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Trader Says Solana Rival Primed To Hit New All-Time High in Coming Months, Outlines Path Forward for Bitcoin

Trader Says Solana Rival Primed To Hit New All-Time High in Coming Months, Outlines Path Forward for Bitcoin

Daily Hodl2025/04/24 16:00
By: by Mark Emem
BTC+0.48%SOL+5.87%SUI+1.48%

Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on the native token of a Solana ( SOL ) competitor while updating his outlook on Bitcoin ( BTC ).

Van de Poppe tells his 784,200 followers on the social media platform X that the native token of the smart contract platform Sui ( SUI ) now appears bullish after breaking out of a “crucial resistance zone.”

According to the widely followed analyst and trader, Sui could go up by at least 74% over the coming months.

“SUI is likely running towards a new all-time high in the coming quarter.”

Sui is trading at $3.08 at time of writing, down by around 43% from the all-time high of $5.35 reached in early January.

Based on Van de Poppe’s chart of Sui on the 12-hour time frame, the widely followed analyst appears to suggest that the Solana rival could, over the short term, go up to around $3.20, pull back to under $3.00, before resuming the uptrend.

Trader Says Solana Rival Primed To Hit New All-Time High in Coming Months, Outlines Path Forward for Bitcoin image 0 Source: Michaël van de Poppe/X

Turning to Bitcoin, the widely followed analyst says that over the short term, the crypto king is likely to undergo a correction after a rally of approximately 27% from the 2025 lows reached earlier this month.

According to Van de Poppe, Bitcoin faces a “crucial resistance” level at around the $96,000 price level and a pullback would offer an accumulation opportunity following the recent “massive breakout.”

“Buyers are likely going to step in and then we will be continuing our path towards a new all-time high.”

Trader Says Solana Rival Primed To Hit New All-Time High in Coming Months, Outlines Path Forward for Bitcoin image 1 Source: Michaël van de Poppe/X

Bitcoin is trading at $92,853 at time of writing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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