bullish

Solana

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<p>Analyst L E O expressed a bullish sentiment, suggesting that $SUI has the capability to reach the <a href="https://coinmarketcap.com/currencies/solana/" target="_blank">market cap of Solana ($SOL)</a>. He pointed out that $SUI has just broken through its all-time high (ATH), has successfully retested support, and is now poised for another significant upward movement. </p> 
<p><a href="https://x.com/CryptoLeo00/status/1846929165783642466?t=EIonpglJcpkIkxRTWIObwg&amp;s=19" target="_blank" rel="nofollow">L E O emphasized</a> the positive technical indicators by stating, “<em>Show me another coin in the top 20 that just broke out its ATH, bullishly retested support, and is now setting up for another big leg up, just like $SUI did! This chart is looking amazing.”</em></p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/can-pepe-dogwifhat-wif-and-popcat-prices-surge-by-100x-experts-take/" target="_blank">Can PEPE, Dogwifhat (WIF), and POPCAT Prices Surge by 100x? Expert’s Take</a></em></strong></p> 
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<h2 class="wp-block-heading" id="potential-huge-10x-pump">Potential Huge 10x Pump</h2> 
<p>Adding to this bullish outlook, <a href="https://x.com/KongBTC/status/1847190785621389718?t=hSyPxN631ok6-Z-3m5JgPQ&amp;s=19" target="_blank" rel="nofollow">Kong Trading</a> also shared insights on the SUI. He noted that the recent price action has confirmed the transition of a high resistance level into a newly established support level. Kong expressed optimism, suggesting a potential for a “HUGE 10x pump” once the market stabilizes. </p> 
<p>He believes that the $SUI <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memes" data-wpil-keyword-link="linked" target="_blank">memes</a> could serve as the next significant impulse in the market.</p> 
<p>The<a href="https://altfins.com/technical-analysis" target="_blank" rel="nofollow"> technical analysis</a> of the FUD/SUI trading pair supports these bullish sentiments. The chart illustrates a breakout from a previous high-resistance level, which has now become a support zone. Following this breakout, there was a pullback that confirmed the new support, aligning with Kong Trading’s observations about the resistance flip.</p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-when-the-bitcoin-btc-mega-bull-season-will-start/" target="_blank">Here’s When the Bitcoin (BTC) ‘Mega Bull Season’ Will Start</a></em></strong></p> 
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<p>The price action has entered a consolidation phase, forming what appears to be a bullish pennant or flag pattern—often seen as a precursor to further upward movement. The upward projection in the chart indicates a bullish bias, suggesting that if the support level holds, a significant move could follow. </p> 
<p>This consolidation phase is interpreted as preparation for a stronger impulse move, echoing the bullish expectations shared by both analysts.</p>  
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<p>Kong Trading’s prediction of a “HUGE 10x pump” reflects a strong belief in the potential for substantial growth. A breakout from the current consolidation pattern, particularly with high trading volume, could validate this optimistic forecast. </p> 
<p>The symmetrical nature of the consolidation suggests that a sharp price movement may be imminent, adding to the anticipation surrounding $SUI’s future performance in the cryptocurrency market.</p> 
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<p>The post <a href="https://captainaltcoin.com/analyst-explains-why-sui-could-reach-solanas-sol-market-cap-predicts-huge-10x-pump/">Analyst Explains Why Sui Could Reach Solana (SOL) Market Cap: Predicts “Huge 10x Pump”</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Analyst Explains Why Sui Could Reach Solana (SOL) Market Cap: Predicts “Huge 10x Pump”

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