Trader Suggests Solana Competitor Could Experience Parabolic Rally to Reach AllTime High Provides Updates on PEPE and WIF Outlook
Renowned crypto strategist and trader is predicting substantial surges for a potential Solana (
SOL
) competitor.
The Crypto Dog, an anonymous analyst, shared with his 829,200 followers on social media platform X that the layer-1 chain Sui (
SUI
) could be on the verge of experiencing significant upward movements after hitting a new all-time high (ATH).
With a clear path ahead for SUI, the trader believes that it is entirely possible for the altcoin to skyrocket.
“Are we going to witness a proper parabolic ATH break run?”
Source:
The Crypto Dog/X
At the time of writing, SUI is valued at $2.32, just slightly below its recent all-time high.
Turning to the memecoin Pepe (
PEPE
), the trader anticipates that it is preparing to surpass its diagonal resistance and initiate a new upward trend.
“PEPE is looking to start something.”
Source:
The Crypto Dog/X
At the time of writing, PEPE is trading at $0.00000962, still under the trader’s diagonal resistance.
When considering the fellow memecoin dogwifhat (
WIF
), the trader believes that the altcoin needs to overcome a downward resistance line in order to spark rallies towards new all-time highs.
“ATH run?”
Source:
The Crypto Dog/X
At the time of writing, WIF is priced at $2.63, hovering near the trader’s diagonal resistance.
In terms of Bitcoin, the trader suggests that
BTC
is very close to entering a full-fledged bull market.
“If we break $63,500, it’s going to be long only, no turning back.”
At the time of writing, Bitcoin is valued at $62,682.
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