The layer-1 Project Sui is one of three altcoins that a closely watched crypto strategist believes will be able to outperform the other two.SUIThe, are experiencing a distinct downtrend.
Altcoin Sherpa, a pseudonymous analyst warns SUI’s 218 900 fans on social media platform X, as well as fellow smart contract platforms Near (NEARArtificial Superintelligence Alliance) (FETThe market is in bearish territory.
The real scary part is we have a way to go with some of these currencies. A BTC market that is unstable, coupled with the supply unlocking process (peep the SUI), spells disaster for these coins.
Market structure is clearly bearish for most and it has been that way for some time. “Stay safe on the internet.”
A chart showing SUI’s sharp fall from the all-time peak of $2.17 is shared by the trader.
SUI was worth $0.575 at the time this article was written.
He seems to be suggesting in another chart that FET has a bearish series of lower highs, and lower lows.
FET currently trades for $0.921.
The chart of the NEAR altcoin appears to show that it has two lower weekly highs in a row.
NEAR currently has a value of $4.16.
Altcoin Sherpa, while bearish in the short-term on Bitcoin and its three alternative coins (altcoins), is long-term bullish.BTCEthereum (ETH). . says The Q4s have historically been bullish for cryptocurrency.
“BTC is still going to an all-time high (ATH) later this year and your shitcoins are going to *likely* be up multiples from today’s value.
There is something called seasonality. The Q4 or Q1 can be a great time. Do not die before that.
ETH will still break ATH almost guaranteed. This is a very likely trade given the ETF.
Bitcoin currently trades at $55,939, while Ethereum is valued at $2,352.
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