A widely followed crypto trader predicts two altcoins to hit new highs while updating his outlook on Bitcoin (BTC) and cross-chain protocol Wormhole (W).
In a new strategy session, cryptocurrency analyst Michael van de Poppe tells his 728,300 followers on social media platform He said the range could present opportunities for bulls.
The trader said SUI is destined to eventually reach new all-time highs after correction.
“SUI – Where to Buy?” Technically there are better (expected value) opportunities, but SUI is probably one of the coins that will be in the top 10 at the end of the cycle. Aggressive entry points are $1.50 to $1.60. A conservative entry point is $1.30 to $1.40. target? The price has reached an all-time high. ”
Source: Michael van de Poppe/X
At the time of writing, SUI is trading at $1.92.
Moving on to the decentralized machine learning network Bittensor (TAO), Van de Poppe says that the $500 level will also act as support, while the $620 level represents an important breakout area. .
“The next all-time high will probably be TAO. Super strong return, super strong asset. We expect the $500 test to hold as support, then towards a new all-time high. Will run. Key breakout: $620.
Source: Michael van de Poppe/X
TAO is valued at $650 at the time of writing.
Turning to the interoperability platform wormhole, the trader said things are “finally” looking better and if it can sustain above $0.25, it will continue rising.
“Finally, it looks like W is doing really well. It has secured liquidity and is currently looking for higher lows. If it can sustain above $0.25, we expect it to continue from here. The best entry for longs is Between $0.25 and $0.275.”
Source: Michael van de Poppe/X
At the time of writing, W is trading at $0.351.
Regarding Bitcoin, Van de Poppe said BTC is gearing up for a rally that will continue into December.
“The market continues to show some upward momentum, especially as re-staking coins are waking up. Bitcoin has climbed above $62,000 and is poised for an October-December rally.”
At the time of writing, BTC is worth $63,814.
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