Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on the native token of a Solana (SOL) competitor while updating his outlook on Bitcoin (BTC).
Van de Poppe tells his 784,200 followers on the social media platform X that the native token of the smart contract platform Sui (SUI) now appears bullish after breaking out of a “crucial resistance zone.”
According to the widely followed analyst and trader, Sui could go up by at least 74% over the coming months.
“SUI is likely running towards a new all-time high in the coming quarter.”
Sui is trading at $3.08 at time of writing, down by around 43% from the all-time high of $5.35 reached in early January.
Based on Van de Poppe’s chart of Sui on the 12-hour time frame, the widely followed analyst appears to suggest that the Solana rival could, over the short term, go up to around $3.20, pull back to under $3.00, before resuming the uptrend.
Turning to Bitcoin, the widely followed analyst says that over the short term, the crypto king is likely to undergo a correction after a rally of approximately 27% from the 2025 lows reached earlier this month.
According to Van de Poppe, Bitcoin faces a “crucial resistance” level at around the $96,000 price level and a pullback would offer an accumulation opportunity following the recent “massive breakout.”
“Buyers are likely going to step in and then we will be continuing our path towards a new all-time high.”
Bitcoin is trading at $92,853 at time of writing.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
