A widely known cryptocurrency analyst and trader is providing insight into the layer 1 altcoin Sui (SUI), highlighting one memecoin he believes has more upside potential.
The analyst, who goes by the pseudonym Bluntz, told his 278,500 followers on social media platform
CAT completed a three-wave downward correction within four hours and enjoyed a “multi-day build-up,” according to an analyst who regularly applies Elliott Wave theory to technical analysis. According to Elliott Wave Theory, major trends in asset prices move in a five-wave pattern and corrections occur in a three-wave pattern. According to the anonymous analyst’s chart, he appears to be suggesting that CAT could surpass its all-time high price of around $0.0000462.
“In my opinion, this is one of the most successful memecoin launches. “Unlike most, there wasn’t a big drop and we saw an uptick from day one.”
Simon’s Cat is trading at $0.0000285 at the time of this writing.
Next is Solana (SOL)’s rival Sui. According to the pseudonymous analyst, Sui shows strength through resilience.
Bluntz called Sui “an absolute beast,” doubling down on a prediction he made last month that Sui was “going to surprise some people” in the coming weeks and months.
“Sui was basically the first player to recover from yesterday’s decline.”
Sui is trading at $1.88 at the time of this writing, up nearly 140% in the last 30 days.
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