Altcoin Sherpa Predicts 'Explosive' Rallies for Aave (AAVE), Turns Bullish on Solana (SOL) Competitor Sui (SUI)

The pseudonymous analyst tells his 215,400 followers on the social media platform that the native token for lending platform Aave (AAVE) could soon spark another leg up.

renowned crypto strategist is keeping a close watch on one decentralized finance (DeFi) altcoin, which he believes is setting the stage for “explosive” rallies.

The pseudonymous analyst, known as Altcoin Sherpa, shared his insights with his 215,400 followers on the social media platform X, discussing the potential upcoming rally in the native token of lending platform Aave (AAVE).

According to the strategist, AAVE has been consolidating within a crucial trading range, and its next move could be a strong breakout. He previously predicted the initial rally in AAVE, entering a trade on September 8th, but later exited the position.

“AAVE’s true move coming again soon. I caught it [on September 8th] but am out (just as a scalp). I think a more explosive move is going to come though…lots of compression. Of course, we need BTC to play nice first but eyes on AAVE.”

At the time of writing, AAVE is trading at $137, showing a surge of over 11% in the last 24 hours.

Next, the analyst highlighted his bullish stance on Solana (SOL) competitor Sui (SUI). He anticipates that SUI might experience a dip to the Fibonacci retracement level at $0.87, which could serve as a prime entry point for traders looking to capitalize on the bullish momentum.

“$0.87 would be a good entry for SUI.”

SUI is currently trading at $0.91, with a slight decline in the last 24 hours.

Finally, the analyst discussed the potential continuation of the Artificial Superintelligence Alliance (FET) rally following its breakout. He noted that the token might continue its uptrend, presenting opportunities for traders.

“Nice move up for FET [September 8th]; to be determined if this has the juice to go higher. Would definitely take some off at $1.21ish though.”

FET is trading at $1.16, showing a rise of over 9% in the last 24 hours.

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