🚀 Crypto Reversal Watch: ALGO, AVAX & SUI Setting the Stage for a Bullish Week! 🔥

🌐 Introduction – Market Poised for Key Moves

This week, three altcoins — Algorand (ALGO), Avalanche (AVAX), and Sui (SUI) — are showing strong technical signals hinting at possible trend reversals.

📈 ALGO – Double Bottom Breakout in Play

ALGO has formed a massive double bottom with a neckline at $0.26 and accumulation base between $0.15–$0.16. The breakout pushed the price to $0.34, nearly hitting the measured move target before pulling back to $0.22. Now back at $0.27, reclaiming and holding above $0.26 could trigger a retest of $0.34 or even a new high. The quick recovery from the neckline dip shows buyers are defending this key zone.

⛰️ AVAX – Approaching Breakout Level Again

AVAX also formed a double bottom, with a neckline at $27. After testing it twice and failing, the price retreated to $21, where the 50 SMA provided support. The current rebound is testing the 20 EMA, with a bullish crossover between the 20 EMA and 50 SMA intact. A breakout above $27 with volume could confirm a reversal, as AVAX is only about 17% away from that level.

🚀 SUI – Bullish MA Stack Forming

SUI has broken above the 20-day EMA and is trading at $3.83. A recent 8% daily gain pushed it above the 7-day EMA, which is now set to cross the 20 EMA, forming a bullish moving average stack alongside the 50 SMA. This reduces the risk of a bearish double top and increases the odds of testing $4.30–$4.40. Clearing that zone could open the way for higher highs.

📌 Conclusion – Bullish Lean, but Caution Needed

ALGO, AVAX, and SUI are all showing setups that favor the bulls, with key resistance levels in sight and supportive technical indicators. A confirmed breakout could lead to significant gains, but as always in crypto, momentum and volume will determine if the move is sustainable.

👉 For non-financial experts: Signs point to possible price increases soon, but in crypto, nothing is certain — think sunny skies with a chance of sudden showers. ☔