A top analyst believes that the cryptocurrency Solana (SOL) has a challenger that is flying under the radar and is in the early stages of an uptrend. The analyst, known as The Flow Horse, has shared his insights with his large following on the social media platform X. He suggests that Sui (SUI), a layer-1 blockchain, has ended its downtrend and is showing signs of a bullish reversal. The analyst is particularly interested in assets that have rounded out in the past six months and have reclaimed key volume levels. SUI is currently trading at $0.65, down nearly 3% in the last 24 hours. The analyst also highlights the potential for Solana itself, noting that it looks bullish after market participants stepped in to accumulate the dip when it dropped to a weekly low of $52.21. The analyst sees this as a very bullish correction and believes that the spot market is buying everything, indicating a positive outlook for SOL. At the time of writing, SOL is valued at $58.30.Another altcoin on the analyst’s watchlist is Chainflip (FLIP), an automated market maker (AMM) that aims to provide users with low slippage for native cross-chain swaps. The analyst believes that FLIP may experience more rallies as it gets listed on additional crypto exchanges. FLIP is currently worth $6.04.In terms of Bitcoin (BTC), the analyst expresses skepticism about its recent rally to a new 2023 high of $38,189. The analyst suggests that traders may be fueling this surge by selling their altcoins to participate in BTC’s upward movement. However, the analyst questions the sustainability of this rally and believes that it will be challenging for BTC to maintain its momentum above $40,000.Overall, the analyst provides insights into various cryptocurrencies, highlighting potential opportunities and trends in the market.