A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is on the brink of breaking out while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 550,900 followers on the social media platform X that layer-1 blockchain SUI Network (SUI) is one weekly close away from taking off.
“SUI is on the cusp of a breakout from its macro triangle. It is one weekly close above the diagonal resistance away from kickstarting trend continuation to the upside. SUI continues to be a leader in terms of metrics across layer-1s, with its TVL (total value locked) is over $2 billion.”
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Source: Rekt Capital/X
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