dailyhodl.com
A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX) Sushi ($SUSHI) and Apecoin $APE, the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.
Pseudonymous analyst The Flow Horse tells his 185,400 followers on the social media platform X that $SUSHI looks bullish after recovering the key price level of $1.
The trader thinks that Sushi can print gains of as much as 76% from current levels.
“$SUSHI accepted back into 2022 range lows. I would expect at least $1.50, then $1.80.
Another great looking technical setup with a pair that mostly have just resigned to mocking.”
At time of writing, $SUSHI is worth $1.02.
Next up is Apecoin, which the trader thinks is gearing up for a breakout rally.
“I think it is time for $APE to ape. This thing has been quiet while the cycle of pumps makes its way over.
Thinking we see much higher prices in the near future.
$1.50 is a key level, hold and we trade back up to July lows.”
Looking at the trader’s chart, he seems to predict that $APE will rally to $1.80 if it convincingly breaks $1.50. At time of writing, $APE is trading for $1.45.
Another altcoin on the trader’s list is Filecoin ($FIL), a crypto project designed to serve as s digital payment system for file storage and data retrieval. The Flow Horse says that $FIL may see more surges after its move above the key resistance level of $5.
“This is another one. $FIL ripper has not even happened yet.
Up since the post about absorption the other day but not looking clean and full of steam above summer highs.”