Analyst Predicts Bullish Outlook for Solana Rival SUI and PYTH Cryptocurrencies

An analyst, known in the crypto community as a “Master Trader” on Bybit, is making bold predictions about the potential upside moves for two lesser-known cryptocurrencies that are rivals to Solana (SOL).

SUI: A Five-Wave Rally in Progress

Bluntz, a pseudonymous analyst with a significant following on X, believes that SUI, the native asset of the layer-1 protocol Sui, is currently in the midst of a new five-wave rally after completing an ABC correction. Utilizing the Elliott Wave theory in his technical analysis, Bluntz suggests that SUI is poised for a significant price increase.

According to Bluntz’s chart, he predicts that SUI could reach $5.50, representing a potential 98% increase from its current value of $2.77.

PYTH: A Bullish Reversal on the Horizon

Bluntz also has his sights set on PYTH, the Solana-based decentralized oracle. He notes that PYTH is showing a bullish divergence on the weekly chart, indicating a possible bullish reversal in the works.

As of the latest update, PYTH is valued at $0.105, but Bluntz suggests that it has the potential to double in value quickly given the current market conditions.

Stay Updated with The Daily Hodl

For more insights and analysis on the latest cryptocurrency trends and price actions, make sure to follow The Daily Hodl on X, Facebook, and Telegram. Subscribe to receive email alerts directly to your inbox and stay ahead of the curve in the crypto market.

Don’t miss out on the latest updates and opportunities in the crypto space. Stay informed and make informed decisions to maximize your investments.

Generated Image: Midjourney