Crypto Analyst Says Solana Rival Biding Time Before Next Move, Updates Outlook on Bitcoin
A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is waiting in the wings before making its next move to the upside while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Rekt Capital tells his 533,400 followers on the social media platform X that layer-1 blockchain Sui Network (SUI) is consolidating below its all-time high as it gains support from prominent crypto wallet Phantom. “SUI. Still consolidating below all-time highs, biding its time before its next move. As for fundamentals, Phantom is live with SUI to over 15 million monthly active users. More, SUI has partnered with SatLayer and Babylon BTC Staking in an effort to push into BTC DeFi this Q1.” Source: Rekt Capital/X SUI is trading for $4.14 at time of writing, a 12.5% gain during the last day. Moving on to the crypto king, Rekt Capital says Bitcoin has successfully retested a resistance zone but needs a daily close ...