Analyst L E O expressed a bullish sentiment, suggesting that $SUI has the capability to reach the market cap of Solana ($SOL). He pointed out that $SUI has just broken through its all-time high (ATH), has successfully retested support, and is now poised for another significant upward movement.
L E O emphasized the positive technical indicators by stating, “Show me another coin in the top 20 that just broke out its ATH, bullishly retested support, and is now setting up for another big leg up, just like $SUI did! This chart is looking amazing.”
Read Also: Can PEPE, Dogwifhat (WIF), and POPCAT Prices Surge by 100x? Expert’s Take
Potential Huge 10x Pump
Adding to this bullish outlook, Kong Trading also shared insights on the SUI. He noted that the recent price action has confirmed the transition of a high resistance level into a newly established support level. Kong expressed optimism, suggesting a potential for a “HUGE 10x pump” once the market stabilizes.
He believes that the $SUI memes could serve as the next significant impulse in the market.
The technical analysis of the FUD/SUI trading pair supports these bullish sentiments. The chart illustrates a breakout from a previous high-resistance level, which has now become a support zone. Following this breakout, there was a pullback that confirmed the new support, aligning with Kong Trading’s observations about the resistance flip.
Read Also: Here’s When the Bitcoin (BTC) ‘Mega Bull Season’ Will Start
The price action has entered a consolidation phase, forming what appears to be a bullish pennant or flag pattern—often seen as a precursor to further upward movement. The upward projection in the chart indicates a bullish bias, suggesting that if the support level holds, a significant move could follow.
This consolidation phase is interpreted as preparation for a stronger impulse move, echoing the bullish expectations shared by both analysts.
Celebrate Dogecoin and Make Big Gains with Doge2014!
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Show less –
Kong Trading’s prediction of a “HUGE 10x pump” reflects a strong belief in the potential for substantial growth. A breakout from the current consolidation pattern, particularly with high trading volume, could validate this optimistic forecast.
The symmetrical nature of the consolidation suggests that a sharp price movement may be imminent, adding to the anticipation surrounding $SUI’s future performance in the cryptocurrency market.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Analyst Explains Why Sui Could Reach Solana (SOL) Market Cap: Predicts “Huge 10x Pump” appeared first on CaptainAltcoin.
