bitcoinlfg

Tag: bulls

  • NEAR surges 24% as bulls break key resistance

    NEAR surges 24% as bulls break key resistance

    Bitcoin Soared Amid Wall Street Gains

    • NEAR price rose more than 20% to highs of $2.34.
    • The uptick comes amid gains for several altcoins despite ongoing crypto market weakness.
    • Bulls reclaiming the $2 mark could allow them to target $4.6 for a fresh 100% rally.

    NEAR Protocol’s native token has skyrocketed 24% in the past 24 hours, shattering a persistent resistance barrier and reigniting investor enthusiasm amid broader cryptocurrency volatility.

    NEAR currently trades at $2.27, slightly off the intraday high of $2.34 that marked its highest level since mid-October.

    Gains signal a potential shift in sentiment as multiple tokens eye bounce, including Tezos (XTZ).

    NEAR price today

    NEAR’s bullish performance has seen the token climb from lows of $1.83 to fresh highs of $2.34 in the past three days.

    Although the price is slightly off the intraday peak, market data shows aggressive buying.

    Per CoinMarketCap data, the token’s daily trading volume increased by over 300% to $753 million.

    It’s a significant show of conviction from bulls and the main metric behind the NEAR price breakout.

    Ostensibly, the move saw bulls decisively clear the $2.00 psychological resistance, allowing them to target fresh momentum.

    This outlook could gain additional tailwinds from parallel developments in the privacy sector.

    In particular, this is a market where Zcash (ZEC) has exploded nearly 700% in the past month, drawing renewed attention to shielded transactions and anonymous DeFi.

    Zcash’s resurgence is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.

    Zcash’s official Zashi wallet has deepened its integration with NEAR Intents, enabling seamless on-ramps and off-ramps for shielded ZEC conversions from assets like BTC, SOL, and USDC.

    For NEAR, the linkage amplifies its appeal as the “blockchain for AI,” where Intents not only streamlines interoperability but also embeds privacy-by-design features.

    As Zcash’s shielded pool nears 30% of its supply, NEAR benefits from the spillover, with ecosystem projects like OceanPal committing $120 million to treasury-backed intents.

    Is NEAR price poised for a 100% bounce?

    The technical outlook for NEAR paints a decidedly bullish picture, with key indicators aligning for a possible 100% bounce from current levels toward $4.60.

    The Relative Strength Index (RSI) on the daily chart has surged to 51, hitting neutral territory after dipping into oversold readings of 28 on Nov. 4.

    Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has flipped positive, with the line crossing above the signal.

    This suggests a potential bullish divergence, similar to what preceded NEAR’s June-July rally from $1.97 to $3.12.

    Trading volume, already elevated, shows sustained spikes, averaging the breakout above $2.00 as genuine rather than a fleeting pump.

    A sustained hold above $2.30 could trigger a breakout.

    NEAR Chart
    NEAR price chart by TradingView

    However, downside risks remain as the price hovers near $2.00.

    If the confluence of current support fails, bears could push the token’s value well below the psychological mark.

    Nonetheless, as Zcash’s boom reflects demand for secure, intent-based DeFi, NEAR stands to benefit from traction.

    Share this article
    Categories
    Tags



    Source link

  • Plume price forecast: SEC transfer agent nod boosts bulls

    Plume price forecast: SEC transfer agent nod boosts bulls

    Plume Surges

    • Plume price gained by 15% as bulls reemerged amid overall market bounce.
    • The news that Plume has registered a transfer agent adds to bulls’ positivity.
    • Bulls could target its all-time high of $0.24.

    Plume Network’s native token, PLUME, has surged double digits to hit highs of $0.13 amid regulatory tailwinds related to the US Securities and Exchange Commission (SEC).

    The platform’s registration as a transfer agent with the SEC puts Plume in position as a compliant gateway for tokenized real-world assets, a move that could trigger fresh interest in its token.

    Plume secures SEC nod as transfer agent

    At the heart of PLUME’s ascent is Plume Network’s recent registration with the SEC as a qualified transfer agent for tokenized securities, announced on October 6.

    This designation marks a critical evolution for the modular Layer-2 blockchain, which specializes in real-world asset finance (RWAfi).

    As a registered entity, Plume can now legally oversee the issuance, transfer, and record-keeping of digital securities directly on-chain. It opens the door to seamless integration with established U.S. financial infrastructure.

    Traditionally, transfer agents serve as custodians for shareholder registries. Key features include handling ownership transfers, dividend distributions, and corporate actions in off-chain environments.

    However, legacy institutions dominate this space.

    Plume’s innovation lies in automating these processes via distributed ledger technology, ensuring immutable transparency while linking capitalization tables to SEC reporting systems and the Depository Trust & Clearing Corporation (DTCC).

    As adoption grows, Plume’s status could catalyze trillions in on-chain migration. It’s role in fostering interoperability between TradFi and blockchain ecosystems has the potential to drive gains.

    Plume Network price gains 15% to signal potential rebound

    As the cryptocurrency markets show renewed bullish sentiment, PLUME has surged to multi-week highs with 15% gains putting it among the top performers in the market.

    Trading data indicates the push to intraday highs of $0.13 followed a bounce from lows of $0.10.

    Notably, PLUME went vertical on Monday as news of its SEC milestone hit the market, helping bulls navigate a key resistance level that has marked a prolonged period of consolidation.

    That supply zone between $0.09 and $0.105, for much of the prior week, constrained bulls.

    Broader market uncertainty amid macroeconomic pressures are two crucial factors.

    However, as Bitcoin bounced to highs of $126,198 and a new peak, investor confidence in Plume’s ecosystem helped the altcoin higher.

    Overall upward momentum for tokenized real-world assets (RWAs) added to the optimism.

    What next for PLUME price?

    While price has retreated to lows of $0.11, a retest of the $0.10 area and potentially $0.09 may offer a new opportunity for bulls to decisively bounce.

    The surge in daily trading volume, which is up 786% to more than $235 million, signals to the robust liquidity and market activity.

    PLUME chart by TradingView

    Bulls could eye $0.24, the Plume token’s all-time high reached in March 2025.

    The price action has also rippled through correlated assets, with other RWA-focused tokens like Ondo Finance.

    As Plume revealed its SEC nod, Ondo Finance also benefitted from upside momentum. For this token, gains came amid news that the platform had officially finalized its acquisition of Oasis Pro.

    The milestone sees Ondo secure its approval for SEC-registered broker-dealer, ATS, and transfer agent.

     

    Share this article
    Categories
    Tags



    Source link

  • Fluid price jumps 50% after Upbit listing: bulls target $10

    Fluid price jumps 50% after Upbit listing: bulls target $10

    • Fluid price soared by more than 50% in 24 hours to hit highs of $9.33.
    • Technical strength and other catalysts may see bulls target a breakout above $10.
    • However, overbought conditions signal a potential pullback.

    Fluid (FLUID) price spiked by more than 50% in 24 hours as Upbit, South Korea’s top cryptocurrency exchange, added trading support for the DeFi protocol’s native token.

    The listing of the lending protocol’s token injected fresh momentum. It added to an upbeat sentiment that aligns with Fluid’s expansion to the Solana ecosystem.

    Upbit listing sends Fluid (FLUID) price up 50%

    Upbit is South Korea’s largest crypto exchange, and its move to list FLUID with trading pairs for Korean won, Bitcoin, and USDT triggered an immediate price rally.

    Upbit, dominant in South Korea, often sees significant spikes in trading volume for new assets, and Fluid did not buck the trend.

    The altcoin’s price jumped by more than 50% within hours, allowing bulls to retest bears’ resolve above the $9.00 mark.

    It’s the first time the lending protocol has climbed to these levels since February 2025.

    The altcoin traded around $8.20 at the time of writing.

    Per CoinMarketCap, an initial trading volume surge for FLUID recorded an impressive 1,600% spike to over $34.5 million.

    With South Korean traders, known for their aggressive buying strategies, flooding the buying zone, it’s no surprise liquidity is exploding.

    Some notable tokens to record price and volume surges on Upbit listing include RedStone, Flock, Omni Network, and Treehouse.

    Further price gains will extend Fluid’s gains as the community also cheers expansion to Solana. FLUID is live on Jupiter exchange, powered by Meteora.

    The uptick in price comes as the total value locked/price ratio for Fluid shows a remarkable increase of over 185%.

    What’s next for Fluid price? Bulls target breakout above $10

    Gains across the board align with a surge in bullish calls for FLUID, which has a score of 89% on CoinMarketCap. This outlook reflects on the technical front.

    The moving average convergence divergence indicator (MACD) signals a bullish crossover while the relative strength index hovers at 71.

    On the 3-hour chart, FLUID is showing signs of a strong breakout after an extended period of consolidation and downward pressure.

    The Bollinger Bands have widened sharply following a prolonged squeeze, a move that often points to heightened volatility ahead.

    Based on the height of the previous consolidation range, the breakout projects a potential upside target in the $8.50–$9.00 area, with initial resistance expected near $7.50.

    A confluence of these and other factors suggests further gains into the overbought territory.

    FLUID chart by TradingView

    Contingent on broader market sentiment, FLUID could break above $10 and target a 100% leg up towards $20.

    The all-time high of $29.36 reached in 2021 remains a big target for buyers.

    However, broader market weakness amid macroeconomic and regulatory headwinds might see bears seize on the opportunity.

    Otherwise, key support levels remain around $5.10 and $3.40.

    Share this article
    Categories
    Tags

    Source link

  • Avalanche price: AVAX holds $30 level as bulls target channel breakout

    Avalanche price: AVAX holds $30 level as bulls target channel breakout

    • Avalanche (AVAX) price is in the green on Tuesday morning, with bulls hovering above the critical level of $30.
    • Most cryptocurrencies trade at key levels amid the broader market’s anticipation around the Federal Reserve’s meeting and interest rate decision.
    • Institutional interest also continues to grow, with Bitwise filing for an Avalanche spot exchange-traded fund with the US Securities and Exchange Commission.

    Avalanche price eyes breakout above $30

    While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

    The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

    It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

    Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

    Avalanche price chart by TradingView

    From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

    While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

    Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

    The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

    Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

    Bitwise AVAX ETF filing and Fed decision

    Compounding the technical optimism are recent regulatory and macroeconomic trends.

    One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

    This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

    VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

    Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

    The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.

    Share this article
    Categories
    Tags



    Source link

  • Tornado Cash price forecast: TORN retests key level as bulls eye $20

    Tornado Cash price forecast: TORN retests key level as bulls eye $20

    Tornado Cash

    • Tornado Cash price retests supply wall at $12 with 6% spike in the last 24 hours.
    • Overall bounce for top coins has seen TORN price rebound from lows of $11.50 to retest the key resistance area around $12.40.
    • The technical picture is bullish with TORN looking to break above a key ascending triangle pattern on the daily chart.

    Tornado Cash (TORN), the governance token for the Ethereum-based privacy protocol, recently in the headlines for a court verdict on one of its co-founders, is trading at a key level after bouncing off recent lows.

    With the broader cryptocurrency market displaying resilience, and analysts forecasting a recovery in Q4, is TORN’s price action set for further gains?

    Could bulls retest the $20 last seen in January 2025?

    Tornado Cash price retests $12 hurdle

    As cryptocurrencies struggled amid bearish pressure on Monday, Tornado Cash traded lower alongside other tokens.

    However, with top coins recouping some gains, TORN rebounded from lows of $11.50 to climb to the key resistance area around $12.40.

    Notably, this is a level that has previously provided a significant supply wall for TORN.

    A retest of the area comes with price action that mirrors that of the broader market bounce as both Bitcoin (BTC) and Ethereum (ETH) bounce to key levels after experiencing dips on Monday.

    BTC, which briefly fell below $108k, has regained ground to trade above $110k.

    Meanwhile, ETH, down from its new all-time high above $5k, has stabilised above $4,400 as bulls keep bears off.

    TORN’s upward move aligns with this renewed market optimism, as the token tests the $12.40 resistance zone.

    As noted, this level has historically acted as a barrier, having thwarted bulls in December 2024 and January 2025.

    In the past 24 hours, Tornado Cash crypto is up nearly 6%.

    However, its 24-hour trading volume is a mere $84.9k, with this up 3% from the previous day to signal minimal market activity.

    Tornado Cash price forecast: Is $20 next?

    The technical outlook for TORN is increasingly bullish, with the token forming an ascending triangle pattern on the daily chart.

    Tornado Cash chart by TradingView

    Analysts associate this pattern with potential breakouts, and the $12.40 resistance level is critical in this respect.

    If there’s a decisive close above this point, momentum could propel TORN toward the next significant resistance at $20.

    Looking at the chart, the Relative Strength Index (RSI) currently sits at 57.

    Year-to-date highs of $27 and the November 2024 peak of $39 could be the next targets.

    If TORN fails to decisively breach $12, it may retreat to the $10 support level. A robust buy zone is around $7.20.

    Share this article
    Categories
    Tags

    Source link

  • XRP price forecast as bulls and bears face off near $3

    XRP price forecast as bulls and bears face off near $3

    XRP Price Outlook

    • XRP price hovered around $2.88 after this week’s dip.
    • After a broader market downswing, XRP losses have hit 10% for the past seven days.
    • Bulls face pressure near $3 but tailwinds could help them rip to a new peak.

    XRP trader around $2.88 with buyers trying to flip positive amid downside pressure, with sellers having taken out bulls near the $3 mark.

    As the Ripple token grapples with bearish sentiment that cuts across a volatile cryptocurrency market, weekly losses have jumped to over 10% and XRP risks further losses.

    But could positive developments, including regulatory clarity and growing institutional interest, provide tailwinds for XRP’s potential rebound?

    XRP price dips as weekly losses mount

    XRP has declined by about 10% in the past week, and is trading around $2.88 as of writing on August 21, 2025.

    The dip sees the Ripple cryptocurrency extend its drift from recent highs of $3.40, with downside action over the past week exceeding -10%.

    Notably, this sees XRP form a downtrend line and slip below its 50-day simple moving average. As a critical technical indicator, this slip under the 50 SMA signals weakening momentum.

    While this drop aligns with broader market dynamics, which has seen Bitcoin drop to $113k and Ethereum pare gains, XRP faces downward pressure amid notable whale selling.

    Onchain data indicates whales have dumped about 460 million XRP in a little over a week, with bulls facing off with bears near the $3 mark.

    XRP price forecast: tailwinds and technical outlook

    Risk-off sentiment has engulfed a large part of the market as investors become jittery amid macro headwinds.

    Inflation data, including a surprise surge in the US producer price index in July, added to the uncertainty. Geopolitical events and the upcoming Jackson Hole symposium, where Federal Reserve Chair Jerome Powell is expected to speak, are key events this week.

    For the latter, XRP holders are as upbeat as the rest of the market.

    Investors are braced for any potential signals that the Fed will cut interest rates, a likely boost for risk assets like cryptocurrencies. However, a hawkish Fed could further depress XRP.

    Despite the current bearish tilt, XRP is still largely bullish amid notable tailwinds. This includes Ripple’s march to a resolution of its legal hurdle from the SEC lawsuit.

    Additionally, Ripple’s RLUSD stablecoin is seeing growing integration and partnerships, as is XRP Ledger’s traction in payments and tokenization of real-world assets.

    Potential XRP ETF and Ripple banking license approvals, expected in late 2025, provides further optimism.

    On the charts, XRP faces immediate support at $2.80, with a deeper safety net in the $2.58 to $2.32 zone. However, if bulls reclaim the $3.00 to $3.40 area as support, a breakout could bring a new ATH into play, with targets of up to $10.

    Share this article
    Categories
    Tags



    Source link

  • Solana price forecast as SOL bulls look to buy the dip

    Solana price forecast as SOL bulls look to buy the dip

    Solana price prediction

    • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
    • The technical outlook on the daily chart shows price is taking on a bearish flip.
    • Bulls bouncing amid crypto recovery could target $200.

    Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

    But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

    Here’s a look at the technical picture for SOL.

    Solana drops to key support level

    As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

    CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

    It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

    Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

    The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

    A bearish sentiment amid this flip has SOL currently hovering at a key support level.

    Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

    Solana price prediction

    The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

    Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

    Spot ETFs and regulatory tailwinds could be the main catalyst.

    However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

    SOL price chart by TradingView

    The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

    Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

    The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

    SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

    While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

    As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

    Share this article
    Categories
    Tags



    Source link

  • XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

    XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

    XRP Price

    • XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
    • Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
    • XRP’s technical outlook suggests further price declines.

    Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.

    Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.

    This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.

    Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.

    However, could XRP’s strength see bulls rebound off support to eye new all-time highs?

    XRP price – bulls fail to hold $3.00 amid crypto downturn

    In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.

    While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.

    Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.

    As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.

    Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.

    Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.

    ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.

    On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.

    A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.

    The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.

    Ripple price prediction

    XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.

    XRP price chart by TradingView

    On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.

    Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.

    The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.

    If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.

    On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.

    Share this article
    Categories
    Tags

    Source link

  • SUI price outlook: bulls on edge as $173M token unlock looms

    SUI price outlook: bulls on edge as $173M token unlock looms

    SUI price outlook: bulls on edge as $173M token unlock looms

    • Sui gained 7% in the past day to $3.94 intraday high.
    • A massive unlock on August 1 sparks fears of potential bearish pressure.
    • Holdings above $0.275 could support imminent breakouts.

    Digital currencies saw mild gains on Friday as the global crypto market cap increased by 0.55% the previous 24 hours to $3.9 trillion.

    While most alts signal recoveries, SUI led today’s gainers with an over 7% surge to $3.94.

    The uptrend has excited enthusiasts who are watching for new breakouts.

    Nevertheless, the upcoming $173 million SUI unlock on August 1 has dented investor confidence due to potential selling pressure after the massive token release.

    Can the altcoin withstand the bearish storm?

    SUI’s August 1 unlock

    Token unlocks are usual in the cryptocurrency market, but they often trigger anxiety as they can influence short-term price actions.

    Sui’s upcoming unlock isn’t an exception.

    According to Tokenomist, Sui will release 44 million tokens, worth around $173 million at current prices, on August 1.

    That’s a massive figure, especially considering the prevailing broad market uncertainty and SUI’s market dynamics.

    Significant token unlocks flood the markets, possibly introducing substantial selling pressure when recipients offload part of their balances.

    In Sui’s case, the $173 million unlock could test its current momentum.

    The altcoin trades at $3.95, and participants would now closely watch the ‘reliable’ support barrier at $3.75.

    The foothold has previously held strong amid pullbacks.

    If SUI holds $3.75 throughout unlock-driven volatility, it would be an optimistic signal.

    Healthy performance after token release will indicate impressive demand despite the surge in supply.

    Such an outlook would position Sui as a maturing blockchain unbothered by short-term events.

    Bulls could hold the line after July’s robust performance

    The primary question remains whether buyers can maintain control amidst the supply shock.

    The latest uptick to $3.94 has renewed optimism about another breakout.

    However, SUI should hold above the support at $3.75 to absorb the upcoming token supply without panic selling.

    Meanwhile, SUI heads into August after an impressive monthly performance, which will likely add upside steam.

    Sui’s total value locked closed July with a fresh all-time high above $2 billion after stable uptrends since late June.

    A surging TVL is crucial since it confirms the chain’s overall financial health, highlighting increased adoption and growth.

    It is a key liquidity indicator.

    More total value locked makes it easier for individuals to execute trades without substantial price slippages.

    Also, SUI’s decentralised exchange (DEX) volume hit record highs of $14.3 billion in July.

    SUI’s current price outlook

    The altcoin displayed impressive recoveries after hitting a low of $3.69 yesterday.

    SUI trades at $3.94 with a 15% uptick in trading volume, demonstrating a possible momentum shift to the upside.

    Short-term technical indicators suggest a buyer comeback.

    The MACD has just made a bullish crossover with the signal line on the 3H timeframe.

    Moreover, the RSI at 52 suggests neutral sentiments as bulls look to flip the script.

    Holding $3.75 amid the looming unlock might support uptrends to the Monday high near $4.35, opening the path to $5.

    Share this article
    Categories
    Tags

    Source link

  • SUI price: bulls eye all-time high amid spike above $4

    SUI price: bulls eye all-time high amid spike above $4

    Sui Price

    • Sui’s price is above $4.20 after surging more than 56% over the past month. 
    • The token’s rally has pushed the total value locked to all-time highs amid a surge in open interest.
    • Bulls could target the SUI all-time high of $5.35 reached in January 2025.

    Sui (SUI) has broken above $4.20 amid a notable 56% surge over the past month.

    This rally brings SUI tantalizingly close to its all-time high of $5.35, recorded in January 2025.

    It also means an impressive rally from April lows of $1.90, putting the token alongside top performers PancakeSwap, BNB and Optimism.

    Sui price jumps above $4 as TVL, open interest surge

    While Sui isn’t the standout performer in the past day or week, the token has gained over 56% in the past month.

    This has allowed it to break above $4.20 and see bulls come within reach of all-time highs witnessed in January 2025.

    Sui is also significantly up since lows of $1.9 in April 2025, with the cryptocurrency showing remarkable recovery since plummeting amid the Cetus protocol hack.

    Bulls’ dominance as top altcoins rally means Sui has experienced a notable spike in its total value locked (TVL).

    According to DeFiLlama, the project’s TVL has surpassed $3 billion, including staking, borrowings and vesting tokens.

    Key protocols like Suilend, NAVI and Bluefin have witnessed a spike in their respective TVLs to boost Sui’s.

    As well as DeFi activity, Sui is recording notable upside in the futures market.

    Per data by Coinglass, open interest in SUI has surged 10% to $2.7 billion, with strong speculative interest showing in the $7.4 billion in derivatives volume.

    Long positions dominate, suggesting overall bullish sentiment. As TVL rises and open interest grows, Sui’s market outlook becomes increasingly bullish.

    If market conditions support an upward flip, it could be a new ATH for Sui within the short term.

    Token unlocks are nonetheless a factor to watch.

    SUI price prediction

    Looking at the technical picture, SUI’s price trajectory appears upbeat.

    Technical indicators, such as the Relative Strength Index (RSI), support the bullish outlook.

    RSI currently sits at 65, having retreated from overbought territory, which means there’s room for further gains without SUI flipping immediately overheating.

    SUI chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover.

    The MACD line is above the signal line to suggest bulls have an upper hand.

    Despite an upcoming cliff unlock, analysts predict SUI price could soon retest its all-time high of $5.35.

    Price discovery could push the token’s value even higher. However, the token unlock and short-term profit taking may derail bulls.

    SUI currently trades around $4.21, about 6% up in the past week.
    Share this article
    Categories
    Tags



    Source link