Bullish moves in the cryptocurrency market do not last long. With some exceptions, tokens give back their gains for a short time. Therefore, investors and traders are acting more cautiously. An analyst with a large following predicts peak levels for two altcoin projects. The analyst also predicts that one token will continue to rise.
Michaël van de Poppe expects new highs from SUI!
As you have been following on Kriptokoin.com, the market continues to fluctuate back and forth. However, some altcoin projects manage to attract attention with their performance. Popular crypto analyst Michaël van de Poppe shared his latest predictions to his 728,300 followers on X. The analyst says that the layer-1 blockchain Sui Network (SUI) could offer opportunities for bulls in the range of $1.30 to $1.60. Van de Poppe notes that SUI will eventually reach ATH levels after a correction. In this context, the analyst makes the following statement:
SUI: Where to buy? Technically, there are better (expected value) opportunities, but SUI is probably one of the coins that reaches the top 10 at the end of the cycle. The aggressive entry point is $1.50-1.60. Conservative entry point is $1.30-1.40. Targets. All-time highs.
Meanwhile, SUI was trading at $2.03 at the time of writing, up 3.7% on the day. The altcoin is up 6.6% on the weekly chart. SUI’s ATH level is $2.18, which it hit about 6 months ago.
“Super strong yield, super strong altcoin!”
Van de Poppe then moves on to the decentralized machine learning network Bittensor (TAO). The analyst predicts TAO will also hit new highs. In this context, he says that the $ 500 level represents support and the $ 620 level represents the important breakout area. The analyst shares the following assessment for the altcoin:
The next company to break all-time highs will likely be TAO. Super strong return, super strong asset. We expect to see a test of the $500 level for support, after which we will run towards a new all-time high. An important breakout: $620.
Meanwhile, TAO was changing hands at $632 at the time of writing, up 1% on a daily basis. Therefore, it is above the analyst’s breakout area of $620.
According to the analyst, W finally has a really good outlook!
Michaël van de Poppe also discusses the interoperability platform Wormhole (W). The analyst says that W is finally looking good and should continue to climb if it stays above the $0.25 mark. In this regard, the analyst gives the following explanation for the altcoin:
W is finally looking really good. It has taken liquidity and is now looking for a higher bottom. If it stays above $0.25, we expect to see some continuation from here. The most suitable entries for long-term transactions are between $ 0.25 and $ 0.275.
Meanwhile, W was trading at $0.31 at the time of writing, down 5% on a daily basis. However, the altcoin advanced 2.3% on its weekly chart.
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