Today we will discuss analysts’ current chart evaluations for several altcoins, but the focus will be on SUI Coin. Even though it had a grand launch, it has since fallen behind because there was too much competition. However, the team is still taking various steps to stand out. So what do analysts expect for SUI Coin?
SUI Coin Predictions
SUI Coin, which is among the favorite altcoins of many analysts, also finds a lot of place in analyst evaluations. Solana has potential because it is a rival altcoin and attracts attention. However, the difficult downward environment also battered him. In its assessment a few hours ago, DaanCrypto says that SUI is now starting to show strength.
“SUI made a very strong move after reaching a higher low and compensating for the decline on December 1. It is currently consolidating with the 4H 200MA/EMA resistance located just above it.
If this resistance breaks above the $1.81 level, I will target levels above $2 again. However, SUI’s 2x leveraged ETF began trading on Nasdaq. This gives investors more options to speculate. As always, beware of volatility!”
With today’s market open, the SUI team announced the approval of the 2x leveraged SUI ETF (TXXS). It’s good to see a safe product on regulated markets for SUI.
Bullet will experience something similar to what TON Coin experienced in June 2023. SUI He says we can see for . In those days, TON experienced a sudden decline and the 50-day downward streak reached the 0.5-0.618 Fibonacci level. He then recovered quickly. The analyst who shared the chart above says something similar is happening with SUI and even many in cryptocurrency He wrote that he expected a peak between $2.8 and $3.5, saying that it was seen.
ETH, SOL and BNB Coin
to SUI Coin We will also take a look at the quick evaluations of Sherpa, our third analyst, to provide an alternative. ETH has recovered slightly from yesterday to today and ETF flow has also been supportive.
We will closely monitor the flow of LINK Coin and ETH in the coming hours. The analyst hopes for a continuation of the rise as the 0.618 Fib paves the way for big jumps and buying is strong. If ETH remains strong, it could reach $3,594.
It is currently in the next phase with a 0.50 fib and Sherpa says it looks strong. BNB has long responded strongly to overall market recoveries and has been able to stay above the ATH level of the last cycle compared to many other cryptocurrencies. BNB Coin target is $1,097.
Finally, there is SOL Coin, which has made a strong start in the ETF channel. ETF investors who don’t care how the markets do SOL Coin It’s accumulating and it’s good to see more long-term investors here. Sherpa wrote the following for Solana (SOL);
“It’s the weakest of the three, but it’s still in good territory. It’s down 50% from its highs in a few months, and I wouldn’t be surprised if we see some volatility before moving higher. Overall, I think these three will move in tandem with BTC, underperforming if BTC pulls back.”
