An analyst known for having been crowned as a “master trader” on the bybit in the exchange of crypto believes that a huge upward movement is in sight for a Solana rival (soil).
The pseudonym analyst Bluntz said to his 321,600 subscribers on the social media platform X that the native active in the layer 1 Su (SUI) is in the middle of a new five waves after having completed an ABC correction.
The merchant uses the theory of Elliott waves in his technical analysis. The theory indicates that an umbrella asset tends to attend an increase of five waves after finishing an ABC decline.
Said Bluntz,
“Many alts are starting to look crazy here, sui, certainly one of them.”
Based on the trader’s table, it seems to predict that SUP will reach $ 5.50, an increase of 98% compared to its current value of $ 2.77.
Another Altcoin on the trader radar is the decentralized oracle pyth network based on Solana (Pyth). According to Bluntz, Pyth flashes a bullish divergence on the weekly graphic, indicating that a massive optimistic inversion is at stake.
“Loving Pyth here, Solana’s ecosystem is so completely rewritten that it could easily 2x in the blink of an eye.
The divergence of calendar bulls high everywhere on this subject can see. »»
At the time of writing, Pyth is worth $ 0.105.
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