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.”
At time of writing, FIL is worth $5.40.
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Generated Image: Midjourney
