Famous cryptocurrency analyst Bluntz suggested that a new bullish period is on the horizon for Layer-1 protocols Sui (SUI) and Simon’s Cat (CAT).
Bluntz emphasized that the SUI has been on the rise after the ABC correction wave, making higher lows. “The SUI has entered a technical uptrend again on the higher time frame, making higher lows and highs, breaking significant levels. I think it will surprise many in the coming weeks and months,” he said.
The analyst also noted that a new rise could begin for cat-themed memecoin Simon’s Cat (CAT) after the resistance at $0.00003 is broken. “CAT is trading like a beast, consistently rising and consolidating at previous highs even when markets are down. I think it will go much higher,” he said.
Simon’s Cat is a new memecoin based on the British animated series Simon’s Cat that launched on BNB Chain last month. Bluntz stated that CAT needs to break the resistance at $0.000036 to see new rallies.
These predictions have increased investors’ interest in altcoins like SUI and CAT. However, considering the high volatility of the cryptocurrency market, it is important for investors to do their own research and assess the risks.
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I EXPLAIN IN DETAILED.
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