
SUI Price Hints at Rebound as Key Support Holds – Is a Climb to $3.40 Next? - The price of SUI is currently hovering around $2.80, following a broader market cooldown. Despite the pullback, technical patterns and blockchain activity hint at a potential trend reversal, possibly setting the stage for a rally.
SUI is approaching a crucial support area defined by Fibonacci retracement zones. According to crypto analyst Man of Bitcoin, the token appears to be forming a classic 1-2 Elliott Wave structure—typically a setup that precedes a strong upward move.
His analysis highlights a corrective range between $2.62 and $1.87, with a key invalidation point at $1.718. These price bands, especially between the 0.618 and 0.786 Fibonacci levels, are commonly seen as zones where bullish reversals can begin. SUI has entered a phase of tight price movement and decreasing volume—signs that often precede a breakout after accumulation.
As long as the price stays above $1.718, the bullish structure remains intact. If this support continues to hold, there's a strong chance SUI could make a move toward $3.40 or potentially higher.
This current price setup bears resemblance to early 2024 trends, when several altcoins reversed from similar zones and gained as much as 40% within two weeks.
Further reinforcing the bullish thesis, analyst Waleed Ahmed has pointed out that SUI is now sitting atop a long-term "breaker block" between $2.30 and $2.80. This price region acted as a ceiling in March 2025 but is now being retested as a support floor—a common bullish signal in technical analysis.
The daily Relative Strength Index (RSI) has dipped below 40, an area that has historically marked turning points for SUI. If RSI begins to recover and crosses above 50 while the price remains within the breaker block, it could trigger the next major leg upward.
Volume metrics also show declining sell pressure, which typically accompanies the tail end of a downtrend. If buying interest returns near $2.70, SUI could plausibly revisit the $3.40 resistance level in the near future.
SUI Price Hints at Rebound as Key Support Holds – Is a Climb to $3.40 Next?
Beyond price charts, SUI’s on-chain fundamentals are showing notable growth. According to Artemis, SUI processed a whopping $40.07 billion in stablecoin transactions between June 9 and 15, surpassing Solana's $35.53 billion in the same period. It’s the first time SUI has led in this metric.
Stablecoin transfer volume is often viewed as a reliable indicator of actual network activity. The surge points to growing demand for SUI’s DeFi capabilities and high-throughput infrastructure.
As more developers migrate liquidity to SUI for its lower transaction fees and seamless performance, the network continues to build a strong foundation. This kind of usage growth helps stabilize price, even amid market corrections, and often precedes an increase in total value locked (TVL) across the ecosystem.
With ongoing developments and scaling plans, SUI is positioning itself as a serious Layer 1 contender for the next bull phase.
SUI recently climbed to 12th place in overall market capitalization, reaching $9.57 billion. Over the past 24 hours, the token has recorded a trading volume of $965.8 million.
Its fully diluted valuation stands at $28.17 billion, with a circulating supply of 3.39 billion tokens out of a total 10 billion. The volume-to-market cap ratio of 10.18% suggests healthy trading activity relative to its size.
Despite a 16% decline over the past week, SUI remains within its broader consolidation pattern. While the token peaked above $4.40 in April 2025, current signals indicate it may be entering a new phase of accumulation—potentially setting the stage for another breakout.
Related Reading : https://www.topcoinindex.com/news/bitcoins-finally-waking-up-xrps-got-a-cliffhanger-and-dogecoins-on-the-ropes
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21 June 2025
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21 June 2025
Is Ethereum Gearing Up for a Bullish Breakout? Key Price Targets to Watch - Ethereum's price has recently shown signs of recovery, climbing back above the $2,500 mark after briefly dipping to a low of $2,440. This pullback follows last week’s high of around $2,770. While some may view this as a typical correction, crypto analyst Klejdi Cuni believes it fits well within a larger, bullish narrative that may be unfolding.
According to Cuni, who shared his analysis on TradingView, Ethereum appears to be setting the stage for a new upward trend. He highlights the $2,440 region as a critical support level, where buyers seem to be accumulating. This zone holding up reinforces the idea that a bullish setup may be forming.
In his daily chart analysis, Cuni pointed to a pattern characterized by higher lows and a steady resistance line at the top — resembling an ascending channel. This kind of technical structure often signals increasing buyer strength and the potential for an upward breakout.
Ethereum's recent rebound to the $2,660 range suggests momentum is building. If it can push beyond the current resistance, the next major price milestone could be $2,800 — a level that aligns with the upper limit of the identified channel and serves as the first key breakout point.
Should Ethereum manage to push through the $2,800 barrier, it could trigger a broader bullish wave. Cuni outlines several targets traders might want to keep on their radar. The first major level is $3,300 — a significant price point that previously acted as resistance in late January 2025 before ETH was pushed lower in early February.
A successful breakout above $3,300 would be a strong signal of renewed buying interest and could pave the way for further gains.
Is Ethereum Gearing Up for a Bullish Breakout? Key Price Targets to Watch
If the bullish momentum holds, the next target on the horizon is $3,800. This level holds particular importance, as it lines up with a prior order block from early January — an area where Ethereum faced strong rejection while attempting to reclaim $4,000. Breaking through this zone would indicate that market sentiment is turning decisively positive on larger timeframes.
Looking further ahead, the analyst sets a longer-term price objective of $4,500. While this wouldn’t quite surpass Ethereum’s all-time high of approximately $4,878, it would mark a near-complete recovery from the previous bear market and signal a strong return of bullish momentum in this cycle.
At the time of writing, Ethereum is trading at $2,521, reflecting a modest 0.7% decline over the past 24 hours. However, with key support levels holding and bullish patterns emerging, traders and investors alike are watching closely for signs of a confirmed breakout.
Related Reading : https://www.topcoinindex.com/news/shib-is-getting-smacked-eth-looks-ready-to-pop-and-btcs-100k-floor-is-looking-sketchy
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20 June 2025
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