Trader predicts Parabolic Sui Rally to new highlights, says that the recent $ 223,000,000 Dex Hack has given ‘great opportunity’

A usually adopted crypto analyst says that Layer-1 Blockchain Sui (SUI) is getting ready for an enormous outbreak to recent all-time highlights.

In a brand new thread, pseudonymous crypto dealer Kaleo tells His 703,900 followers on the social media platform X that Sui immediately affords a big shopping for choice.

He says that the latest hack of $ 223 million from the CETUS protocol, a decentralized Trade (Dex) that was energetic on the SII community, the worth of Sui fell, however ultimately gave Bulls the possibility to place itself for the subsequent leg.

“Consider the final cycle how usually Sol was declared lifeless as a result of it went down? Each time the FUD (worry, uncertainty and doubt) was bought, and it got here again stronger. I believe the latest Cetus exploit gave an incredible alternative for a dip to stack extra tremendous.

Cetus is formally again with a restoration plan for affected Polish. There’s additionally a plan for token compensation for affected customers. If there’s something, the CETUS concern makes me bullisher to indicate how Sui -Governance was quick to behave collectively to stop the exploit of the protocol to be worse and to permit the hacker to get away with the funds.

Be at liberty to deal with the sidelines, however I’ve been simply as bullish as I’ve been with Sui to get them the possibility to fill the hole within the Monolithic L1 (Layer-1) race. Run it again turbo. “

Based mostly on his graph, the dealer appears to sui that SUI print a brand new of all time at round $ 7.50, greater than double his present worth, maybe someplace in September this 12 months.

The analyst too out That sui could also be prepared to interrupt out a bullish -decreasing wig sample towards Bitcoin (BTC).

“SUI/BTC ratio additionally seems to be strong with a clear breakout. I see this outbreak and the launching night time filling shortly.”

On the time of writing, Sui acts for $ 3.45.

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