SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold
SUI, one of the leading altcoins of this cycle, has recorded an impressive price recovery over the past two months. However, as the cryptocurrency fails to hold some key levels, some analysts warn of a potential drop below the $3.00 support. Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? SUI Rally Risks Massive Price Drop Since hitting its four-month high of $4.29, SUI’s price has been moving sideways, hovering between $3.40-$4.00 throughout most of May. Amid last week’s market retrace, the altcoin recorded a 14.2% price drop, losing its....
Related News
ETH price bounced off a major support level, and while $2,000 could be a short-term target, most analysts say it’s just a “relief rally.” On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be too early to expect a reversal.ETH/USDT 1-day chart. Source: TradingViewHere’s a look at what several analysts are saying about the outlook for Ether moving forward and the major support and resistance levels to keep an eye on. A bounce off of major supportThe May 30....
Chainlink has been struggling to gain momentum over the past couple of days, with the ongoing bout of capitulation within the altcoin market, creating far-reaching shockwaves that have impacted LINK. The crypto is now struggling to hold above its $11.00 support level, and some analysts believe that it could be at risk of seeing further […]
Ethereum is trading above $2,600 after a volatile stretch that saw bulls regain momentum and push the price into a key resistance zone. The recent rebound has brought renewed optimism to the market, with ETH now flirting with a potential bullish continuation. Still, the path forward remains uncertain, as analysts warn of a possible retracement before any major breakout can take shape. Related Reading: Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup? Over the past few days, ETH has shown strength, bouncing off local support and reclaiming short-term moving....
Although Bitcoin (BTC) continues to hold steady in the mid-$80,000 range, analysts are forecasting that significant volatility may be imminent for the leading cryptocurrency. That said, most analysts predict a potential price rally for the apex digital asset. Bitcoin Ready To Experience Significant Volatility In a CryptoQuant Quicktake post, contributor Mignolet highlighted that approximately 170,000 […]
As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movements has sparked discussions among crypto analysts regarding the potential future trajectory of Ethereum, particularly in light of Bitcoin’s bullish momentum. Ethereum Bull Run Potential Crypto analyst Ali Martinez recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum could ignite a new bull run if it manages to breach the critical resistance level at $2,330. Martinez emphasized that a....