Market Update – Square Binance Insights
Dollar | SUI | BABY – What’s Moving the Market?
1. U.S. Dollar
The dollar remains steady this week, holding its ground amidst global uncertainty. While inflation data looms, investors are watching closely for any signs of a rate cut from the Fed. A stronger dollar often pulls liquidity out of altcoins—so stay alert!
2. SUI
SUI on the rise!
After a quiet consolidation, SUI is showing signs of bullish momentum. Positive sentiment around upcoming ecosystem updates and developer activity is fueling this push. Watch for a breakout above resistance—it could be big.
BABY experiencing a dip
After its recent pump, BABY is cooling off. Could this be a healthy pullback or the start of a deeper correction? Volume is dropping, and whales seem to be moving cautiously. Short-term holders should watch support zones closely.
