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Renowned cryptocurrency analyst Bluntz suggests a potential new upward trend for Layer-1 protocol Sui (SUI) and Simon’s Cat (CAT). He conveyed this insight to his followers on X, highlighting that SUI has recently shown signs of an upward movement after the ABC correction wave, creating higher lows. Bluntz stated, “Technically, SUI has entered a new uptrend in higher timeframes, surpassing critical levels, and I think it will surprise some people in the coming weeks and months.”
Sui Enters a New Uptrend
According to Bluntz, based on Elliott Wave theory, SUI could rise to $1.80 in the upcoming weeks. He believes that the current trajectory indicates consistent growth for the cryptocurrency, marking a shift back into a bullish market.
Simon’s Cat Prepares for a Rally
Bluntz also indicated that Simon’s Cat (CAT), a cat-themed memecoin, might see a new surge after breaking the resistance at $0.00003. He noted, “CAT is trading like a monster here, continuously rising even during market downturns and consolidating at previous peaks. I believe it’s set to go much higher.”
Launched last month on the BNB Chain, Simon’s Cat is based on the popular British animated series. The analyst emphasized that for CAT to experience new rallies, it must surpass the resistance level at $0.000036.
Bluntz’s predictions are drawing the attention of investors toward altcoins like SUI and CAT. However, due to the cryptocurrency market‘s high volatility, he advises investors to conduct their own research and assess the risks involved.
