Anonymous analyst Bluntz, who has attracted attention with his altcoin predictions in the crypto world and has quickly gained a following, thinks that the layer-1 protocol Sui (SUI) has the potential to reach all-time highs in the near future.
Bluntz noted that the massive rally in the SUI over the past week indicates that the asset, which is being called a rival to Solana (SOL), is heading towards record highs.
Could Solana Be the Next?$SUI
“The weekly chart of SUI is quite impressive, at this rate it could reach an all-time high before BTC,” Bluntz said, emphasizing that SUI has significant potential in the future. He said that last week, SUI drew higher highs and lows on the daily chart, which technically indicates an uptrend. According to the analyst, SUI may surprise many in the coming weeks and months. Currently, SUI is trading at $ 1.54.
Bluntz also weighed in on two other cat-themed memecoins on his radar: Popcat (POPCAT) and Simon’s Cat (CAT). The analyst suggests that both memecoins are preparing for new rallies after completing their ABC corrective wave. Based on the Elliott Wave theory, Bluntz stated that this theory predicts bullish rallies after an ABC correction in an asset.
“I think the Cats are getting ready for their next rally. POPCAT and CAT completed a strong ABC correction over the weekend and are now ready to move higher,” Bluntz said. According to the analyst’s chart, POPCAT is close to breaking the $1 level. Currently, POPCAT is trading at $0.926. For CAT, Bluntz predicts the memecoin will break the $0.00005 level.
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