The crypto market is down sharply on Wednesday, as last quarter’s economic data shows negative GDP growth and a sharp increase in PCE inflation.
Despite the bearish economic outlook, smart money investors are buying the dip, owing to the soaring global liquidity. Many among them believe that Sui could be the best crypto to buy on the dip, owing to its high relative strength and strong fundamentals.
Sui price predictions from prominent traders suggest that sidelined investors may have one last opportunity to buy at relatively low prices before a potential explosive bullish reversal in the weeks beyond.
Sui Price Prediction — Here’s When To Buy The Dip
Sui’s bullish momentum isn’t in doubt. It was one of the strongest gainers during the broad-based rally in late April — a reliable sign of a top performer ahead of a new bull market.
The $SUI price appreciated by nearly 127% from its April 7th bottom, trading as high as $3.86 earlier this week. It even surged past its 0.382 Fibonacci level, a feat even Fartcoin failed to accomplish despite its explosive rally.
Prominent analysts believe that Sui isn’t done just yet.
Sui price prediction from Solberg Invest indicates that the asset is still on the trajectory to hit $5.30 in the mid-term. Traders like Crypto Gem project that $SUI is headed to $10 in the long term.
Considering its high upside potential, sidelined investors could buy at today’s price without much thought, especially if they are interested in buying spot. However, savvy players looking to maximize their returns can wait for a better entry point.
For instance, $SUI’s macro 0.382 Fibonacci level sits at $3.12, while the 0.382 Fib from its April rally aligns closely at $3.06 — both strong candidates for a local bottom.
Prominent analyst Nebraskangooner remains short-term bearish on $SUI, forecasting a pullback to $3.20 under conservative estimates — and as low as $3 in a more aggressive scenario.
Sidelined investors who aren’t interested in the exact bottom — a smart choice considering the high market volatility — could consider DCAing into $SUI in the $3 – $3.20 range.
Solaxy, BTC Bull Also Among The Best Cryptos To Buy
Smart money investors aren’t underestimating small-cap crypto assets. The soaring global liquidity suggests that a bull market is imminent, and early buyers will have plenty of opportunities to secure 10x to 100x gains with low-cap gems.
For instance, BTC Bull (BTCBULL), a unique Bitcoin-themed meme coin, has caught the attention of whales.
Unlike most new meme coins, BTCBULL has long-term viability, considering it has tied itself to Bitcoin’s price trajectory. Its holders will earn free Bitcoin when the BTC price hits certain set milestones.
Additionally, they will also benefit from token burn events, BTCBULL airdrops and staking rewards.
Owing to its unique concept and small market cap, analysts are calling BTC Bull the next 100x meme coin.
Similarly, Solaxy (SOLX) is another low-cap coin that is being viewed by influencers as one of the best cryptos to buy.
The SOLX presale has already raised over $32 million in short order behind strong whale demand.
Similar to BTCBULL, SOLX is a long-term investment. It is the first prominent Solana Layer-2 chain, which experts believe has a strong chance of becoming a key part of the Solana ecosystem.
Solaxy’s high upside potential has also impressed smart money investors, considering the top Bitcoin and Ethereum Layer-2s have multibillion-dollar valuations.
Unsurprisingly, early buyers are eyeing up to 10x investors from SOLX, especially in the upcoming bull market.
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