SUI and is climbing, while Bitcoin exceeds $ 96,000, outbreaks signal maximum stands for 2025
SUI and is climbing, while Bitcoin exceeds $ 96,000, outbreaks signal maximum stands for 2025

- The increase in the old coins takes place in the course of a wider rally that was triggered by Bitcoins new milestone.
- The daily diagram for SUI shows a bull flag pattern that is often regarded as a continuation signal for upward trends.
- After the token had fallen under $ 0.14 at the beginning of the year, he reversed its downward trend.
When Bitcoin exceeded the $ 96,000 this week, interest in the Altcoin market was rekindled.
belong to the token that gain a lot of driving, SUI and are, both of which show outbreak signals after months.
Since the bulls regain control and the general market development becomes optimistic, analysts now observe exactly these two tokens to see whether they can test their respective highs in 2025.
Solana, another top 10 cryptocurrency after market capitalization, has also recaptured levels of over $ 150, which has contributed to a new enthusiasm for smaller tokens like SUI.
The current price movements indicate a growing accumulation among the dealers, since technical patterns indicate continued bullish momentum.
SUIS target of $ 4 comes into focus
Sui, the native Token of the Layer 1 blockchain of Mysten Labs, shows signs of a breakthrough from its recent consolidation phase.
After he rose by 60 % in a short time, the token was able to avoid correction and instead consolidated more than a week in a narrow area.
This band-bound behavior has now transformed into a bullish outbreak, supported by technical indicators.
The daily diagram for SUI shows a bull flag pattern that is often regarded as a continuation signal for upward trends.
The price is now approaching the resistance around $ 4, which will be the next big test.
Source: Coinmarketcap
In the meantime the 50-day average has turned into the positive and confirms a possible bullish reversal.
The MACD shows, although a decline in the purchase volume can be seen, it remains above the zero line.
a golden cross-where the 50-day average over the 200-day average crosses-can also occur in the near future and strengthen the bullish argument.
Despite the occasional declines in the trading volume, the course development of SUI indicates that investors are still intact.
If this trend continues, the token could aim to achieve a new all-time high from closer to $ 7, especially if Bitcoin remains at its current support level.
Se-bulls address the breakthrough at $ 0.5
Being also turned out to be a strong winner in the current cycle.
After the token had fallen under $ 0.14 at the beginning of the year, he reversed its downward trend and forms a pattern from higher highs and higher lows.
is particularly noteworthy that it has broken through the bear's gauss channel in the chart-a movement that is typically interpreted as the beginning of a longer-term upward trend.
Volume indicators, especially the chaikin Money Flow (CMF), show a clear increase in capital inflows in.
The CMF has exceeded the zero for the first time in weeks, which indicates an increased interest of investors.
with resistance level at $ 0.32, $ 0.40 and $ 0.44 that come into view.
Source: Coinmarketcap
A movement over the range of $ 0.48–0.50, which marks a significant resistance area, could trigger a fresh increase.
If the momentum lasts and the market conditions remain favorable, it could be well on the way to reach the 1 $ mark by mid-2025.
This would be a profit of more than 7 times compared to the previous lows, which would make it one of the outstanding performers of the cycle.
Technical indicators support further profits
Both tokens show convergence over several important indicators. Sui’s RSI remains in the neutral area, which leaves space for increasing courses.
On the other hand, it has just exceeded the bullish area, which indicates that his rally may be still in the early phase.
Market observer now focus on the next few days to receive confirmation of the trend continuation.
While external factors such as macroeconomic mood, US regulation decisions and the volatility of Bitcoin will continue to influence the prices, the charts for SUI and are a positive technical view in the short to medium-term area.
Kommentare (0)