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Reading: Crypto Expert Predicts New Highs: SUI and TAO on the Rise
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EdaFace Newsfeed > Latest News > Altcoin News > Crypto Expert Predicts New Highs: SUI and TAO on the Rise
Altcoin News

Crypto Expert Predicts New Highs: SUI and TAO on the Rise

vitalclick
Last updated: October 8, 2024 4:17 am
6 months ago
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Contents
Sui Network (SUI)Bittensor FutureWormhole and Bitcoin UpdatesImportant Indicators for Investors

Famous crypto trader Michaël van de Poppe shared his bullish expectations for two altcoins in his recent statement. He predicts that Sui Network (SUI) and Bittensor (TAO) will reach new all-time highs. Also, Bitcoin (BTC) $63,272 and also updated his views on cross-chain protocol Wormhole (W).

Sui Network (SUI)

In his statement on the social media platform X, Van de Poppe stated that Sui Network (SUI) could offer an opportunity between $1.30 and $1.60. SUI is expected to reach new all-time highs following a correction.

Michaël van de Poppe: “SUI – Where to buy? Technically, although there are better opportunities, SUI is one of the altcoins that could break into the top 10 by the end of the cycle. Aggressive entry point $1.50-$1.60. Goals? New all-time highs.”

Bittensor Future

Van de Poppe stated that Bittensor (TAO) will also reach new heights. He expects TAO to find support at the $500 level and make a critical break at the $620 level.

Michaël van de Poppe: “Probably the next one to break the all-time high is TAO. A strong return, a strong asset. We expect support to be tested at $500 and then move towards new all-time highs. Critical breakpoint: $620.”

Wormhole and Bitcoin Updates

For Wormhole (W), Poppe stated that the rise will continue if it stays above the $0.25 level. A continued rise is expected for Bitcoin (BTC) in the October-December period.

Michaël van de Poppe: “W looks really good, after all. It took away the liquidity and is now looking for a higher bottom. If it stays above $0.25, we expect it to continue from here. Optimal entries for long positions are between $0.25 and $0.275.”

Van de Poppe stated that Bitcoin will prepare for an increase in the October-December period with closings above $62,000.

Important Indicators for Investors

The fact that SUI and TAO, as well as Wormhole, maintain important support levels offers positive signals for investors. The continuation of Bitcoin’s upward momentum can be considered a positive sign for the overall crypto market.

Traders can consider $1.50-$1.60 as an aggressive entry point for SUI and $1.30-$1.40 as a conservative entry point. The critical breaking point for TAO is set at $620.

If Wormhole stays above the $0.25 level, it could enter an ongoing uptrend. Bitcoin, on the other hand, may remain above the $62,000 level and increase its momentum in the October-December period.

In summary, Michael Poppe answers the question of which altcoins to focus on in bull markets. Apart from these three altcoins, he is also closely interested in assets such as ETH and LINK Coin. Of course, he cannot see the future and investors must determine their own strategies based on their own research.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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