A widely followed crypto analyst says that the layer 1 sui (Sui) blockchain is preparing for a massive break in new peaks of all time.
In a new thread, Pseudonymous Crypto Trader Kaleo said to its 703,900 subscribers on the social media platform X suddenly present a major buying opportunity.
He says that the recent hacking of $ 223 million in the Cetus protocol, a decentralized exchange (DEX) operating on the SUA network, caused the drop in the value of Su, but finally gave the bulls a chance to position itself for slight lightness.
“Remember the last cycle how many times Sol has been declared dead because he broke down?” Whenever the Fud (fear, uncertainty and doubt) was bought, and he returned stronger. I think that the recent feat of Cetus gave an incredible opportunity for a plunge to stack more sui.
Cetus is officially back with a recovery plan for affected pools. There is also a plan in place for the compensation of tokens for affected users. If anything, Cetus’s problem makes me more optimistic showing how SUP governance was quick to act together to prevent the exploit of the protocol from being worse and allow the hacker to get away with the funds.
Do not hesitate to cope with the touch, but I am as optimistic as I have not been since I have associated myself with SUA on them having the opportunity to fill the gap in the monolithic race L1 (layer 1). Run it turbo.
Based on his graphic, the merchant seems to suggest that Such prints a new summit of all time at around $ 7.50, more than double of its current value, perhaps in September this year.
The analyst also indicates that SUP could prepare for the escape of a bitcoin (BTC) descending corner model.
“The SUI / BTC report also seems solid with a new clean rupture test. I see that it bursts and soon fulfills the launch wick.”
At the time of writing, SU is negotiated at $ 3.45.
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