Analyst Expects Banana Rally in Dogecoin & SUI, Targets 100%+ Gains!

As Bitcoin’s value stays unstable and struggles to achieve the $100,000 mark, the altcoin rally is gaining momentum. Regardless of there being 99,000 consumers and 100,000 sellers, the sensible cash is flooding into the altcoin section.

Main the pack, Dogecoin’s restoration and an enormous bounce within the SUI token set the stage for the subsequent massive banana rotation. Let’s take a better have a look at the worth evaluation of Doge and SUI to search out the upside value goal.

Raoul Pal chooses SUI and DOGE

In a latest tweet, Raoul Pal shared his subsequent massive altcoin that may make an enormous leap ahead. I feel subsequent within the massive banana rotation is SUI and DOGE and doubtless that token you are holding too. By paying particular consideration to SUI and DOGE, the analyst expects nearly all of altcoins to pump into this bull market.

SUI value evaluation

The SUI value motion is seeing an enormous rally, buying and selling at $3.56. The worth just lately reached an all-time excessive of $3.94. Presently, the Fibonacci stage is consolidating between 1.27 and 1.618.

Trading view

These Fibonacci bands value $3.00 and $4.80 respectively. A break of the higher band will possible lead to an enormous wave. Primarily based on the Fibonacci ranges, the subsequent value targets are $8.00 and $18.00.

Nonetheless, the bearish crossover within the MACD and sign line warns of a sideways continuation of retesting the $3.00 barrier earlier than the subsequent value bounce.

DOGE Worth Evaluation

Within the day by day chart, DOGE value motion is exhibiting an enormous breakout rally. Beginning with the falling wedge breakout run, the DOGE rally has already began with a banana rotation. It has crossed the Fibonacci stage of 1,618 at $0.37.

Trading view

Dogecoin is now beginning a reversal after the retest from the Fibonacci stage. It’s at present buying and selling at $0.4591 and heading in the direction of the psychological barrier of $0.50.

A bullish breakout above is prone to take a look at $0.64 and will attain the $0.80 mark earlier than the top of 2024.

Additionally learn Dogecoin Worth Prediction for an summary of DOGE’s long-term prospects!

Incessantly requested questions