Former Goldman Sachs director Raoul Pal believes that a competitor of Solana (SOL) seems to be in a position for a huge outbreak.
Friend tells Are 1.1 million followers on the social media platform X that flashed the sequential indicator of Tom Demark (TD) Bullish for the Layer-1 platform SUI (SUI).
Traders use the TD sequential indicator to predict potential trend covers for tokens based on the final prices of their previous nine or 13 bars or candles.
He also suggests that Sui is about to break out of a downward channel, a bearish patron that indicates that it is actively lower highlights and lower lows.
“Sui: beating, beating, knocking on the door of heaven.”
Other analysts also suggest that SUI makes himself possible for an explosive movement.
Pseudonymous trader Cheds out If sui can break his immediate resistance, it can start with printing important meetings.
“$ 2.50 overhead is a long trigger.”
Meanwhile, Crypto trader Michaël van de Poppe tells Are 783,900 followers on the social media platform X that SUI adoption receives as a decentralized financial (Defi) network, including Bitcoin (BTC) deployment and loans, referred to as Bitcoin Defi (BTCFI). He also suggests that SUI bounces an important level of support at the three -day graph.
“As soon as the markets are back in an uptrend, the money will flow back into those who have shown strength. Sui is one of them. It is a great place to investigate Sui:
- BTCFI grows rapidly as 10% of TVL (total value locked) goes by SUI.
- Defi on Sui is in the top six of all chains.
- Almost $ 6 billion in trade volume on Defi in the past month.
I think it can really do well in the upcoming cycle. “
Finally, the financial giant Vaneck predict Sui will rise more than 358% of his current value.
“We believe that the crypto bullmarkt will continue to exist until 2025 and will reach its first peak in the first quarter. At the top of the cycle project we project Bitcoin to be appreciated at around $ 180,000, with Ethereum (ETH) that above $ 6,000 trade. Other prominent projects, such as Solana and Sui, respectively, respectively” ”
Sui acts for $ 2.18 at the time of writing, an increase of 4% in the last 24 hours.
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Generated image: midjourney