A widely followed crypto trader predicts two altcoins will soar to new all-time highs as he updates his views on Bitcoin (BTC) and cross-chain protocol Wormhole (W).
In a new strategy session, crypto analyst Michaël van de Poppe explains tells With its 728,300 followers on social media platform
The trader says that after a correction, SUI is ultimately destined for new all-time highs.
“SUI – Where to buy? Technically there are better (expected value) opportunities, but SUI is likely to be one of the coins that reaches the top 10 at the end of the cycle. The aggressive entry point is $1.50-$1.60. The conservative entry point is $1.30-$1.40. Objectives? New record highs.”
SUI is trading at $1.92 at the time of writing.
We continue with the decentralized machine learning network Bittensor (TAO), Van de Poppe say that it too will shoot to new highs, with the $500 level serving as support and the $620 level representing the crucial breakout area.
“The next one to break the all-time highs is probably TAO. Super strong return, super strong asset. We expect a test of $500 for support, after which we will run towards a new all-time high. Crucial Break: $620.”
TAO is worth $650 at the time of writing.
On the way to the Wormhole interoperability platform, the trader says things are “finally” looking good and should stay that way to climb if it stays above $0.25.
“W finally looks really good. Has taken over liquidity and is currently looking for a higher low. I expect some continuation from now on if the price stays above $0.25. Optimal entries for longs are between $0.25 and $0.275.”
W is trading at $0.351 at the time of writing.
As for Bitcoin, Van de Poppe says BTC is preparing for a rally that will last through December.
“The markets continue to show some upward momentum as the remaining currencies in particular wake up. Bitcoin is back above $62,000 and preparing for the October-December uptrend.”
At the time of writing, BTC is worth $63,814.
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Featured image: Shutterstock/DanieleGay/Sashkin
