The crypto market is breathing a sigh of relief! Ethereum ($ETH) registered a jump of 10% in just one week, surpassing the $2,075 mark, and this movement is bringing momentum to various altcoins. Among the highlights, Solana (SOL) and SUI show promising signs of recovery. Can SUI follow in SOL's footsteps?
🌟 Solana (SOL) breaks through barriers and aims for new resistances!
After a period of correction, Solana has finally broken out of a descending wedge, a technical pattern that indicates a possible trend reversal. The breakout occurred at $128, pushing the $SOL to $140.
If the buying strength continues, the next targets are $153 (resistance zone and 50-day moving average) and, in an even more optimistic scenario, $181 (200-day moving average), which could represent a 32% appreciation compared to current prices!
The MACD indicator reinforces this bullish outlook, with its line crossing above the signal line – a classic sign of a return to positive momentum. Will the $SOL be able to maintain this pace and reach new heights?
Could Sui (SUI) be the next to break out?
Just like SOL, SUI is following a similar structure, consolidating in a descending wedge pattern since its all-time high of $5.36. Recently, the token found support at $1.97 and is now approaching the resistance in the $2.39 range, a crucial point for a possible breakout.
If this breakout is confirmed, SUI could target $3.25 (50-day moving average) and, in a bullish scenario, reach $3.73 (100-day moving average), a potential jump of 57%!
The MACD also suggests a possible trend reversal, with the histogram indicating a weakening of selling pressure. But will the buying volume be enough to push the $SUI upward?
What to expect now?
With Bitcoin ($BTC) and Ethereum ($ETH) showing strength, the market may continue this recovery. But will SOL and SUI follow this momentum and break new resistances?
Keep an eye on the charts, watch the volume and moving averages!
What do you think? Will SOL and SUI continue to rise or will we see a new correction? Comment below! 💭👇
Source: CoinsProbe
Warning: This content is not an investment recommendation. Conduct your own research and stay well-informed before making any decision.