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Tag: SUI

  • Sui price consolidates above $3.50 as inflows tick up

    Sui price consolidates above $3.50 as inflows tick up

    Sui Token

    • Sui recorded approximately $3.5 million in net inflows last week.
    • Investors have injected over $138 million into Sui-related digital asset products.
    • Bulls could ride institutional demand and overall market tailwinds to target a new all-time high.

    Sui (SUI) price is showing signs of a potential breakout as bulls stabilise above the $3.50 threshold.

    Increased capital inflows, signalling renewed institutional interest, add to the overall bullish picture for SUI.

    Sui holds a key level amid $3.5 million in capital inflows

    The crypto market’s sharp bounce in the past week has Sui price poised above $3.50 and eyeing an upward continuation.

    Meanwhile, the Sui ecosystem has recorded a modest yet encouraging uptick in investment activity.

    According to CoinShares, approximately $3.5 million in net inflows poured into SUI-linked funds and products over the past seven days.

    This comes as demand for institutional-grade exchange-traded products (ETPs) and venture-backed staking pools surges sharply.

    Investors looking to position with Sui have injected over $138 million into related digital asset products and funds, with assets under management rising to $348 million.

    While Bitcoin and Ethereum dominate with billions of dollars in weekly inflows, the overall bullish sentiment is helping smaller coins.

    A lot of this is down to treasury strategy moves and exchange-traded funds anticipation, while macro tailwinds strengthen the push for more gains in the fourth quarter.

    The $3.5 million inflows point to Sui’s appeal among institutional investors.

    SUI price: is a new all-time high next?

    SUI’s price action has entered a textbook consolidation phase.

    Over the past weeks, the token has traded between $3.52 and $3.65, with a market capitalisation hovering around $13.1 billion and daily volume near the $1 billion mark.

    As per CoinMarketCap data, this metric stood at around $997 million at the time of writing on Monday.

    The altcoin’s stability comes after a 13% rally in the past week that has bulls retesting a key resistance zone.

    Notably, technical indicators paint a bullish picture, with the relative strength index (RSI) sitting at 56, neutral yet trending upward.

    Bids are also concentrated near the middle line of the Bollinger Bands, having seen a significant bounce off the support line.

    Sui Price
    Sui price chart by TradingView

    Bullish catalysts for Sui include accelerating network growth and a supportive broader crypto market outlook.

    Analysts expect substantial upside for Bitcoin, with some projecting a move toward $126,000.

    Such an advance could trigger a broader sector rally, fueled by capital rotation and renewed risk appetite.

    “Traders short October calls are rolling higher toward 126k–128k as $BTC keeps grinding up,” said analysts at QCP Group.

    “The move shows conviction in sustained upside into month-end, with the market leaning on supportive macro stories and seasonal strength.”

    A confluence of factors, including sustained inflows and strong technical momentum, could position SUI to retest its all-time high above $5.35, last seen in January.

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  • Sui price rises as broader crypto market bounces

    Sui price rises as broader crypto market bounces

    • Sui price is poised above $3.60 as bulls target key level.
    • The SUI all-time high price is around $5.35 and achievable as Sui total value locked hits $2 billion.
    • Bulls eye $4.12 resistance, while bears target $3.20 if momentum weakens.

    Sui price has a modest increase over the last 24 hours, but has reached highs of $3.70 as the broader crypto market signals an upward rally.

    Coins such as Ethena, Pendle and Ondo have gained significantly amid Bitcoin’s retest of $115k and Solana’s breakout to $240.

    As the 24-hour trading volume holds around $949 million, the SUI price looks poised for an uptick towards its all-time high above $5.35.

    Decentralized finance and web3 adoption growth see Sui’s position as a frontrunner, potentialy setting the stage for the native token’s surge.

    Sui price surge- what’s fueling bulls’ momentum?

    Sui overcame a network setback in early 2025 when an ecosystem project got hacked.

    The token has since bounced off lows of $1.91 to retest highs of $4.32.

    The Move programming language project has gained attention due to its scalability and interoperability, putting it among the top coins attracting buyer attention.

    While Ethereum and Solana dominate altcoin sentiment, the technical outlook for SUI is setting up bulls for a retest of its ATH.

    Developer activity, daily active wallets and DeFi TVL surge all point to Sui’s strength.

    There are also ecosystem expansions, including the integration of zkLogin for seamless user onboarding.

    As well, Sui has boasted initiatives like the Strategies yield aggregator that amassed millions of dollars in deposits within weeks.

    Sui’s focus on gaming, NFTs, and DePIN projects has diversified revenue streams, with a stablecoin market cap jumping above $793 million.

    Network revenue has increased too, while platforms such as Suilend, NAVI and Bluefin are helping to push the total value locked in Sui protocols across DeFi to over $2 billion.

    The crypto market’s attraction for Wall Street amid a scramble for digital asset treasuries is another catalyst for the Sui price.

    SEC’s impending approval of new crypto exchange-traded funds, including filings for Sui, has also buoyed bulls.

    What’s the price outlook for SUI?

    With multiple signals converging to suggest a breakout above key resistance levels in the near term, trading above $3 is crucial for SUI.

    It may be the step buyers need to maintain a bullish long-term trend.

    Relative Strength Index hovers at 55, and reflects a neutral momentum that gives room for further growth before bulls hit the overbought territory.

    The Moving Average Convergence Divergence also supports an upward run with a bullish crossover.

    Sui price chart by TradingView

    A look at the chart suggests $3.70 is a key level, and breaking the immediate $4.12 resistance could trigger a measured move to $5.

    The all-time high is within range above this level.

    Conversely, a bearish flip will bring Sui price to support around $3.20. Bears may also target buyers’ safety net around $2.61, should any pullback activity strengthen.

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  • Sui price prediction after SUI Group Holdings’ $332m token grab

    Sui price prediction after SUI Group Holdings’ $332m token grab

    Sui is trading up as bulls continue the uptick seen since SUI Group Holdings’ recent acquisition of 20 million SUI tokens.

    As the company boosted its treasury to over $332 million, Sui prices jumped amid optimism about the future of SUI.

    The altcoin is up from lows of $3.12 this week and could explode as the crypto market eyes a Q4 rebound.

    Sui price surge – key bet by SUI Group Holdings

    Although gains in the past 24 hours and week are below 3%, analysts are bullish about SUI following recent activity.

    The token, which  currently stands at $3.41, with a 24-hour trading volume of $806 million according to CoinMarketCap, also has open interest at $12.19 billion to indicate trader confidence.

    As this happens, the recent purchase of 20 million SUI tokens by SUI Group has added to short term optimism.

    The company’s holdings of 101.8 million tokens are a move that hints at strong confidence in the project’s future.

    “Since the initiation of our SUI treasury strategy in late July, we have expeditiously accumulated over 100 million SUI, underscoring our conviction in the transformative potential of the SUI blockchain and its critical role in the future of decentralized finance,” said Stephen Mackintosh, Chief Investment Officer of SUI Group.

    Accumulation executed through a discounted deal with the Sui Foundation has sparked discussions about a potential price surge, building on the bullish momentum.

    The recent treasury boost is seen as a catalyst, potentially pushing the price toward $4.00 within the next quarter if market conditions remain favorable, which further strengthens SUI’s fundamentals, attracting long-term investors.

    Sui price volatility

    Despite the optimism, the crypto market’s volatility encounters challenges as analysts caution that whale activity, like SUI Group’s, might lead to short-term price swings, with a possible dip to $3.00 if selling pressure mounts.

    Buyers appear willing to step in repeatedly, reinforcing the base if the price finally cracks, with the structure favouring a swift climb as liquidity thins above.

    In this case, the Sui price could explode above $4.00, with targets above $5.00 in the short term.

    Sui chart by TradingView

    However, the SUI Group’s cash reserves  for further acquisitions signal a commitment to growth, potentially stabilizing the token.

    As the crypto community reacts with enthusiasm, with users heaping praise on the treasury strategy move, the main target will be on what this means for the long term price outlook.

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  • 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.

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  • 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.
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  • Sui breaks $3 resistance: Is a new ATH next?

    Sui breaks $3 resistance: Is a new ATH next?

    • SUI is currently priced above $3, rallying higher following a descending wedge breakout. 
    • An ascending triangle pattern on the 4-hour chart signals bullish flip. 
    • However, while MACD suggests buyers are in control, the RSI is near overbought territory.

    Sui (SUI) has surged to the critical $3 resistance level, breaking above it amid double-digit gains in the past 24 hours.

    CoinGecko data shows SUI price trading more than 11% up in this period, with a notable 102% spike in trading volume that hovered around $1.28 billion.

    The price gains to intraday highs of $3.05 put the altcoin above a key supply wall, which offered both a psychological and technical barrier in recent weeks.

    Notably, Sui ecosystem tokens, including Walrus and DeepBook Protocol, have also surged in the past 24 hours.

    Sui eyes gain amid bullish momentum

    SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and major altcoins like Ethereum, XRP and Solana higher.

    Tailwinds for altcoins helped Sui price, with this coming amid a recent bounce from lows of $2.3.

    Robust on-chain fundamentals that have also seen Sui blockchain’s total value locked (TVL) hold above $2.2 billion signal overall confidence in the ecosystem.

    Other metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.

    Sui is also seeing notable growth in developer activity, leading the Move ecosystem.  Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.

    The 11% surge has extended SUI’s upward price action over the past two weeks. Sui’s losses in the past month are indeed down to 8%.

    Sui price prediction

    With SUI attempting to break above $3, bulls may target key levels of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into view.

    Notably, buyers are upbeat after the token broke out of a descending wedge pattern. That move allowed for a bullish reversal as long bets ramped up.

    Additionally, the formation of an ascending triangle pattern on the 4-hour chart has reinforced the bullish outlook. Given this outlook, the $3 level could act as a springboard for potential further gains. 

    Sui chart by TradingView

    On the technical front, key indicators show buyers are in control.

    The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the histogram suggesting that bulls currently hold the upper hand.

    However, the Relative Strength Index (RSI) is trending at 70 and an extended uptick into the overbought territory could signal a potential downturn.

    In this case, macro headwinds and profit-taking could mean a short-term flip to support levels around $2.6.

    The post Sui breaks $3 resistance: Is a new ATH next? appeared first on CoinJournal.



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  • SUI price sees 15% gain, but are bulls out of the woods yet?

    SUI price sees 15% gain, but are bulls out of the woods yet?

    Sui Price

    • SUI price surged 15% to $2.91, rebounding from a weekly low of $2.29.
    • Gains align with a broader crypto market recovery driven by improved investor sentiment and easing geopolitical tensions.
    • SUI could break above $3 and potentially eye a new peak, or dip to support near $2.

    The SUI token, native to the Sui layer-1 blockchain, has soared by more than 15% in the past 24 hours, with gains to highs of $2.91 coming amid a lift in crypto market sentiment.

    Notably, Sui’s uptick halts a month-long decline that pushed the token from highs of $3.80 to its lowest levels since April. But as the broader market sentiment improves, SUI’s rebound has investors in an optimistic mood as bulls target further gains.

    However, with key resistance levels looming, the question remains whether this surge signals a lasting bullish trend or a bull trap.

    Sui price jumps 15% amid crypto bounce

    After enduring weeks of downward pressure, SUI has rebounded sharply, trading to an intraday high of $2.91 on Tuesday. At the time of writing, the altcoin’s price was at $2.79.

    The double-digit gains align with the uptick in prices for the broader cryptocurrency market, with easing geopolitical tensions and Fed chair Jerome Powell’s remarks adding to investor confidence.

    Sui price also gained as OKX Wallet teamed up with Navi Protocol and Momentum to “bring BTCfi to life” on Sui. The community can take part for a chance to grab a share of $2.5 million in rewards.

    The SUI token thus gained as major assets like Bitcoin (BTC) and leading altcoins posted upward moves.

    However, SUI’s double-digit surge stands out as it reflects a bullish impulse amid what appears as a bearish set still. The token remains 20% down over the past month and is well off its all-time peak of $5.35.

    Sui price prediction: Are bulls ready to run?

    The technical picture shows SUI’s price action in a descending channel on the daily chart. Sui also signals a broader descending triangle pattern. This suggests sellers may yet have a say despite the spike from weekly lows of $2.29.

    A look at the charts shows the RSI bouncing off the oversold level, which means room for growth. The MACD indicator also signals a potential bullish crossover, highlighting gains as critical for bulls if they want to take the upper hand.

    In this case, the key hurdles will be around $3.50 and $4.13. Take these out, and bulls could run to the ATH and higher.

    Sui price chart by TradingView

    Conversely, failure to maintain momentum could see SUI retreat to the $2.43 support, where a recent local low formed. If bears breach this level, it might be a bloodbath to the psychological $2 or lower.

    SUI’s 15% surge reflects a broader market recovery and renewed interest in the SUI ecosystem.

    Yet, with critical resistance levels ahead and the threat of bearish pressure lingering, the token’s trajectory remains uncertain.
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  • SUI price breakout? Technical pattern signals move toward $4.25

    SUI price breakout? Technical pattern signals move toward $4.25

    Sui Surges As Altcoins Tap Upside Momentum

    • SUI price gains as token continues upside with monthly gains of over 85%
    • The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.
    • Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.

    Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.

    With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.

    A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.

    One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.

    Gains see Sui ecosystem tokens rise

    The Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.

    While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.

    Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.

    The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.

    Is Sui price set for a rally above $4?

    The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.

    In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.

    According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.

    He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.

    The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.

    Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.

    The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.

    From the current level, this will be a 29% increase.

    Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.

    While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.

    Sui’s traction as the blockchain network for digital asset ownership helps this outlook.

    Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.

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  • SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs

    SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs

    • The surge in the altcoins comes amid a broader rally triggered by Bitcoin’s new milestone.
    • The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.
    • After dipping below $0.14 earlier this year, the token has reversed its downtrend.

    As Bitcoin pushed past $96,000 this week, it reignited interest across the altcoin market.

    Among the tokens gaining significant traction are SUI and SEI, both of which are showing breakout signals following months of gradual upward movement.

    With bulls regaining control and wider market sentiment turning optimistic, analysts are now closely watching these two tokens to see if they can test their respective highs in 2025.

    Solana, another top-10 cryptocurrency by market cap, has also reclaimed levels above $150, contributing to renewed enthusiasm for smaller tokens like SUI and SEI.

    The current price action suggests growing accumulation among traders as technical patterns hint at continued bullish momentum.

    SUI’s $4 target comes into play

    SUI, the native token of the Layer 1 blockchain developed by Mysten Labs, is showing signs of a breakout from its recent consolidation phase.

    After rising 60% in a short span, the token managed to avoid a correction, instead consolidating within a narrow range for more than a week.

    This range-bound behaviour has now culminated in a bullish breakout, supported by technical indicators.

    The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.

    The price is now approaching resistance near the $4 level, which will be the next major test.

    Source: CoinMarketCap

    Meanwhile, the 50-day moving average has flipped positive, confirming a potential bullish reversal.

    The MACD, though showing some decline in buying volume, remains above the zero line.

    A golden cross—where the 50-day moving average crosses above the 200-day—could also occur in the near term, bolstering the bullish case.

    Despite occasional dips in volume, SUI’s price action suggests investor confidence is still intact.

    If this trend continues, the token could aim for a new all-time high closer to $7 in 2025, especially if Bitcoin remains above its current support levels.

    SEI bulls eye $0.5 breakout

    SEI has also emerged as a strong gainer in the current cycle.

    After dipping below $0.14 earlier this year, the token has reversed its downtrend and is forming a pattern of higher highs and higher lows.

    More notably, it has broken through the bearish Gaussian Channel on the chart—a move typically interpreted as the beginning of a longer-term uptrend.

    Volume indicators, particularly the Chaikin Money Flow (CMF), show a clear uptick in capital inflows into SEI.

    The CMF has moved above zero for the first time in weeks, signalling increased investor interest.

    With resistance levels at $0.32, $0.40, and $0.44 coming into view, SEI appears poised for further gains.

    Source: CoinMarketCap

    A move past the $0.48–$0.50 zone, which marks a significant resistance area, could trigger a fresh leg up.

    If momentum sustains and market conditions remain favourable, SEI may well be on track to approach the $1 mark by mid-2025.

    This would represent a more than 7x gain from its previous lows, making it one of the standout performers of the cycle.

    Technical indicators support further gains

    Both tokens are showing confluence across several key indicators. SUI’s RSI remains in neutral territory, leaving room for more upside.

    SEI, on the other hand, has just crossed into bullish territory, suggesting its rally may still be in its early phase.

    Market watchers are now focusing on the next few days for confirmation of trend continuation.

    While external factors such as macroeconomic sentiment, US regulatory decisions, and Bitcoin volatility will continue to influence prices, the charts for SUI and SEI provide a positive technical outlook in the short-to-medium term.

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  • Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    • Bitcoin gained over 10% this week, testing key resistance near $95,000 amid strong buying.
    • US Spot Bitcoin ETFs saw massive $3.06 billion weekly inflows, signaling renewed institutional interest.
    • Avalanche (AVAX) consolidates near $23.50 resistance; a breakout could target $31.73 (double-bottom).

    Bitcoin demonstrated renewed strength this week, posting gains of over 10% as determined buyers pushed the price back towards the significant overhead resistance level near $95,000.

    While consolidating below this key hurdle, the fact that buyers haven’t ceded significant ground suggests underlying bullish conviction, further supported by robust institutional inflows and optimistic analyst projections.

    ETF inflows signal renewed institutional appetite

    The sharp upward move in Bitcoin’s price has been significantly bolstered by resurgent buying activity in the US spot Bitcoin exchange-traded funds (ETFs).

    Data from Farside Investors revealed impressive weekly inflows totaling $3.06 billion into these funds.

    Commenting on this influx, Bloomberg ETF analyst Eric Balchunas highlighted on X (formerly Twitter) how notable it was to witness “HOW FAST the flows can go from 1st gear to 5th gear,” indicating a rapid acceleration in institutional demand.

    This renewed buying coincides with bullish technical and quantitative signals. 21st Capital co-founder Sina noted on X that Bitcoin had reclaimed its “power-law price,” a model suggesting considerable long-term upside.

    Sina’s Bitcoin Quantile Model projects potential targets between $130,000 and $163,000 before the end of 2025.

    Other anonymous analysts, like apsk32, hold even more ambitious short-term targets, predicting a move above $200,000 in the fourth quarter of this year.

    Bitcoin (BTC) price analysis: bulls target $100K

    The price chart reveals a tense battle unfolding near the critical $95,000 resistance.

    Technical indicators currently favor the bulls: the 20-day exponential moving average (EMA), sitting around $88,619, is sloping upwards, and the relative strength index (RSI) is positioned near overbought territory, signaling strong buying momentum.

    A decisive close above the $95,000 mark could act as a powerful catalyst, potentially propelling the BTC/USDT pair towards $100,000 and subsequently to the $107,000 region.

    However, sellers are expected to mount a strong defense in the zone between $107,000 and $109,588.

    Conversely, the 20-day EMA serves as crucial near-term support.

    A break below this level could invalidate the immediate bullish momentum and potentially pull the price back into the broader range between $73,777 and $95,000.

    Looking at the 4-hour chart, bears are actively defending the $95,000 level but have struggled to push the price decisively below the shorter-term 20-EMA.

    A rebound off this moving average would strengthen the case for an eventual breakout above $95,000, targeting $100,000.

    However, failure to hold the 4-hour 20-EMA could lead to a deeper pullback towards the 50-simple moving average (SMA), a key level bulls must defend to prevent a slide towards $86,000.

    Sui (SUI) price analysis: testing resistance, eyeing upside

    Sui (SUI) has encountered resistance near the $3.90 level.

    However, the pullback from this high has been relatively shallow, indicating that bulls are holding their positions rather than rushing to take profits.

    If the price remains above the 38.2% Fibonacci retracement level at $3.14, buyers are likely to make another attempt to push the SUI/USDT pair above $3.90.

    A successful breakout could see the price surge towards $4.25 and potentially $5.00.

    On the downside, a break below $3.14 would signal the start of a more significant correction, potentially targeting the 50% retracement level at $2.94.

    Buyers are expected to defend the zone between $2.94 and the 20-day EMA (currently around $2.69).

    The 4-hour chart shows support near the 20-EMA, but sellers remain active at higher levels.

    A break below the 4-hour 20-EMA could trigger a drop to $3.14, while a push above the
    3.81−3.90 resistance is needed to confirm the next leg up towards $4.25.

    Avalanche (AVAX) price analysis: range consolidation, breakout potential

    Avalanche (AVAX) has been consolidating within a range defined by support at $15.27 and resistance near $23.50.

    Trading within such ranges often involves buying near support and selling near resistance.

    While buyers haven’t yet managed to decisively break above $23.50, the fact they haven’t given up much ground suggests accumulation might be occurring.

    A breakout above $23.50 would complete a potential double-bottom pattern, a bullish formation with a calculated target objective near $31.73.

    However, this optimistic scenario would be invalidated if the price turns down and breaks below the moving averages, suggesting the range-bound action might persist.

    On the 4-hour chart, AVAX has been consolidating tightly between $21.60 and $23.10. This narrow range indicates bulls are holding firm, anticipating further upside.

    A break above $23.10 could trigger a move towards $25, likely overcoming the resistance at $23.50.

    Conversely, a drop below $21.60 would signal weakening bullish resolve, potentially pulling the price down towards $19.50.

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