Today, we will understand the current situation and speculate about the future by examining five different perspectives. Looking at the assessments of cryptocurrency experts from the last 1-2 hours allows us to interpret the current state from various angles. Moreover, investors should formulate their strategies based on their own research and decisions. So, what are the latest comments regarding SUI Coin, SOL, and BTC?
SOL and SUI Coin
What price should be paid for SOL Coin? Investors who bought SOL Coin around $125 for nearly 180 days have had opportunities to trade at around $160, achieving over 100% profit. For a holder who purchased at $125 to achieve similar gains, the price must exceed $250. Short-term trading has turned into a problematic trend due to the volatility seen in the last two quarters.
Crypto Tony advised cautious investors to wait for closures above $163 before making purchases. Following this, targets of $188 and $210 could emerge.
Kyle focused on SUI Coin, noting that many analysts are discussing its recent rise and trading volume. He suggests that several signals indicate a larger upward movement may be forthcoming.
“The Sui Network’s TVL surged with the recent introduction of Circle USDC. All signs indicate explosive growth in the SUI ecosystem. With rising TVL and increasing trading volumes, SUI is outpacing other networks. Additionally, SUI’s memecoins are attracting volume, hinting at upcoming developments.”
However, Kyle also cautioned that he is not predicting the future and acknowledged that SUI could also initiate a long-term decline. He emphasized the importance of creating one’s own strategy based on personal insights, stating that these comments merely help to notice overlooked details.
Bitcoin Predictions
Daan Crypto Trades indicated that Bitcoin $90,047‘s price is squeezed, suggesting an impending breakout. This tedious process has persisted for nearly seven months, creating moral fatigue for investors as BTC experiences constant fluctuations of around 20%.
“Bitcoin has been trading at the same price level for the past few days and is becoming very tight. The next move will likely be significant, contingent on which side breaks first. It’s best to wait for confirmation, especially when a larger move is anticipated.”
Moustache clearly stated that he expects the breakout to be upward, using examples from 2021.
“After looking at this chart, ask yourself how many more bottom opportunities there will be. I believe a breakout is imminent, with the largest rise since 2021 on the horizon.”
Lastly, analyst Mister Crypto drew attention to the upcoming U.S. elections, noting that prices have dramatically increased after previous elections.
He anticipates that the elections in early November may yield similar results.