SUI Sees Tightest Bollinger Bands Ever as FET Prepares to Breakout of a Multi-Month Symmetrical Triangle
- SUI sees tightest Bollinger Bands ever and prepares for 150% to 200% pump.
- FET prepares to breakout of a multi-month symmetrical triangle.
- Several altcoins show strong bullish indicators, signaling altseason peak phase arrival.
Expectations for altseason to make its long-awaited debut are growing stronger than ever. With Bitcoin Dominance showing signs of topping again, analysts are certain altcoin prices will surge soon. Already, several altcoins are printing highly bullish signals on their price charts. To highlight, SUI sees tightest Bollinger Bands ever as FET prepares to breakout of a multi-month symmetrical triangle.
SUI Sees Tightest Billinger Bands Ever
The ongoing bull cycle has been quite the rollercoaster for BTC and ETH traders, however, for altcoin traders, it has been a long and tedious wait. Initially, based on historical factors, the peak altseason phase was expected to arrive in Q1 of 2025, instead, due to Bitcoin’s early pump this cycle, this period experienced a brutal correction phase, leading to a long delay for the cycle’s highly anticipated altseason.
Although analysts saw the correction phase as reestablishing a much healthier crypto market, which allowed Ethereum to bottom and then make a steady climb until it hit its first ATH this cycle in Q3. The slow pump also gave traders and investor a golden opportunity to accumulatethe most promising and potent altcoins that could surge dramatically when the peak phase of the altseason would finally arrive.
To highlight, a few altcoins, besides ETH, also managed to set new ATHs so far in the ongoing bull cycle. To highlight, ONDO, FET, and SUI all set new ATHs last year, while BNB and SOL set new ATHs this year. Now, both SUI and FET look ready to make another bullish pump of their own. As we can see from the post above, the 1-week SUI chart marks how the Bollinger Bands are the tightest ever in SUI’s history.
The analyst goes on to state that the last two times when this indicator hit the 63 level, the price of SUI experienced massive price pumps. In detail, these were a pump of over 253% between December 2023 and March 2024 and a pump of over 404% between September 2024 and December 2024. Now, the analyst believes SUI is preparing to make another pump of 150% to 200% in the coming days ahead.
FET Prepares to Breakout of a Multi-Month Symmetrical Triangle
Similarly, another analyst notices how FET is about to breakout of a multi-month symmetrical triangle on the 2-day chart, with volatility compressing since February. A move out of this structure typically leads to strong expansion, especially after prolonged consolidation like this. If the price of FET breaks and holds above $0.70, the next upside targets are $0.88, $1.12, and $1.38.
