The cryptocurrency market has entered the week with strong bullish momentum, fueled by impressive gains in major digital assets. Over the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) have surged by 6% and 13%, respectively, reigniting investor confidence and propelling a wave of optimism across the altcoin sector.
Among the top-performing assets, Sui (SUI) has captured attention with a substantial 30% rally following a decisive technical breakout. Meanwhile, Jupiter (JUP) is exhibiting encouraging signs, posting a 12% gain and potentially preparing for a similar upward move.
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Technical Overview: SUI and JUP
SUI Price Action:
On the left side of the accompanying chart, Sui (SUI) has successfully broken out of a falling wedge pattern—a classic bullish reversal setup. The breakout was further validated by a move above the 50-day moving average (MA), indicating a shift in momentum.
This breakout occurred near the $2.15 level, with price action now advancing toward the $2.90 range. SUI is currently testing a critical resistance at the 100-day MA, situated around $2.96. A sustained move above this threshold could pave the way for a rally toward the next major resistance near $3.71.
JUP Price Action:
On the right side of the chart, Jupiter (JUP) appears to be in the early stages of a similar breakout setup. The token is currently challenging the upper boundary of its falling wedge pattern, with the 50-day MA providing additional resistance near the $0.45 mark.
Should JUP achieve a successful breakout and establish support above the wedge, the immediate resistance lies at $0.5832. A move beyond this level would open the door for further gains toward the 100-day MA, currently near $0.66—representing a potential 46% upside from current price levels.
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Market Outlook
With Ethereum leading the charge in this latest market rally, altcoins such as SUI and JUP are beginning to reflect the broader bullish sentiment. SUI has already confirmed its breakout and may continue to advance if it overcomes the upcoming resistance levels. In parallel, JUP is exhibiting strong technical potential and could follow suit if it manages a decisive breakout in the coming sessions.
Investors and traders should closely monitor both tokens as they present compelling opportunities within the current market environment. If the overall bullish trend continues, $SUI and JUP may deliver significant gains in the weeks ahead.
