For months Bitcoin (BTC) $71,218 The price was stalling below $72,000 and the nightmare of almost 2 quarters was over. BTC reached $72,000 at the time of writing. This situation paves the way for further rises for the rest of the altcoins. So, what are the experts’ latest predictions for SOL Coin, SUI Coin and other cryptocurrencies?
SUI and SOL Coin Chart Review
Raoul Pal is a well-known executive in the crypto space and his predictions are closely watched. Approximately 2 hours before US markets open today SOL CoinChina published its opinion. Then the BTC price jumped to $72,000, up 5 percent. this situation SHIB And DOGE allowed its price to increase by more than 10 percent.
At the time of writing, BTC has reached its daily peak at $ 72,095. However, closings above $ 71,500 will be a motivational detail for altcoins. Pal wrote the following for SOL Coin:
“I hope we can break all these levels and move on with our lives. I don’t buy or sell, I just observe market phases.
Breaking $185 on the SOL Coin front will be a signal for me that the big rally process will begin. “We have paid the heavy price of unsuccessful attempts in recent months and I advise you to be cautious.”
SOL Coin price At the time of writing, it is priced at $179. Pal also shared the DOGE chart below and mentioned that we are now on the verge of a breakout phase. Here too, the $0.18 and $0.23 targets remain current.
Quinten also shared the SUI Coin chart and wrote that things happened exactly as he expected and predicted.
“The SUI scenario I posted a few weeks ago played out EXACTLY as predicted.
It is currently trying to break through the $2 level again. There is some resistance there but it feels like the market is heating up so I think the bulls will break it. The next target is $2.18.”
Current Situation in Cryptocurrencies
We have not seen a daily volume of $ 3 billion in the BTCUSDT parity of the Binance exchange for a long time. BTC This happened while it was over $72,000. Total daily volume on all exchanges exceeded $100 billion. This is good news as the increase in volume is 51 percent and prices are rising.
There are US elections at the beginning of November and October is almost over. The Fed will make another interest rate cut next month, and JOLTS was pretty bad today. Inflation is on the desired path and the expected scenario for cryptocurrencies should now have begun.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.