Crypto Strategist Predicts Bullish Rallies for Sushi and Apecoin
A well-known crypto analyst believes that Sushi (SUSHI), a prominent decentralized exchange (DEX), and Apecoin APE, the digital asset linked to the Bored Ape Yacht Club NFT collection, are set for significant price increases. The trader, known as The Flow Horse, shared his insights with his followers on social media platform X, stating that SUSHI appears bullish after reclaiming the $1 price level. He predicts potential gains of up to 76% from current levels.
As of the time of writing, SUSHI is valued at $1.02. The trader also highlighted Apecoin as a potential breakout candidate, stating that he expects higher prices in the near future if it holds above the key level of $1.50. Similarly, Filecoin (FIL) is another altcoin on the trader’s radar, which he believes may see further surges after surpassing the critical resistance level of $5.
The analyst’s chart suggests that APE could rally to $1.80 if it convincingly breaks $1.50, while FIL was trading at $5.40 at the time of writing.
Hot Take
According to a top trader, Sushi and Apecoin are poised for substantial price increases in the near future due to their bullish technical setups and potential breakouts. Meanwhile, Filecoin may also experience surges following its move above a critical resistance level.