A generally followed crypto analyst says that an Ethereum (ETH) -based Altcoin looks ready to be up in the coming months and to update his prospects on Bitcoin (BTC) and SUI (SUI).
In a new strategy session, Crypto trader Michaël van de Poppe tells His 789,600 followers on the social media platform X that it seems as if the Layer-2 Scaling Solution Arbitrum (ARB) is being reached to rise for the next 1-2 months.
“The bullish divergence on ARB has to be valid because the higher lows and higher highlights are starting to make. One to look at, and because we have this higher bullish-divergence, it is a good indicator that it will do well in the next 1-2 months.”
ARB acts for $ 0.411 at the time of writing, an increase of 1.8% in the day.
Continue to the crypto king, the analyst out That he eventually believes that BTC will slowly sharpen up to a new of all time (ATH). However, he notes that if it losing support at $ 107,000, this could see a sharp correction.
“Level at the level, Bitcoin keeps sharpening. I think we will continue to grind to new Aths, but if this green block (support) is lost, you will see fast wicks.
Quite standard, corrections will be fleeting and with deep wonts, because people tend to quickly jump back into the assets. When can we expect one? If the level is lost at $ 107,000. “
BTC acts for $ 107,249 at the time of writing, a marginal decrease in the day.
Close his analysis with Layer-1 Blockchain and Smart Contract Platform Sui Network, De Trader out It recovers nicely after the FUD (fear, uncertainty and doubt) around it after it was hacked on the melody of hundreds of millions of dollars earlier this month.
“Sui comes back strongly after some FUD around the CETUS exploit. The TVL (total value locked) has already been reflected with $ 300 million and is back to $ 1.8 billion TVL. I think SII remains a strong horse in the acceptance race and the stabilization of the price proves this.
Moreover, it performs better than Solana and I think this will remain the case in the next 12-24 months. Just normal consolidation. “
Sui acts for $ 3.58 at the time of writing, a marginal increase on the day.
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Generated image: midjourney