- Bitcoin continues its steady sideways movement in a healthy correction phase.
- Altcoins have begun to show strong bullish indicators as BTC recovers.
- Analyst sets next ATH target for SUI between $4.7 to $5.2.
With Bitcoin (BTC) trading between the $92,000 to $95,000 price range since entering a healthy correction phase, the market sentiment takes a bit of a hit going from an extreme greed zone to simply a greed zone with a score of 75. Despite this, analysts are optimistic about seeing a $1000,000 ATH for BTC price soon.
Altseason Sentiment Grows as Altcoins Pump
Since BTC set its recent all-time high (ATH) of $99,655.50, seasoned analysts expect a 6-digit target to arrive soon after the ongoing healthy correction phase plays out. Some analysts are expecting an even greater dip in BTC price but are adamant about buying the dip to make the best of the coming super cycle pump.
As traders and analysts patiently await for BTC price to recover, their watchful eyes have temporarily shifted to altcoin activity. Many anticipated the peak of altseason to occur early next year. However, presently, many altcoin prices have begun to pump with assets like ADA, VET, VTHI, and XRP having gone up by around 200%.
Altcoin SUI Prepares for Next Pump Target
Meanwhile, other altcoins seem to be preparing for the peak of the altseason by showing bullish indicators on their price charts. Some assets like Sui have already gone up in the previous months and still hint at a greater pump ahead in the thick of the coming altseason. As we can see from the chart below, SUI seems to be depicting strong indicators for a realistic up only sign.
The analyst marks how SUI just experienced a healthy pull back but will continue to climb up in the coming week. He goes on to set the next ATH target for SUI which is between $4.7 and $5.2. According to CoinMarketCap data, the price of SUI stands at $3.38 with a total market cap of $9,611,245,141.87 and a 24-hour trading volume of $2,350,652,749.25.
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