SUI and PYTH Poised for Explosive Growth—Here’s Why Crypto Bulls Are Betting Big
Crypto markets are buzzing as two altcoins—SUI and PYTH—show signs of a major breakout. Analysts point to bullish technicals and surging developer activity as catalysts.
Why SUI Could Moon
The layer-1 blockchain’s unique Move programming language keeps gaining traction—deFi builders love its security-first approach. Network upgrades slated for Q3 could fuel the next leg up.
PYTH’s Oracle Edge
Real-time price feeds are crypto’s unsung infrastructure. PYTH’s low-latency data keeps outperforming competitors, with institutional adoption quietly accelerating.
Of course, nothing moves in a straight line—especially when Wall Street ‘experts’ suddenly remember blockchain exists after ignoring it through the last bear market. But the charts don’t lie: these assets are building momentum while weak hands get shaken out.
$149. Sharing his insights with his 321,600 followers on the social media platform X, Bluntz anticipates a substantial price increase of approximately 98% for SUI. He notes that following the completion of an ABC correction, SUI has embarked on a five-wave upward cycle, suggesting that the price could potentially rise from $2.77 to $5.50. In the same thread of posts, he also acknowledges receiving strong signs of reversal for the Solana-based Pyth Network (PYTH).
ContentsTechnical Basis Behind Bluntz’s SUI PredictionAnticipated Rebound Potential for PYTH Network
Technical Basis Behind Bluntz’s SUI Prediction
Bluntz employs the Elliott Wave theory, which proposes that an asset can FORM a five-wave upward structure after an ABC correction. He believes that SUI’s price chart exhibits a scenario resembling this structure, indicating that the current price level could represent the cycle’s second wave, with momentum anticipated to accelerate in future stages.
The target price region of $5.50, as outlined by Bluntz, marks the culmination of the formation’s fifth wave. This implies a theoretical increase of nearly 98%. However, historical data suggests that cryptocurrencies failing to complete similar structures may experience sharp pullbacks. As a precaution, experts advise not relying on chart formations alone.
Anticipated Rebound Potential for Pyth Network
Pyth Network, another asset on Bluntz’s radar, displays a notable bullish divergence on its weekly chart. As momentum indicators reach low levels while the price remains flat, experts see this as fertile ground for potential upward movement. Bluntz points out that the solana ecosystem’s lackluster performance offers opportunities for quick gains, potentially doubling in the blink of an eye.
At the time of analysis, PYTH is trading at $0.105. Bluntz asserts that similar bullish signals are present in various alternative assets, indicating a broad-based recovery potential in the market. Nonetheless, it is emphasized that the market’s historical volatility presents both opportunities for significant gains and risks.
Market commentators highlight that technical models do not provide certainty, and investment decisions should be supported by personal research and updated data. Given the prevalence of sudden price fluctuations in cryptocurrencies, risk management is considered more crucial than ever.
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