Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Crypto Analyst Says Clear Bearish Structures Are Flashing For SUI, NEAR And 1 Additional Altcoin
ALTCOIN NEWS

Crypto Analyst Says Clear Bearish Structures Are Flashing For SUI, NEAR And 1 Additional Altcoin

By Crypto FlexsAugust 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Analyst Says Clear Bearish Structures Are Flashing For SUI, NEAR And 1 Additional Altcoin
Share
Facebook Twitter LinkedIn Pinterest Email

A prominent crypto strategist believes that three altcoins, including Layer 1 project SUI, are in a distinct downtrend.

An anonymous analyst, Altcoin Sherpa, warned his 218,900 followers on social media platform X that SUI, smart contract platform Near (NEAR), and AI-centric Artificial Intelligence Superintelligence Alliance (FET) are trading in a bear market.

“What’s really scary is that we still have a long way to go for some of these coins. The volatile BTC environment, along with the supply unlock (peep SUI), means that many of these coins could be doomed.

For many, there is a clear bear market structure and has been for some time. Stay safe.”

The trader shares a SUI chart, which shows the altcoin’s sharp decline from its all-time high of $2.17.

Source: Altcoin Sherpa/X

At the time of writing, SUI was worth $0.575.

On other charts, it looks like FET is making lower highs and lower lows in a series of downtrends.

video
Source: Altcoin Sherpa/X

At the time of writing, FET was trading at $0.921.

For NEAR, the analyst chart shows that the altcoin has made two consecutive lower highs on the weekly chart.

video
Source: Altcoin Sherpa/X

At the time of writing, NEAR was valued at $4.16.

Altcoin Sherpa was bearish on three altcoins, but he was bullish on Bitcoin (BTC) and Ethereum (ETH) long-term. He also said that the fourth quarter of each year has historically been bullish for crypto.

“BTC will hit an ATH by the end of the year, and your shitcoin will *probably* be worth several times what it is today.

Seasonality is an issue. Q4 and Q1 are great times. Don’t die before then.

ETH will still almost certainly break above its ATH. It’s still a very high probability trade considering the ETFs.”

At the time of writing, Bitcoin is trading at $55,939, while ETH is trading at $2,352.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

Bitcoin Could Consolidate for ‘4-5 Months’, but Big Cup and Handle Look Promising – Analyst

May 16, 2024

SEC Delays Decision on Bitcoin and Ethereum ETFs

November 27, 2023

“Dare to Double” Contest Terms and Conditions and Form

February 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.