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A widely followed crypto trader is predicting that two altcoins will rally to fresh all-time highs while updating his outlook on Bitcoin (BTC) and cross-chain protocol Wormhole (W).
In a new strategy session, crypto analyst Michaël van de Poppe tells his 728,300 followers on the social media platform X that layer-1 blockchain Sui Network (SUI) may present opportunities for bulls between the $1.30 and $1.60 range.
The trader says that SUI is ultimately destined for new all-time highs after a correction.
“SUI – Where to buy? Technically, there are better (expected value) opportunities, but SUI is likely one of the coins achieving the top 10 at the end of the cycle. The aggressive entry point is $1.50-$1.60. The conservative entry point is $1.30-$1.40. Targets? New all-time highs.”
SUI is trading for $1.92 at time of writing.
Moving on to the decentralized machine learning network Bittensor (TAO), Van de Poppe says that it too will shoot up to new highs, with the $500 level serving as its support and the $620 level representing its crucial area of breakout.
“The next one to break all-time highs is probably TAO. Super strong return, super strong asset. Expecting to see a test at $500 hold for support after which we’ll be running towards a new all-time high. Crucial breakout: $620.”
TAO is worth $650 at time of writing.
Moving on to the interoperability platform Wormhole, the trader says that it’s “finally” looking good and that it should continue climbing if it holds above the $0.25 mark.
“W is looking really good, finally. Took the liquidity and is currently in search for a higher low. Expecting to see some continuation from here if it holds above $0.25. Optimal entries for longs is between $0.25-$0.275.”
W is trading for $0.351 at time of writing.
As for Bitcoin, Van de Poppe says that BTC is gearing up for a rally that will last through December.
“The markets continue to show some upwards momentum, as especially the restaking coins are waking up. Bitcoin back above $62,000, preparing itself for the upwards run in October-December.”
At time of writing, BTC is worth $63,814.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/DanieleGay/Sashkin
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