A widely followed crypto analyst is laying out his thoughts on the future price action of a slate of altcoins.
Crypto trader Ali Martinez tells his 160,000 followers on the social media platform X that the layer-1 platform Sui Network (SUI) is on the verge of a rally.
“I just went long on SUI! Strength is undeniable and could be one of the fastest to recover.
As long as $2.60 holds, a breakout to new all-time highs looks very likely.”
Moving on to the popular meme token Dogecoin (DOGE), Martinez says the dog-based altcoin is on the verge of a rebound.
“As long as $0.16 holds, Dogecoin DOGE still has a strong shot at rebounding toward $0.48.”
Looking at the decentralized finance (DeFi) layer-1 blockchain Sei (SEI), the analyst foresees a bull run in the near future.
“Nothing has changed! SEI still eyes a bullish breakout to $0.90. Mark my words.”
Finally, taking a glance at the native token of the Pudgy Penguins non-fungible token (NFT) collection PENGU, the analyst says that the memecoin has a lot of upside despite a “flash crash” last week.
“What happened on Friday was far from normal. Some call it a black swan; others call it extreme manipulation.
Most charts now show insane wicks to the downside, but strip out the noise and you’ll see PENGU holding structure.
If $0.023 holds, a breakout to $0.13 is in play.”
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