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Trader Says Solana Rival Primed To Hit New All-Time High in Coming Months, Outlines Path Forward for Bitcoin

by admin
April 25, 2025
in Altcoins
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Trader Says Solana Rival Primed To Hit New All-Time High in Coming Months, Outlines Path Forward for Bitcoin
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Cryptocurrency analyst and dealer Michaël van de Poppe is leaning bullish on the native token of a Solana (SOL) competitor whereas updating his outlook on Bitcoin (BTC).

Van de Poppe tells his 784,200 followers on the social media platform X that the native token of the sensible contract platform Sui (SUI) now seems bullish after breaking out of a “essential resistance zone.”

In response to the extensively adopted analyst and dealer, Sui might go up by at the least 74% over the approaching months.

“SUI is probably going working in direction of a brand new all-time excessive within the coming quarter.”

Sui is buying and selling at $3.08 at time of writing, down by round 43% from the all-time excessive of $5.35 reached in early January.

Based mostly on Van de Poppe’s chart of Sui on the 12-hour time-frame, the extensively adopted analyst seems to counsel that the Solana rival might, over the quick time period, go as much as round $3.20, pull again to underneath $3.00, earlier than resuming the uptrend.

Supply: Michaël van de Poppe/X

Turning to Bitcoin, the extensively adopted analyst says that over the quick time period, the crypto king is prone to bear a correction after a rally of roughly 27% from the 2025 lows reached earlier this month.

In response to Van de Poppe, Bitcoin faces a “essential resistance” stage at across the $96,000 value stage and a pullback would supply an accumulation alternative following the latest “huge breakout.”

“Consumers are seemingly going to step in after which we will likely be persevering with our path in direction of a brand new all-time excessive.”

Supply: Michaël van de Poppe/X

Bitcoin is buying and selling at $92,853 at time of writing.

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Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet online affiliate marketing.

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