Top crypto analysts, Trading Joker and Planfomo, have lately shared bullish insights on the price movements of Avalanche (AVAX) and Sui (SUI). Their analysis points to potential breakouts and significant upside for these two cryptos, fueling the current price pumps. As per the latest data from CoinMarketCap, AVAX is trading at $63.50, up 12.96% in the last 24 hours, while SUI is priced at $1.64, enjoying a 7.15% surge over the same period.
What you'll learn 👉
Avalanche (AVAX): Ascending Triangle Pattern Fuels Rally
Planfomo (@planfomo), a top crypto trader, had identified an ascending triangle pattern on the AVAX chart. He anticipated another leg up after a proper breakout through the resistance zone.
Consequently, AVAX has indeed bounced back from the demand zone, resulting in a 63.40% price increase. In a tweet, Planfomo celebrated this rally, exclaiming, “Enjoy!”
Sui (SUI): Cup and Handle Pattern Hints at Breakout
In a tweet, Trading Joker (@TradingJoker) identified a bullish cup and handle pattern on the SUI chart. He expressed confidence in a breakout from the current handle, reclaiming the $2 level.
Moreover, Trading Joker believes that once SUI surpasses $2, it will enter a price discovery phase with no significant resistance, potentially propelling it towards targets around $3.40-$3.60. Lately, he reiterated his bullish stance, stating, “As long as BTC allows, this will be sent to new ATHs.”
Market Performance
The bullish predictions from Trading Joker and Planfomo seem to be playing out, as both AVAX and SUI are experiencing significant price pumps. According to CoinMarketCap, AVAX has a 24-hour trading volume of $2,098,283,963, while SUI’s 24-hour trading volume stands at $683,399,781. These trading volumes further reinforce the positive sentiment surrounding these cryptocurrencies.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +The analyses from Trading Joker and Planfomo, coupled with the strong price performances and trading volumes of AVAX and SUI, suggest that these cryptocurrencies are poised for further gains. However, as with any investment, it is crucial to conduct thorough research and exercise caution.
You may also be interested in:
- Experts Interpret Solana’s (SOL) Market Trajectory: Indicator of Major Upcoming Shifts in Crypto? Here’s their Outlook
- Top Bitcoin Analyst Maps Out BTC’s Potential Correction with This Strategy
- EOS (EOS) Recovers Stolen Tokens; Filecoin (FIL) Liquid Staking Soars; Algotech (ALGT) Presale Blasts 275%
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
