Famous crypto trader Michaël van de Poppe recently expressed his bullish expectations for two altcoins, Sui Network (SUI) and Bittensor (TAO), predicting they will reach new all-time highs. Additionally, he updated his insights on Bitcoin (BTC) $0.000052 and the cross-chain protocol Wormhole (W).
Sui Network (SUI)
In a statement on the social media platform X, Van de Poppe noted that Sui Network (SUI) could present an opportunity between $1.30 and $1.60. He anticipates that SUI will achieve new all-time highs following a correction.
Michaël van de Poppe: “SUI – Where to buy? Technically, despite better opportunities, SUI could be one of the altcoins to enter the top 10 by the end of the cycle. Aggressive entry points are between $1.50 and $1.60. Targets? New all-time highs.”
Bittensor’s Future
Van de Poppe also indicated that Bittensor (TAO) is set to reach new peaks. He expects TAO to find support at the $500 level and anticipates a critical breakout at $620.
Michaël van de Poppe: “TAO is likely to break the next all-time high. It is a strong asset with robust returns. We expect testing support at $500, followed by a move toward new all-time highs. Critical breakout point: $620.”
Wormhole and Bitcoin Updates
Regarding Wormhole (W), Poppe stated that if it remains above the $0.25 level, the upward trend will continue. For Bitcoin (BTC), he expects a rise to persist from October to December.
Michaël van de Poppe: “W looks really good, ultimately. It has gained liquidity and is currently seeking a higher low. If it stays above $0.25, we expect it to continue from there. Optimal entry points for long positions are between $0.25 and $0.275.”
Van de Poppe mentioned that Bitcoin is preparing for a rise with closures above $62,000 during the October to December period.
Key Indicators for Investors
In addition to SUI and TAO, the ability of Wormhole to maintain significant support levels signals positive trends for investors. Continued upward momentum for Bitcoin can also be seen as a favorable sign for the overall crypto market.
Investors may consider $1.50 to $1.60 as aggressive entry points for SUI and $1.30 to $1.40 for conservative entry points. The critical breakout point for TAO is set at $620.
If Wormhole sustains above $0.25, it may trigger a continued upward trend. Bitcoin can increase its momentum by staying above $62,000 during the October to December timeframe.
In summary, Michael Poppe addresses which altcoins to focus on during bullish markets. Besides these three altcoins, he is also closely monitoring assets like ETH and LINK Coin. However, it is essential for investors to establish their strategies based on their own research.