Trader Suggests Solana Competitor Could See Parabolic Rally to Reach AllTime High Provides Updates on PEPE and WIF Outlook
A prominent crypto strategist and trader predicts that an up-and-coming competitor to Solana (SOL) could experience significant price surges. The Crypto Dog, an anonymous analyst with a large following on X social media platform, suggests that Sui (SUI), a layer-1 chain, has the potential to reach new all-time highs. The analyst believes that the altcoin may even skyrocket in value, describing it as a “proper parabolic ATH break run.” At the time of writing, SUI is valued at $2.32, just slightly below its recent all-time high.
The trader also turns his attention to the memecoin Pepe (PEPE), anticipating that it will overcome its diagonal resistance and begin a new upward trend. The Crypto Dog states that “PEPE wants to start something.” Currently, PEPE is trading at $0.00000962, still below the trader’s diagonal resistance level.
In addition, the trader analyzes the memecoin dogwifhat (WIF) and suggests that it needs to surpass a downward resistance line in order to initiate rallies towards new all-time highs. The trader simply asks, “ATH run?” At present, WIF is trading at $2.63, in close proximity to the trader’s diagonal resistance level.
Regarding Bitcoin, the trader expresses confidence that the cryptocurrency is on the verge of a significant bull market. The trader believes that if Bitcoin surpasses the $63,500 mark, it will continue to rise with no obstacles ahead. At the time of writing, Bitcoin is valued at $62,682.
It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research and exercise caution when making high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this article was sourced from, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor.