- Altcoin SUI aims for $7 ATH target next.
- The altcoin market is preparing for a bullish rally soon.
- Analysts encourage the crypto community to buy the dip before the altcoins surge arrives.
The recent dip in Bitcoin and Ethereum prices has led to a sudden crypto market dip , taking altcoin prices down a few numbers as well. Presently, analysts see that despite the dip, the price of ETH is still outperforming BTC and is expected to make a steady recovery. This expectation has further boosted the expectations of altcoin prices to rally as well. At the moment, altcoin SUI aims for $7 ATH target as the altcoin market prepares for a bullish rally.
Altcoin SUI Aims for $7 ATH Target
Ever since this bull cycle began, promising altcoins, including new and legacy altcoins, have been steadily showing highly bullish indicators and price patterns, all working up to building an explosive price pattern for altcoin prices to shoot towards their previous ATH prices and enter price discovery. Instead, when altseason was expected, the crypto market entered a prolonged correction state.
This period went on for a full quarter, allowing the crypto market to settle into a much healthier state, thus allowing ETH price to bottom and letting all crypto assets rally towards higher prices. Since then, ETH has gone on to secure higher highs, while BTC set new ATH price targets. Presently, ETH has been steadily outperforming BTC, allowing expectations for the cycle’s altseason peak phase to arrive soon.
Before the correction phase, a few new altcoins went on to set new ATH targets; these include FET, ONDO, and SUI. Meanwhile, legacy altcoins like ETH, ADA, and XRP have yet to claim their previous ATH prices before setting off to hit new ATH targets. Presently, these altcoins are some of the most bullish altcoins for the coming altseason peak phase. In particular, analysts are expecting SUI to claim a new ATH price soon.
As we can see from the post above, the analyst says that the altcoin SUI was undergoing a bullish retest and has just recently completed it with success. This means that SUI price will steadily move up to claim a new ATH target of $7. According to CoinMarketCap data, SUI’s previous ATH price was set 7 months ago at $5.35, a target that is over a 27% pump away from SUI’s current price of $3.84.
Altcoin Market Prepared for a Bullish Rally
All in all, altcoin expectations are higher than ever, as the analyst in the post above highlights. He marks how, as soon as there is a flush in the market , the panic is back. Yet, he draws attention to how ETH is only just 8% away from its previous ATH and reminds the community to take a look at the Altcoin Season indicator . He concludes by encouraging traders to buy dips and prepare for a huge upside fro altcoin prices.
