A crypto strategist says there are more price hikes ahead for decentralized exchange (DEX) Sushi token and Apecoin’s APE, the digital asset linked to the NFT collection Bored Ape Yacht Club.
Anonymous analyst The Flow Horse says that SUSHI looks bullish after reclaiming the key price level of $1.
He believes that Sushi can increase up to 76% compared to current levels.
“SUSHI confirms return to 2022 range lows. I expect at least $1.50, then $1.80. Another beautiful technical setup.”
Next is Apecoin, a currency that traders say is preparing for a breakout price increase.
“I think it’s time for APE to follow suit. Things have been pretty quiet while the pump cycle has passed. I expect prices to be much higher in the near future. $1.50 is a key level, hold.”
Looking at the chart, it seems traders predict that APE will rise to $1.80 if it breaks $1.50 convincingly. At the time of writing, APE is trading for $1.46.
Another altcoin on the trader’s list is Filecoin (FIL), a cryptocurrency project designed to serve as a digital payment system for file storage and data retrieval. He said FIL could see more upside after breaking above the key resistance level at $5.
