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Michaël van de Poppe predicts growth for SUI and TAO

Michaël van de Poppe predicts growth for SUI and TAO

GrafaGrafa2024/10/08 02:30
By:Isaac Francis

Crypto trader Michaël van de Poppe has shared his optimistic outlook for two altcoins, Sui Network (CRYPTO:SUI) and Bittensor (CRYPTO:TAO), forecasting both to reach new all-time highs.

He also provided updates on Bitcoin (CRYPTO:BTC) and Wormhole (CRYPTO:W), outlining potential entry points and upward trends for these assets.

For Sui Network (SUI), Van de Poppe noted that entry points between $1.30 and $1.60 could present an opportunity.

He anticipates SUI will achieve new highs following a correction, stating, "SUI could be one of the altcoins to enter the top 10 by the end of the cycle. Aggressive entry points are between $1.50 and $1.60, with targets for new all-time highs."

Bittensor (TAO) is also expected to perform strongly, with Van de Poppe predicting it will find support around $500 before breaking out at $620.

He commented, "TAO is likely to break the next all-time high. It is a strong asset with robust returns. We expect testing support at $500, followed by a move toward new all-time highs."

Regarding Wormhole (W), Van de Poppe explained that if the asset remains above $0.25, the upward trend will likely continue, seeing the $0.25 to $0.275 range as optimal for long positions.

For Bitcoin, he projects a rise through the October to December period, expecting it to maintain momentum if it stays above $62,000.

Investors should monitor these altcoins for potential entry points, with SUI targeted at $1.30 to $1.60 and TAO's critical breakout at $620.

The sustainability of Wormhole above $0.25 and Bitcoin’s ability to remain above $62,000 are also key indicators for the broader market.

At press time, the Sui price was $2.06, and the Bittensor price was $618.72.

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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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