Inflation slows down + tariff pressure, the market trembles, are these altcoins ready to take off?
On Wednesday Eastern Time, the U.S. May inflation data was released: up 2.4% year-on-year, slightly lower than the expected 2.5%
The market reacted immediately, with Bitcoin surging to $110,300, then quickly retracing, showing volatility in the short term. Additionally, Trump's remarks about possible tax increases on China-U.S. trade have slightly increased risk aversion sentiment.
Although macro fluctuations are evident, the overall resilience of the crypto market is quite good, major coins are stabilizing, and funding sentiment is somewhat cautious.
However, under this wave of news stimulation, two altcoins are quietly brewing a market trend.
SUI: A potential stock quietly gaining momentum
SUI's movement is not large, but it seems to be about to do something big. 21Shares has already submitted an application for a SUI spot ETF, which the SEC is currently reviewing.
From a fundamental perspective, the Sui ecosystem is highly active, with $1.77 billion locked in, on-chain trading volume exceeding 100 billion, and 10% of assets linked to Bitcoin, showing significant growth in stablecoin circulation and increasing popularity.
Technically, SUI's rebound has been rising since the June low, with the key support area currently between 3.27 and 3.43. As long as this area holds, the upward structure remains intact. If it can stabilize above $3.57, the next wave is likely to accelerate.
SOL: A leading ETF candidate ready to take off
Solana is more direct, with Rex Shares and Osprey Funds already in negotiations with regulators to advance SOL's ETF, possibly yielding results in 3 to 5 weeks. Analysts estimate the approval probability to be as high as 90%.
On the technical side, SOL just broke through $165 last week, and if it can surpass $180, the next target is $225.
Although there is a short-term pullback, the price has already been discounted, providing room for accumulation.
In summary, both have stable fundamentals and are related to ETF trends, making them relatively resistant to declines during market fluctuations.
In the short term, when the market is consolidating repeatedly, these coins, driven by news and supported by technical structures, often start first.
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