The Flow Horse, an experienced cryptocurrency analyst using the pseudonym, predicts strong rallies for the decentralized exchange (DEX) Sushi (SUSHI) and popular NFT collection Bored Ape Yacht Club-associated altcoin Apecoin (APE). The analyst also expects a significant breakout for Filecoin (FIL).
Analyst’s SUSHI and APE Analysis
The anonymous crypto analyst, The Flow Horse, stated that SUSHI has started to rise after reclaiming the $1 fundamental price level on the prominent social media platform X. The analyst mentioned that if Sushi manages to stay around $1, it could provide investors with returns of up to 76%. The analyst said:
SUSHI has returned to the lowest levels of the 2022 range. I would have expected at least $1.50, then $1.80. Here’s another technical setup that looks great with a trading pair that has mostly stopped mocking.
Following SUSHI, the analyst looked at APE and stated that the altcoin is preparing for an upward rally. The Flow Horse commented on APE, saying, “I think it’s time for APE to rise. It has been very quiet while continuing on its own path in the rally cycle. I believe we will see much higher prices in the short term for APE. $1.50 is a key level, and it should hold above it. If it fails to hold, it will return to the dip levels seen in July of this year.”
When looking at the analyst’s chart, it can be seen that the analyst predicts APE will rise to $1.80 if it convincingly breaks the $1.50 level.
“Rise Will Continue” for Filecoin’s FIL
Another altcoin on The Flow Horse’s list is Filecoin, a cryptocurrency project designed to provide digital payment system for file storage and retrieval. The analyst noted that FIL could see further increases after surpassing the key resistance level of $5:
This is something else. FIL hasn’t even made its real breakout yet. It has risen since the post about absorption the other day, but it is still trading below the summer’s highest levels.
