According to a widely respected crypto analyst, one Ethereum (ETHHe also updated his views on Bitcoin.BTCSui (SUI).
In a new strategy session, crypto trader Michaël van de Poppe tells It appears to his 789.600 followers on social media platform X, that the layer-2 scale solution Arbitrum is the best option.ARBIn the coming months, you can expect to see a rise in the price of ().
“The bullish divergence on ARB remains to be valid as it starts to make higher lows and higher highs. One to watch, and as we have this higher timeframe bullish divergence, it’s a good indicator that this one will do well in the coming 1-2 months.”
ARB currently trades for $0.411, an increase of 1.8% on the previous day.
The analyst then moves on to the Crypto King says He believes that BTC is going to slowly climb up until it reaches a new high. But if support were to be lost at $107,000 it could experience a rapid correction.
Bitcoin is continuing to rise level by level. If this support (green block) goes away, I believe we’ll be able to continue grinding towards higher ATHs.
Corrections will be volatile, with deep wicks because people are prone to jump into an asset quickly. When should we expect a correction? When can we expect one?
BTC currently trades for $107.249, which is a slight decrease from the previous day.
The trader concludes his research with the layer-1 blockchain platform and smart contracts Sui Network. says It’s recovered nicely from the fear, uncertainty and doubt (FUD) that surrounded it following its hacking to the tune hundreds of millions dollars this month.
The SUI is regaining its strength after the FUD that surrounded Cetus. TVL has already risen $300 million, and now stands at $1.8 billion TVL. The stabilization of the price shows that SUI is still a contender in the adoption race.
Also, I’m confident that it will outperform Solana in the coming 12-24 months. “Just a regular consolidation.”
SUI has risen marginally to $3.58 as of the time this article was written.
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