For months, Bitcoin (BTC) 
$62,569 hovered below $72,000, but the prolonged slump has come to an end. As this article was being prepared, BTC reached the $72,000 mark. This development paves the way for further increases across other altcoins. What are the latest predictions from experts regarding SOL Coin, SUI Coin, and other cryptocurrencies?
Analysis of SUI and SOL Coin Charts
Raoul Pal, a renowned figure in the crypto space, released his views on SOL Coin approximately two hours before the U.S. markets opened. Following his insights, the price of BTC surged by 5%, hitting $72,000. This allowed for significant price increases of over 10% for SHIB and DOGE.
As the article was being prepared, BTC set its daily peak at $72,095. However, closing above $71,500 would serve as a motivational factor for altcoins. Pal mentioned the following regarding SOL Coin:
“I hope we can break all these levels and move on with our lives. I am not buying or selling, just observing market stages.”
“Breaking $185 on SOL Coin would signal the beginning of a significant rally for me. We have paid heavily for unsuccessful attempts in recent months, so I advise caution.”
At the time of writing, SOL Coin was priced at $179. Pal also shared the DOGE chart, noting that it is on the verge of breaking through. The targets of $0.18 and $0.23 remain relevant.
Quinten shared the SUI Coin chart, indicating that developments unfolded as expected.
“The SUI scenario I published a few weeks ago unfolded exactly as predicted. It is currently trying to exceed the $2 level again. There is some resistance there, but the market seems to be heating up, so I think the bulls will break through. The next target is $2.18.”
Current Status of Cryptocurrencies
We had not seen a daily volume of $3 billion in the BTCUSDT pair on Binance for a long time. This happened as BTC surpassed $72,000. Total daily volume across all exchanges exceeded $100 billion. The increase in volume by 51% coincides with rising prices, marking positive news for the market.
With the U.S. elections approaching in early November and October nearly over, the Fed is expected to implement another rate cut next month, especially after today’s disappointing JOLTS report. Inflation seems to be on the desired path, indicating that the anticipated scenario for cryptocurrencies may have begun.
