The cryptocurrency market is still suffering from uncertainty, with price volatility and a lack of clear trends keeping risk appetite low. While most altcoins remain under pressure, some have begun to show signs of resilience. Broader concerns about global events and market volatility have led to decreased risk appetite, making this one of the toughest periods for traders to maintain their activity.
However, seasoned analysts recognize that these stages often pave the way for the next market movement. One analyst mentioned three altcoins - Ethereum ($ETH ), Solana ($SOL ), and SUI ($SUI ), which represent promising investment opportunities amid ongoing market turmoil.
Ethereum (#ETH ): stability above the main support level.
Ethereum shows bullish indicators despite market volatility. The analyst stated that as long as Ethereum remains above the $2,510 support area, it will stay in a bullish zone. The next resistance levels to watch are at $2,660 and $2,800.
Ethereum (ETH): stability above the main support level.
Ethereum shows bullish indicators despite market volatility. The analyst stated that as long as Ethereum remains above the $2,510 support level, it will stay in a bullish zone. The next resistance levels to watch are $2,660 and $2,800.
If it surpasses them, Ethereum could quickly head towards the $3,600-$3,700 area. The recent rebound from lower levels has given traders confidence in Ethereum's ability to outperform Bitcoin in the near term, with expectations of a 70-80% rise from its current levels once momentum increases.
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Solana (#SOL ): preparing for a strong launch.
Solana continues to stand out as one of the strongest performing altcoins at this stage of the market. The price of SOL has currently dropped to a major buying range between $148 and $150.
Nonetheless, Solana's relative strength against Bitcoin remains impressive, and if momentum increases, the analyst indicated that Solana may target a larger breakout towards $230 in the coming weeks. SOL is also expected to lead the altcoin recovery wave once market conditions stabilize.
SUI (#SUI ): approaching a major buying area after a 45% correction.
SUI has been one of the most volatile coins in the market over the past few weeks. After rising to $4.20, its price has now corrected by 45% from its highs. The coin is approaching a critical support area between $2.70 and $2.82.
Related topics in previous posts: SUI price prediction: SUI looks to break the $3.30 level.
The analyst expects a short-term return to $3.80, with long-term forecasts indicating a recovery ranging between $5 and $6 on higher timeframes. Although SUI has not seen intense buying yet, it remains a top priority for traders.
