I'm going to be honest about where I stand right now.
Everyone seems to think that with Bitcoin hovering around $63740, we're due for a correction, but I'm not so sure.
The consensus is that we've got a bull run that's getting a bit long in the tooth, with ETH at $1679 and BTC struggling to break through its recent highs.
However, I think people are ignoring the fact that XRP just posted its strongest session in days, surging to $1.1470 on a sharp volume surge.
This surge, combined with the fact that SOL is up 2.74% to $67.18 and DOGE is up 2.26% to $0.0870, suggests to me that there's still some serious momentum in this market.
I'm looking at the SUI price of $0.7587 and thinking that we might be due for a breakout.
My contrarian read is that we're not due for a correction just yet, and I'm looking to enter a long position if we can hold above $62348, with a stop-loss at $59603 and a take-profit at $66953.
I'm feeling cautiously bullish, and I think we could see some serious gains if we can break through the current resistance levels.
#cryptocurrency #bitcoin #ethereum #blockchain 🚀💰