China News Daily TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A crypto strategist known for making timely altcoin calls believes layer-1 protocol Sui (SUI) is gearing up to spark breakout rallies. Pseudonymous analyst Bluntz tells his 274,600 followers on the social media platform X that SUI appears to have ignited a new bullish trend after printing a higher low setup amid the conclusion of an ABC corrective wave. Bluntz relies on the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge after completing an ABC corrective pattern. The analyst shares a chart suggesting that SUI can rise to as high as $1.80 in the next few weeks. “SUI back in a technical high timeframe uptrend again, higher lows and higher highs + key level taken out already. It’s gonna surprise a few people in the next weeks to months, in my opinion.”  Source: Bluntz/X At time of writing, SUI is worth $1.17, up over 13% in the last 24 hours. Looking at the feline-themed memecoin Simon’s Cat (CAT...