An analyst who is known as crowned as a ‘master dealer’ on the Crypto Exchange Bybit, believes that a huge upward movement is in sight for one rival Solana (SOL).
Pseudonymous Analyst Bluntz tells Are 321,600 followers on the social media platform X that the Native Activa of the Layer-1 protocol SUI (SUI) is located in the middle of a new five-golf rally after completing an ABC correction.
The trader uses the Elliott golf theory in his technical analysis. The theory states that a bullish is actively tending to see an increase of five golf after completing an ABC reduction.
Says Bluntz,
“Many alts are starting to be crazy here, Sui is definitely one of them.”
Based on the graph of the trader, he seems to predict that SUI will reach $ 5.50, an increase of 98% compared to the current value of $ 2.77.
Another Altcoin on the trader’s radar is the Solana-based decentralized Oracle Pyth Network (Pyth). According to Bluntz, Pyth is blinking A bullish divergence on the weekly graph, indicating that a huge bullish reversal is in the game.
“Like Solana Ecosystem is so completely stretching that it can easily be done twice in an instant.
Taurus with high time neighborhood divergiveness everywhere as far as the eye can see. ‘
At the time of writing, Pyth $ 0.105 is worth.
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Generated image: midjourney