A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is on the brink of breaking out while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 550,900 followers on the social media platform X that layer-1 blockchain SUI Network (SUI) is one weekly close away from taking off.
“SUI is on the cusp of a breakout from its macro triangle. It is one weekly close above the diagonal resistance away from kickstarting trend continuation to the upside. SUI continues to be a leader in terms of metrics across layer-1s, with its TVL (total value locked) is over $2 billion.”
According to the analyst, not only is SUI ready to rally to the upside, but it has also overtaken Solana in terms of overall stablecoin transfers last month.
“SUI has been consolidating inside this macro market structure for most of 2025, soon to challenge the top of the pattern for a major breakout attempt. Fundamentally speaking, SUI has overtaken Solana in terms of monthly stablecoin transfers in the last month.”
SUI is trading for $3.56 at time of writing, a 10.6% increase on the day.
Moving on to the top crypto asset by market cap, Rekt Capital says that its latest surge to a new all-time high means that the “storm is here.”
“The price of Bitcoin has increased by +$10,000 since. The storm is here.”
He also notes that the crypto king has entered its price discovery uptrend phase. BTC is trading for $117,755 at time of writing, a 5.9% increase during the last 24 hours.
Concluding his analysis with ETH, Rekt Capital says that the second-largest digital asset by market cap is ready to rally across its entire macro range of between $2,500 and $3,900.
“Ethereum is slowly getting ready to rally across its entire $2500-$3900 macro range (black-black). The macro range low of $2500 has been successfully retested as support to kickstart the range-bound move.”
Ethereum is trading for $2,980 at time of writing, a 7.5% increase on the day.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
Credit: Source link
