through $0.78, with a 24-hour increase of 38.0%
US spot Bitcoin ETFs saw a net inflow of $320 million yesterday
US spot Ethereum ETF had a net inflow of $332.9 million yesterday