The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move marks LBTC’s first integration with a non-EVM blockchain, bringing bitcoin as a collateral in DeFi to a broader ecosystem.
SUI, one of the most closely watched cryptocurrencies, is flashing warning signs as its weekly Relative Strength Index (RSI) dips below the critical 50% threshold, bringing the cryptocurrency to the $2.36 significant support level. This key technical indicator, often used to gauge market momentum, suggests a potential shift in sentiment from bullish to bearish. With the RSI now signaling weakening buying pressure, investors are left wondering: Is this the beginning of a prolonged downturn for SUI? SUI’s Weekly RSI Breakdown: A Sign Of Weakening Momentum SUI’s recent drop in its weekly RSI below the key 50% threshold signals a shift in momentum, raising concerns among traders and investors. The RSI decline below 50% usually suggests weakening buying pressure and growing bearish dominance. This breakdown could indicate that sellers are gaining control, potentially leading to increased volatility and further downside risks. Related Reading: SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure For SUI, this development is particularly significant since the cryptocurrency, which has enjoyed periods of strong upward movement, now faces the risk of a bearish reversal. The RSI breakdown indicates that the market’s enthusiasm for SUI may be waning, possibly opening the door for extended declines. Moreover, SUI’s price has now fallen below the 50% Fibonacci retracement level, signaling a weakening bullish structure. Thus, selling pressure has intensified, making it more challenging for buyers to regain control. If the price fails to reclaim this critical level, the bearish momentum could persist, driving the asset toward deeper support zones and confirming a prolonged correction. Should the RSI remain on a downward trajectory, it could pave the way for a decisive drop below the $2.36 support level. This breakdown may accelerate selling pressure, driving SUI toward lower support zones at $1.59 and $1.42, reinforcing the bearish outlook. What’s Next? Key Triggers That Could Drive A Recovery For SUI to regain bullish momentum, several key triggers must align to drive a potential recovery. A strong bounce from key support levels, particularly near $2.56 or $1.42, might signal that buyers are stepping in to defend the price. When this happens, selling pressure is expected to ease, paving the way for a reversal. Related Reading: SUI In Bear Territory: RSI Drop Suggests Further Downside Risk Another crucial element to watch is the 50% Fibonacci retracement level, which SUI has recently fallen below. A decisive move back above this level would suggest renewed bullish strength and serve as an early sign of recovery. Additionally, an upside move is likely once the RSI starts forming a bullish divergence. Broader market sentiment and macroeconomic factors will play a key role in SUI’s recovery. A shift in Bitcoin’s trend or overall crypto market momentum could drive a rebound, allowing SUI to challenge resistance levels at $2.82 and $3.50. Featured image from Medium, chart from Tradingview.com
Sui (SUI) is showing signs of a potential rebound as its price climbs above the $2.80 mark, sparking optimism among traders. After experiencing a period of downside pressure, the cryptocurrency is attempting to reclaim lost ground, suggesting that bullish momentum may be building. This recovery comes at a critical juncture as maintaining support above this level could pave the way for further upside movement. The rally has drawn attention to whether SUI is gearing up for a more sustained recovery or if this surge is merely a short-lived reaction before another downward move. Despite the optimism, the broader market remains highly volatile, and SUI still faces key resistance levels that might determine the strength of this uptrend. SUI Price Attempts Recovery SUI’s price faced rejection after attempting to push higher, signaling possible weakness in the current recovery attempt. After climbing to the 50% Fibonacci retracement level at $3.079, the cryptocurrency struggled to sustain its upward momentum, encountering resistance that prevented further gains. Related Reading: SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure This rejection has triggered a fresh decline, indicating that sellers are defending key levels. As a result, the asset has started to lose traction, with bearish pressure mounting again. The decline could accelerate, leading to a deeper retracement If the price fails to find support at nearby levels. Furthermore, SUI is still struggling to gain bullish momentum as it trades below the 100-day Simple Moving Average (SMA) and remains under pressure from a key bearish trendline. Typically, this indicates that sellers are still in control, preventing a breakout toward higher levels. A decisive move above these resistance points could signal a trend reversal, but failure to do so may result in more downside pressure. Technical Indicators: A Mixed Picture From a technical perspective, the recent recovery above $2.8 is a promising development. SUI’s Moving Average Convergence Divergence (MACD) shows early signs of a bullish crossover, which could signal upside potential if the momentum continues. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 However, challenges remain with the $3.5 level cited as a significant resistance zone, and a failure to break through hints at renewed selling pressure. Additionally, trading volumes are improving, but are still below their peak levels. In conclusion, SUI must overcome two major hurdles to confirm a meaningful recovery: the 100-day SMA and the bearish trend line. A break above these levels, accompanied by strong volume, might open the door to higher price targets, including $3.0 and beyond. On the other hand, a failure to hold above $2.8 sparks a retest to lower support levels, reigniting the downtrend. Featured image from YouTube, chart from Tradingview.com
Sonic (S), previously known as Fantom (FTM), is leading the crypto market with a significant surge over the daily and weekly timeframes. Analysts noted that the post-rebrand bullish momentum has sent the token to test a key resistance level, which could propel the price to the $1 barrier. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Sonic Leads With Post-Rebrand Bullish Momentum Following the anticipated token upgrade, Sonic’s native token price has seen significant bullish momentum, reaching the $0.80 mark twice. On January 13, Fantom officially rebranded as Sonic, upgrading FTM tokens to S tokens on a 1:1 ratio. Amid the rebrand, the cryptocurrency hit a yearly high of $0.84 before retracing to the $0.50 support in the following days. Over the past month, the cryptocurrency has hovered between the $0.40-$0.60 price range, finally breaking out of this range at the start of this week. Crypto analyst Michaël van de Poppe highlighted that Sonic has been one of the key ecosystems recently, with its Total Value Locked (TVL) surging 300% in less than two months. According to DeFiLlama data, Sonic’s TVL has surged from $405.39 million to $635.31 million in the past seven days. The analyst also remarked S is fully unlocked, unlike other leading altcoins like Solana (SOL) and SUI, and has high throughput and fast settlement. Based on this, he considers Sonic “a true competitor of SOL and likely one to watch for the upcoming year as the price has bounced the strongest.” Sonic has been one of the leading altcoins this week, surging as the best-performing cryptocurrency in the top 100 with its 54.61% weekly increase. Additionally, it has come on top in the daily timeframe, leading the market with its 20% jump in the past 24 hours. S Breakout Hits New High Several market watchers have noted S’s recent performance, suggesting it could continue its bullish momentum. Altcoin Sherpa stated Sonic is “still one of the strongest midcaps there is right now.” The analysts hinted it could surge to higher price targets as FTM hit an all-time high (ATH) of nearly $4 last cycle. Meanwhile, analyst Sjuul from AltCryptoGems pointed out that the cryptocurrency formed a rounded bottom over the past four weeks after falling below $0.60. This Monday, S’s price broke above this key resistance. Over the past three days, Sonic has reclaimed the $0.60-$0.65 price range, confirming the breakout from the one-month downtrend. This performance led S to another 20% surge in the past 24 hours to retest the $0.80 resistance and a new yearly high at $0.87. Related Reading: Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed However, Ali Martinez stated Sonic could see a spike in profit-taking on the horizon. The analyst indicated that the TD Sequential flashed a sell signal on the 4-hour chart after hitting the $0.80 target from its head-and-shoulders pattern. A sell-off could see the cryptocurrency’s price retrace to its $0.60 support zone and retest it. Meanwhile, holding the current level could further propel Sonic’s bullish momentum toward the $1 barrier. As of this writing, S trades at $0.86, a 66% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
SUI is facing mounting pressure as bearish sentiment continues to dominate the market, driving its price toward a critical retest of the $2.8 support level. This key price point has become a focal point for traders and investors, as it could determine the token’s short-term trajectory. Recent market trends have seen SUI struggle to regain upward momentum. The $2.8 level, which has historically acted as a strong support zone, is now being tested once again. A successful hold may signal a potential rebound, while a breakdown may open the door for further downside. The broader cryptocurrency market’s uncertainty with macroeconomic factors has added to the bearish pressure on SUI. Traders are closely monitoring trading volumes and market sentiment for clues on whether the $2.8 level will hold or if the token will face additional losses. Historical Support At $2.8: Will History Repeat Itself? Notably, the $2.8 price level has historically served as a strong support zone for SUI, providing a critical foundation for previous price rebounds, preventing further declines, and fueling upside attempts. As SUI approaches this key level again under heavy bearish pressure, the question arises: Will history repeat itself? Related Reading: Analyst Says SUI Price Could Fall To $1.6 — Here’s Why This $2.8 mark represents a key threshold for investor confidence. Holding this level might restore faith among traders and investors, encouraging accumulation and reducing selling pressure. On the flip side, losing this support could erode trust in the token’s near-term prospects, leading to increased negative sentiment. In summary, the $2.8 level is more than just a price point—it’s a litmus test for SUI’s resilience in the face of unfavorable conditions. Whether it holds or breaks will likely set the tone for the altcoin’s future price action, making it a crucial area to monitor in the coming days. What A Break Below $2.8 Mean For SUI Price Action If SUI fails to hold the crucial $2.8 support level, the negative momentum could intensify, pushing the price toward deeper correction zones. A sustained breakdown below this level would confirm increased selling pressure, potentially leading to declines toward $2.3 or even $2.1, where the next key support levels lie. Related Reading: SUI Inches Closer To $3.9 Support Under Growing Bearish Influence Market sentiment is also at risk if the breakdown occurs, signaling that buyers are stepping back while bears continue to dominate. Additionally, technical indicators such as the 100-day SMA and MACD further validate the downward move. However, if SUI manages to hold above $2.8, a strong rebound may be imminent as buyers defend the level. Therefore, it is important to monitor whether this support holds or if a deeper retracement is in store. Featured image from Medium, chart from Tradingview.com
The SUI price registered its best seven-day performance yet — in 2025 — over the past week. However, the altcoin has ended the week on the worst possible note, declining in value by almost 5% on Saturday, February 15th. What’s more worrying is — the downward pressure appears not to be subsiding for the SUI token, with further losses seemingly on the way. According to popular crypto analyst Ali Martinez, the price of SUI could be on its way down to around $1.6. Here’s Why SUI Could Shed Over 50% In a Feb. 15 post on the X platform, Martinez shared an interesting analysis of the SUI price, shedding light on the altcoin’s current bearish setup. This downward prediction is based on the formation of a head-and-shoulders pattern on SUI’s 12-hour price chart. Related Reading: Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain The head-and-shoulders formation is a pattern in technical analysis marked by three distinct price crests (swing highs), including a higher “head” between two lower “shoulders.” This chart formation usually signals a possible bearish reversal — a shift from an upward price trend to a downtrend. This trend reversal is only valid when the price successfully closes beneath the neckline, which is a trendline connecting the troughs (swing lows) between the head. Meanwhile, the price target is calculated by adding the difference between the swing low (either shoulder) and the swing high (the head) to the breakout point. As highlighted in the chart above, the SUI price seems to be approaching the neckline around the $3 region. Martinez noted that if the price of SUI successfully breaches and closes beneath this level, the altcoin could witness a correction to as low as $1.6. This represents an over 50% decline from the current price point. However, a successful price close above the right shoulder in the head-and-shoulders formation could invalidate the current bearish setup. Hence, investors could see the price of SUI resume its resurgence if it returns above the critical $3.7 level. SUI Price Surges 10% In Past Week After a blistering start to the new year, reaching a new all-time of $5.35 on January 4, 2025, the SUI token has since witnessed a severe market downturn. The top-20 cryptocurrency fell to a low of $2.73 in a market-wide correction triggered by new trade policies of US President Donald Trump. As of this writing, the SUI price stands at around $3.4, reflecting a 5% decline in the past 24 hours. However, the altcoin’s value is up by nearly double-digits (10.6%) in the weekly timeframe, according to data from CoinGecko. Related Reading: XRP Breaks Key Barrier, Surges Past 100-Day SMA And $2.7 Resistance Featured image from Investopedia, chart from TradingView
The crypto market thrives on comebacks and SUI is no exception. Once again, the token is making waves as it rebounds from the key $2.8 support level, reigniting bullish optimism in the market. This level has proven to be a crucial battleground, with buyers stepping in to defend it multiple times. Now, with renewed momentum, traders are watching closely to see if SUI can finally break through key resistance levels and turn this comeback into a sustained rally. The price action suggests growing confidence among bulls, but challenges remain as sellers continue to put pressure at higher levels. A decisive move above resistance could open the door for a stronger push upward, potentially setting the stage for a fresh bullish trend. On the other hand, failure to maintain this strength might lead to another pullback, keeping SUI trapped in its consolidation phase. Bullish Momentum Builds, Will Buyers Finally Take Control? SUI is showing signs of renewed bullish momentum as buyers step in to defend the crucial $2.8 support level. After multiple attempts to push higher, the price action suggests that positive sentiment is gradually strengthening. Furthermore, this growing strength could catalyze a break through key resistance levels and establish a more sustained uptrend. Related Reading: SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Technical indicators are beginning to reflect this shift in sentiment. Currently, the price is climbing toward the 4-hour Simple Moving Average (SMA), signaling increasing buying interest, while the MACD hints at a possible bullish crossover. If buyers sustain this momentum, SUI may break above crucial resistance and trigger a stronger move toward higher price levels. Despite this positive setup, the battle isn’t over yet. Bulls must maintain control and push through key resistance barriers to confirm a trend reversal. If successful, SUI would establish a more stable uptrend, attracting further interest and paving the way for a breakout. Key Levels To Watch As SUI Eyes A Breakthrough As SUI continues to gain upward pressure and eyes a potential breakout, several price levels become crucial in determining its next move. Understanding these key levels can help investors navigate the market and make informed decisions. Related Reading: SUI Strong Resilience Play: Price Push Past $3.9 Resistance On the upside, the $3.5 resistance level is the first key barrier to overcome. A break above this level can fuel a stronger rally, bringing the next major resistance at $3.9. Should bulls manage to push past these hurdles, SUI could target $4.9 and $5.3, signaling a major shift in market sentiment. Meanwhile, traders are also watching momentum indicators like the RSI and MACD, which are showing signs of improvement. A bullish breakout would require strong volume and sustained buying pressure to confirm a trend shift. As SUI eyes a possible breakout, the next few trading sessions will be critical in confirming bulls’ full control of the market. Featured image from YouTube, chart from Tradingview.com
SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the pullback, SUI lost the $4 support for the first time since December, dropping to its lowest price in over a month. The cryptocurrency has been one of the strongest altcoins this cycle, leading the market throughout the Q2 2024 retraces and Q3 rally. This year, SUI has also risen as one of the leading cryptocurrencies, surging above the $5 barrier for the first time and hitting its latest all-time high (ATH) of $5.36 at the start of the month. Since then, the token has hovered between the $4.05 to $5.20 price range. After Monday’s fall to $3.49, the $4 mark acted as resistance, with the cryptocurrency failing to break past it until today. SUI jumped 9.8% to recover the key support zone, bouncing another 5% to $4.2 on Thursday morning. Crypto analyst Carl Runefelt noted that the token is testing its ascending level again after losing it as support. This ascending line has been a key support level over the last few months but acted as resistance after the recent correction. To turn this line back into support and continue its ascending trajectory, SUI must hold above the $4.18 mark. Reclaiming the ascending line could also propel SUI’s price to retest the $5 barrier. SUI’s Price Eyes Double-Digits This Year Patrick Bush, senior investment analyst at asset manager VanEck, shared his outlook for SUI’s long-term performance in a recent competitive analysis against Aptos (APT), which are often compared. According to the analyst, SUI is set to outperform APT this year due to the Network’s advantages, efficiency, and scaling potential, which has translated into a better-priced DeFi ecosystem to market makers: We believe the evidence supports Sui over Aptos due to its performance advantages and scaling potential. We find that It currently offers capabilities that are not replicated in Aptos. Among these are Local Fee Markets, Pilot Fish, and Fast Path. Additionally, Sui may offer a set of technical capabilities and economics that prove more attractive to market markers, resulting in a better-priced DeFi ecosystem. The analysis underscores that SUI’s attractiveness has drawn token investors and application builders, resulting in a better token performance and a more vibrant ecosystem. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Bush also pointed out that the cryptocurrency leads in retail investment: “In Fact, in the last 90 days, global search interest for Sui was higher than it was for Solana on 17 days and higher than Ethereum on 16 days,” he noted. The analyst projected the token to reach a market capitalization of $61 billion by the end of 2025, which would see the price rising to around $16, a 300% increase from the current range. As of this writing, SUI trades at $4.13, a 14% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
SUI has surged past the key $3.9 resistance level, sparking renewed optimism among traders and investors. This breakout marks a crucial shift in momentum, signaling that bulls are gaining control after a period of consolidation. The increasing buying pressure and strong trading volume indicate growing confidence in SUI’s potential for further upside. If the uptrend continues, SUI could set its sights on higher resistance levels, fueling speculation of a sustained rally. However, maintaining this breakout is essential, as failure to hold above $3.9 might invite selling pressure and lead to a retest of lower support zones. A Step Toward A Larger Bullish Move? SUI’s breakout above the $3.9 resistance level hints at a shift in market dynamics, with bulls gaining strength and momentum building for more upswing. This move marks a key turning point since bullish pressure is increasing and sustaining a prolonged rally. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 Furthermore, the breakout has reinforced optimistic sentiment, attracting more traders looking to capitalize on SUI’s upward trajectory. If the price remains stable above this level, it could pave the way for a robust move toward higher resistance zones. With technical indicators aligning in favor of continued gains, the token shows signs of a broader uptrend taking shape. SUI approaching the 100-day Simple Moving Average (SMA) suggests that the market is maintaining its positive sentiment, and buyers are continuing to push the price higher. Should SUI successfully hold above this key moving average, it may act as a support level, providing strength to the uptrend. Additionally, the RSI has recently moved into bullish territory, meaning it is above the neutral level of 50% and approaching the upper half of the scale. This indicates that buying pressure is intensifying, as more traders enter the market to push prices higher. When the RSI rises above 50% and heads toward 70%, it suggests that the asset is gaining strength and could have more room to run before it reaches overbought conditions. What’s Next For SUI After Breaking $3.9? After breaking the key $3.9 resistance level, SUI seems poised for additional growth if the bullish momentum continues. The breakout has shifted market sentiment, attracting more buyers and strengthening the asset’s price trajectory. Related Reading: SUI Shows Strong Bullish Comeback: Breakout Above $4.98 In Sight Moving forward, SUI’s next target will likely be higher resistance levels, potentially around $4.9 or $5.3. However, holding above the $3.9 level will be crucial to maintain the current uptrend. If the price drops below this key level, it might signal a pullback and a retest of lower support zones, such as $3.5. A break below $3.5 would cause a shift in market sentiment and a weakness of bullish momentum. Featured image from Medium, chart from Tradingview.com
Initially launched as a Solana non-custodial wallet, Phantom now also supports the Bitcoin, Ethereum, Polygon and Base blockchains.
The Sui blockchain is making strides in improving accessibility by enabling transactions through SMS. On Jan. 27, Mysten Labs Co-Founder and Chief Cryptographer Kostas Kryptos Chalkias shared a demo showcasing how SMS-based transactions function on the SUI network. Mysten Labs is the developer behind the Sui Layer 1 blockchain network. Adeniyi Abiodun, another Mysten Labs […]
The post Sui blockchain’s SMS feature promises wider adoption in underserved areas appeared first on CryptoSlate.
The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin pegged to the US dollar. This marks the third time in 2025 that the EF has sold ETH, raising concerns among ETH holders about the cryptocurrency’s relatively lackluster price performance. EF Continues To Sell Ethereum, But Analysts Offer Hope In a post on X earlier today, on-chain analytics platform Spot On Chain identified a transaction showing that the EF had offloaded another 100 ETH. As of January 27, the EF has sold a total of 300 ETH for approximately $981,200. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say Naturally, the continued selling pressure from the EF has contributed to Ethereum’s price struggles. Over the past 24 hours, the second-largest cryptocurrency by market cap has fallen by 5.7%, trading at $3,125 at the time of writing. That being said, the EF still holds a substantial amount of Ethereum. According to data from Arkham Intelligence, the non-profit organization owns 269,175 ETH, worth more than $800 million at current market prices. While the EF’s decision to periodically sell ETH has raised concerns among some of the digital asset’s largest holders, seasoned crypto trader CoinMamba believes that all may not be lost for ETH just yet. In a post on X, CoinMamba shared a chart providing ‘some hopium’ for the next two months. According to the analysis, the months of February and March have historically delivered strong returns for ETH holders. The analyst explained that Ethereum has only posted negative returns in February once, back in 2018, when the digital asset had already surged by 50% in January of that year. In February 2024, the cryptocurrency saw a 46.3% increase in price. Crypto trader Crypto Rover shared their analysis aligning with the prediction of ETH appreciating in value over the next couple of months. The trader emphasized that ETH is still in a ‘massive uptrend,’ and there is no reason to panic. Is ETH On The Cusp Of A Rally? Despite being overshadowed for much of 2024 by the likes of SUI, Solana (SOL), and XRP, analysts are confident that ETH has yet to experience a bullish price momentum that could bring it closer to its current all-time high (ATH) of $4,878, recorded in November 2021. Related Reading: Ethereum To Outperform Bitcoin In 2025? Report Predicts $8,000 ETH Price For example, recent analysis by crypto analyst Mister Crypto suggests that ETH has likely bottomed out and a price rally could be imminent for the smart contract platform token. Another analyst pointed out that ETH is completing an inverse head-and-shoulders pattern on the three-day chart, which is considered a bullish signal for the digital asset. However, concerns remain regarding Ethereum’s underperformance relative to Bitcoin (BTC), with the ETH/BTC trading pair hitting four-year lows. At press time, ETH is trading at $3,125, down 5.7% over the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
SUI is steadily approaching the $3.9 level, weighed down by increasing bearish momentum that has put pressure on buyers to defend this critical support. The cryptocurrency’s recent inability to sustain higher levels has amplified concerns, with sellers taking advantage of waning bullish efforts. This has left the market in a delicate balance, where the next move could either stabilize the price or push it further into bearish territory. The $3.9 level has emerged as a vital threshold, and how the market reacts here could set the tone for SUI’s trajectory in the near term. If bulls mount a strong defense, it may pave the way for a potential recovery and attract fresh buying interest. However, a breakdown below this mark might intensify selling pressure, possibly driving the price toward deeper lows. Price Action Near $3.9: Bearish Trend Or Opportunity For Reversal? As SUI approaches the critical $3.9 level, the price action presents a pivotal moment that could shape the future direction of the asset. With bearish pressure mounting, there’s a real concern that the price might breach this support, opening the door for more declines. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 The market’s current sentiment leans toward caution as traders keep a close eye on whether the $3.9 level can hold firm or give way to selling pressure. A sustained drop below this level could signal more downside, with the possibility of further testing of lower support levels. Key technical indicators are raising concerns about a potential breakdown for SUI as it approaches the $3.9 support level. SUI is currently trading below the 100-day Simple Moving Average (SMA), a sign that market sentiment has shifted to the downside. Typically, this development suggests that bearish pressure is mounting, causing extended drops if this negative trend continues. Adding to the bearish outlook is the Relative Strength Index (RSI) currently trading below the 50% threshold, a level that often signals that selling activity is dominating the market. When the RSI falls below 50%, it indicates that the market sentiment is leaning toward a downward trend, reinforcing the possibility of more losses. What $3.9 Means For SUI Future Price Direction When SUI reaches the $3.9 support, it is difficult to determine its next direction. However, should the $3.9 support fail to hold, it could open the door for increased bearish pressure, driving the price toward the next support levels at $2.8 and $2.3. Related Reading: SUI Price Soars 12% In Minutes, Triggering Huge Liquidations: Predictions For The Altcoin Meanwhile, if SUI manages to hold the $3.9 support and bounce back, a reversal or consolidation phase is likely, paving the way for a recovery toward the $4.9 resistance level. A successful breakout above this level may attract additional buying pressure, propelling the price further to challenge the $5.3 mark. Featured image from YouTube, chart from Tradingview.com
Bitcoin’s recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns. Are Whales Losing Faith In Ethereum? While cryptocurrencies like Bitcoin […]
SUI bearish narrative has gained traction as the price slips below the 4-hour Simple Moving Average (SMA), a critical threshold for gauging market direction. The break below this level underscores mounting selling pressure and raises concerns about the asset’s ability to recover in the short term. The 4-hour SMA, previously acting as a support level, now poses a significant barrier to any potential bullish rebound, reflecting a clear shift in momentum favoring the bears. With this development, the likelihood of a continued breakdown tends to increase, possibly pushing SUI toward lower support levels. Traders and investors are closely watching the asset’s ability to stabilize and reclaim lost ground, as failing to do so could open the door for deeper corrections. Nonetheless, a recovery above the 4-hour SMA would be pivotal in reversing the current trend toward an upward trajectory, signaling renewed strength. Analyzing SUI’s Price Action: Signs Of A Deepening Breakdown Current price action reveals that SUI is under significant bearish influence, with the $3.9 support level emerging as a critical juncture. SUI’s breach below the 4-hour SMA has heightened concerns about extended declines as the price struggles to regain upside momentum. Related Reading: SUI Defies Odds With A Sharp Rebound Above $4.9: New Highs Loom? The $3.9 level is presently serving as a potential buffer against steeper losses. A decisive break below this threshold might cause a sustained bearish trend to lower targets. Such a move may also signal growing negative sentiment, leading to increased selling pressure in the market. However, if the $3.9 support holds firm, it could provide a foundation for a rebound. This scenario would hinge on increased buying activity and improved market sentiment, which is likely to push SUI back toward higher resistance levels. Furthermore, the current movement of the Composite Trend Oscillator adds weight to the argument that SUI’s bearish trend could continue toward the $3.9 level. This trend line and the RSI are moving closer to the oversold territory, suggesting increasing downward pressure and the possibility of further declines. Can SUI Avoid Further Declines? SUI is facing heightened market pressure as bearish momentum takes hold with its ability to maintain key support levels now under scrutiny. A breach below the 4-hour SMA has added to the negative sentiment, signaling a potential downward trend. Also, breaking below the $3.9 key support might trigger more drops, bringing the next support zone at $2.8 into focus. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 Meanwhile, if the price maintains its position above $3.9, it could pave the way for a possible rebound, allowing SUI to break through the 4-hour SMA and target the $4.9 resistance level and beyond. Thus far, the coming sessions will be crucial in determining whether SUI can stabilize or succumb to a deeper breakdown. Featured image from YouTube, chart from Tradingview.com
Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
SUI has made an impressive comeback, defying market expectations with a robust rebound that propelled its price above the critical $4.9 level. This sharp recovery following a period of uncertainty, signals renewed strength and growing investor confidence in the asset. The move above $4.9 is not just a technical milestone; it represents a pivotal moment that could set the stage for further gains as market dynamics shift in favor of the bulls. SUI’s recent resurgence has sparked optimism about the potential for new highs, with the break above $4.9 fueling increased market interest. Traders are now closely watching if the token can sustain its momentum and overcome upcoming resistance levels. With technical indicators supporting the rally, the next few trading sessions will be pivotal in determining whether SUI can capitalize on its current momentum or face challenges at higher levels. Bullish Momentum Returns: A Closer Look At SUI’s Rebound After failing to break below the 4-hour Simple Moving Average (SMA), SUI has made an impressive bullish recovery, breaking through the significant $4.9 resistance level. This surge signals a shift in market sentiment as the bulls regain control and push the price closer to its previous high of $5.3. Related Reading: SUI Breakout Alert: Strong Momentum Puts $4.98 Key Level In Focus Its price action highlights a strong rebound, demonstrating the underlying strength and potential for continued upward movement. The 4-hour SMA, which initially acted as a support level now serves as a key reference point for future price action. If the momentum holds and buying pressure remains robust, SUI could not only test its previous high at $5.3 but possibly surpass it, marking new milestones in its bullish trajectory. With the current strength, it is important to keep a close watch on SUI’s next steps to see whether the rally can extend further, leading to even higher price levels. Additionally, SUI’s RSI is signaling continued bullish momentum, suggesting the possibility of more price increases. As SUI climbs above $4.9, the RSI maintains its upward trajectory well away from overbought levels, which indicates that the asset has room for additional gains. This positive RSI trend strengthens the outlook for prolonged upside movement, with the potential to revisit previous highs as long as the indicator continues to show strength and no signs of a reversal arise. Will SUI Achieve Its Next Big Breakthrough? SUI’s price continues to climb, signaling the capability for new highs if the momentum is maintained. With further gains possible, the next target might be a test of the $5.3 peak. As long as SUI stays above $4.9, the bullish outlook remains intact and a breakout looks promising. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 However, a failure to hold above $4.9 may weaken the bullish trend, leading to a shift in sentiment and a decline to $3.9. A breach of this support could dampen the uptrend and introduce downside risks, keeping the market cautious. Featured image from LinkedIn, chart from Tradingview.com
Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
SUI has been going through a remarkable surge recently and has just touched a new all-time high at $5.36. Traders and investors are all attracted to this sudden breakthrough from the resistance level of $4.80. Related Reading: Dogecoin To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why Whether SUI will continue the trend and hit $6 remains the question in the minds of most traders and investors. The next resistance is set at $5.67, and a breakout past that level may give a way to higher prices. The overall market sentiment is good, and it seems the uptrend can sustain itself for much longer. Path To $6 SUI has been strong enough to break above the psychological mark of $4.80, and thus, the same has helped establish a solid support level that the investors are waiting for to increase the momentum to the upside. If SUI can break above the $5.67 resistance, it could just keep on climbing to $6. As for 2025 projections, they vary from $4.4 to $8.8, based on how the market behaves and where investors’ heads are at. That said, the unpredictable nature of the crypto market means a correction could hit at any moment, so caution wouldn’t hurt. Market Sentiment And Expert Insights The strength of SUI’s technical indicators and favorable market view have driven its increase. The general professional study on the token shows quite positive future prospects. Crypto analyst Investing Heaven has noted that more development is yet possible. Will $SUI Continue Its Climb? After a stunning 10x rally, SUI’s long-term chart suggests further upside potential in 2025. The rising trendline is key, acting as a foundation for continued growth. Holding this trendline could guide SUI to its 2025 price target. pic.twitter.com/EJBK4XCGZ6 — InvestingHaven (@InvestingHaven) January 6, 2025 The token’s strong fundamentals and bullish momentum may lead to a breakout toward the $6 level. According to Investing Heaven, technical patterns are in favor, with key moving averages and RSI levels indicating that SUI may continue its upward trend. There is no question that the news on SUI has positive sentiments, though one should recall the crypto market volatility. Corrections due to abrupt shifts in conditions or sentiment might appear at any moment. In general, analysts still believe SUI has solid reasons to navigate these potential blows and continue with a long-term trajectory upward. Related Reading: Bitcoin Target Locked: Metaplanet Eyes 10,000 BTC This Year Volatility & Investor Caution Even though buyers are very excited, they should be careful because the market can change quickly. Because cryptocurrencies are fragile, corrections are possible. As RSI and moving averages rise, they must be watched to see how healthy SUI is. Strong technicals point to a likely upward direction for SUI. If it breaks through $5.67, the altcoin could hit $6. When the market shifts, it’s important to stay alert and careful with all cryptocurrency. At the time of writing, SUI was trading at $5.12, up 0.8% and 23.1% in the daily and weekly timeframes. Featured image from Revolutionized, chart from TradingView
Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.
SUI climbing to $4.98 marks a critical juncture in its market journey, igniting speculation about its ability to breach this key resistance level. This upward momentum has captured the attention of traders and investors, with many eyeing the possibility of a breakout that could propel SUI to fresh highs. The rally showcases strong bullish sentiment, driven by increasing demand and favorable technical setups. A decisive move beyond $4.98 might signal the beginning of a larger trend, positioning the token for further gains and strengthening its presence in the cryptocurrency market. As the price consolidates near this pivotal level, the focus shifts to whether the bulls can maintain their grip and push SUI into uncharted territory. With momentum on their side, the stage is set for what could be a defining moment in SUI’s price action. Analyzing SUI Path To $4.98 Milestone SUI’s rapid climb toward the $4.98 resistance level has captured the attention of traders, sparking anticipation for a potential breakthrough. The cryptocurrency has been riding a wave of bullish strength, with increasing demand and positive sentiment pushing the price higher. As it nears this critical level, the focus shifts to whether SUI can sustain its upward trajectory and break through the $4.98 barrier. Related Reading: SUI Price Soars 12% In Minutes, Triggering Huge Liquidations: Predictions For The Altcoin This milestone is not just a technical challenge; it represents a key psychological point in SUI’s market journey. A successful break above $4.98 may unlock significant upside potential, with the possibility of reaching new all-time highs. Technical indicators like rising volume and momentum oscillators suggest that the rally may have more room to run. However, the path to $4.98 is not without its hurdles. Resistance at this price point could trigger a pullback or consolidation, leading to a test of support levels before another attempt to break through. Potential Scenarios: Breakout Or Consolidation? As SUI approaches the pivotal $4.98 resistance level, a successful breakout above this point might open the door to substantial upside potential. Breaking through this key level may lead to new highs and signify that the bullish momentum is strong enough to drive the price higher. Related Reading: SUI Hits New ATH, Can Bullish Momentum Lead Price To $5 This Weekend? Such a move would reinforce market confidence, signaling continued strength in the trend and possibly attracting more buying pressure from traders and investors looking to capitalize on the upward movement. On the other hand, a failure to break through this key level might result in a consolidation phase, where SUI moves within a defined range as traders reassess the market conditions. During consolidation, the price may pull back to test lower support levels like the $4 mark before making another upside attempt. Featured image from YouTube, chart from Tradingview.com
They cited MEV as a major concern and said if they couldn’t build on Solana, they would opt for either Base or Sui.
The crypto industry begins the year with approximately $7 billion in tokens set to be unlocked throughout January, according to data from Tokenomist (formerly Token Unlock). Crypto unlocks are designed to gradually release cryptocurrencies, often to prevent significant sell-offs by early investors or team members. While this process ensures a controlled flow of tokens into […]
The post January to see $7 billion crypto token unlock amid market uncertainty appeared first on CryptoSlate.
Most traders expect Bitcoin price to hit new highs throughout 2025, and charts suggest ETH, SOL, SUI and AAVE could be the top-performing altcoins this year.
The asset manager has added tokens including HYPE, VIRTUAL, ENA and JITO to its list of the top 20 tokens to watch.
While Ethereum (ETH) has once again failed to break through the stubborn $4,000 resistance level, BlackRock’s iShares Ethereum Trust ETF has quietly accumulated over one million ETH. This milestone reflects strong institutional demand for Ethereum, even as its price performance in 2024 remains lackluster. Institutional Interest In Ethereum On The Rise Year-to-date (YTD), Ethereum – […]
Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.
SUI has shown a remarkable bullish comeback, overcoming earlier setbacks with impressive strength. The cryptocurrency has steadily gained ground, attracting attention. As the price approaches the critical $4.98 resistance, the potential for a breakout looms. A successful move above this level could trigger a new phase of bullish momentum, setting the stage for the token to achieve new highs. Specifically, the $4.98 has been a key barrier in recent trading, and breaking through it would be a significant achievement for SUI. With strong market sentiment building, a breakthrough may inspire more buying pressure, pushing the price even higher. As the asset moves close to this crucial level, the possibility of new record highs becomes increasingly likely, making SUI one of the critical cryptocurrencies to watch in the coming days. SUI Bulls Take Charge Toward $4.98 Threshold SUI is currently demonstrating impressive bullish momentum as its price steadily climbs toward the critical $4.98 resistance level. This price action signals a strong comeback for the token, with bulls steadily regaining control after previous bearish pressure. The $4.98 threshold has emerged as a key point of interest since it represents a potential breakout zone that could drive the price higher toward new highs. Related Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough A successful breach above the $4.98 level would confirm the continuation of the positive trend and attract additional buying interest. This could lead to a shift in market sentiment, with buyers asserting dominance and possibly pushing the price toward the next resistance levels. A Break Above $4.98 Could Signal More Upside SUI’s price has successfully risen above the 100-day Simple Moving Average (SMA), a significant technical milestone that signals a shift in market sentiment. Significantly, this rise above the 100-day SMA indicates that the token may be entering a new bullish phase, as the price action is now trading above a key moving average that has historically acted as support or resistance. It reflects a growing market optimism and signs of stability, raising the potential for a continued upward trend. Also, the Relative Strength Index (RSI) confirms strong upbeat strength for SUI, rising above the 50% threshold to 59%. This suggests that buying pressure is outpacing selling, signaling a shift in the market and a reversal of the recent downtrend. With the RSI in a neutral-to-bullish zone, there is room for further upside if the momentum continues, supporting the case for continued price gains and a break above $4.98. Related Reading: SUI Hits New ATH, Can Bullish Momentum Lead Price To $5 This Weekend? In conclusion, if SUI’s price breaks above the $4.98 level, it could lead to the formation of new highs, implying a strong continuation of the uptrend. However, failure to breach this resistance may result in a consolidation phase or a pullback, suggesting that sellers could still have control over the market and limiting upside potential. Featured image from Shutterstock, chart from Tradingview.com