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Home»ALTCOIN NEWS»Trader Says ‘Real Move’ Is Coming to One DeFi Altcoin, SUI and One AI-Driven Crypto Asset Turning Bullish
ALTCOIN NEWS

Trader Says ‘Real Move’ Is Coming to One DeFi Altcoin, SUI and One AI-Driven Crypto Asset Turning Bullish

By Crypto FlexsSeptember 9, 20242 Mins Read
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Trader Says ‘Real Move’ Is Coming to One DeFi Altcoin, SUI and One AI-Driven Crypto Asset Turning Bullish
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A prominent crypto strategist believes one decentralized finance (DeFi) altcoin is gearing up for an “explosive” rally.

Altcoin Sherpa, an anonymous analyst, told his 215,400 followers on social media platform X that the native token of lending platform Aave (AAVE) could soon see an uptrend again after trading range-bound for several weeks.

“The real move in AAVE is coming soon. I caught it (September 8th) but got out (with a scalp). But I think there will be a more explosive move… lots of compression. Of course, we need BTC to play well first, but keep an eye on AAVE.”

Source: Altcoin Sherpa/X

At the time of writing, AAVE is trading at $137, up more than 11% in the last 24 hours.

The analyst then said he would turn bullish on Solana (SOL) competitor Sui (SUI). He said SUI could fall to the Fibonacci retracement level of $0.87, which would provide a good entry point for a bullish move.

“For SUI, $0.87 would be a good entry point.”

video
Source: Altcoin Sherpa/X

At the time of writing, SUI is trading at $0.91, down slightly over the last 24 hours.

Finally, the analyst says the Artificial Intelligence Federation (FET) rally could continue to rise even after the breakout.

“Good move on FET (Sep 8). Whether this has the juice to go higher remains to be seen, but somewhere around $1.21 it would definitely see some downside.”

video
Source: Altcoin Sherpa/X

At the time of writing, FET is trading at $1.16, up over 9% in the last 24 hours.

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