#SUI gains bullish momentum following a wedge breakout. With a golden crossover forming and TVL rising, can it reach the $6 milestone?
With a strong attempt to break into the top 10 cryptocurrencies, SUI is currently trading at $3.34. The project boasts a market cap of $11.16 billion and has recorded a 0.64% gain in the past 24 hours.
SUI price remains above the $3.30 level, hinting at a potential bounce following a retest. Could the golden crossover between the 50- and 200-day EMAs ignite the next major rally toward $6?
SUI Price Analysis
SUI’s daily chart showcases a bullish breakout of a falling wedge pattern. This wedge breakout rally marked the end of the prevailing declining phase during Q1 2025.
Between early January and April, the price declined nearly 65%. However, the recent rebound has pushed the price above both the 50- and 200-day EMAs, as well as the key psychological level at $3.
Currently, SUI is holding above $3.30 at the 23.60% trend-based Fibonacci retracement level. The surge in bullish momentum has brought the 50- and 200-day EMAs close to forming a golden crossover.
If this uptrend continues, the crossover could confirm a strong bullish signal. Supporting the bullish case, the Chaikin Money Flow Index remains positive, recently spiking to 0.18.
With continued positive money flow, the uptrend appears sustainable. If a post-retest recovery follows, Fibonacci levels point to a near-term target of $4.63 (38.20% retracement).
In a more optimistic scenario, the rally could extend to the 50% Fibonacci level, hitting the $6 mark. This would mark a new all-time high for SUI, driven by the ongoing bullish breakout.
On the downside, immediate support lies just below $3.30, at the 200-day EMA around $2.83.
SUI Ecosystem Strengthens as Stablecoin Market Cap Hits All-Time High
As SUI eyes a new all-time high, its ecosystem continues to gain strength. According to SUIScan, the total value locked (TVL) on the SUI network stands at $1.77 billion, with total accounts reaching 177 million..
#Crypto
#Bitcoin yaklaşık 2 haftadır kırmızı direnç bölgesi hala geçilebilmiş değil. Bu alan, geçmişte satışların geldiği güçlü bir arz bölgesi.
Şu an bu hattın hemen altında sıkışmış durumda. Şuan yönsüz gibi görünsek de, Spot #ETF’lere güzel girişler oluyor. Bu, kurumsal yatırımcının hala çok net bir şekilde güvendiğini gösteriyor.
Genel yapıya baktığımızda düşen trend kırılmış ve ardından güçlü bir yükseliş gelmişti. $Btc 92.500 – 95.000 bandında akümülasyon yapıyor. Bu tarz yapılar ya sağlam bir yükselişin ya da kısa bir düzeltmenin habercisi olur. Ancak ETF alımları yukarı yönlü ihtimali ciddi şekilde destekliyor.
Eğer kırmızı alan hacimli geçilirse, 100K ve üzeri hedefler konuşulmaya başlanır. Aşağıda ilk destek 92.500, güçlü destek ise 84.300 civarında.
Herkese bol kazançlar ve güzel bir gün dilerim 💐
The trenches are wild today.
$Zerebro's creator took his own life due to online criticism, and afterward, a token named him was created and pumped to a $30M MC.
I’m wondering when this chaos will end and people will focus on the core value of crypto projects, like DeFi, AI, or even popular themes like cute animals.
The bull run only began after this chaos ended.
Bitcoin Seoul 2025 is going big.
From June 4–6, Asia’s top $BTC conference returns bigger, bolder, and more global
• Top names in Bitcoin policy, finance & adoption
• Speakers from MetaPlanet, El Salvador, Mi Primer Bitcoin & more
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Seoul is quickly becoming a global Bitcoin hub
#BitcoinSeoul2025
In an interview with Farokh Radio, CZ expressed a highly bullish outlook on Bitcoin, predicting that BTC could reach between $500,000 and $1 million in the current cycle. Although he did not provide an exact timeline, he estimated that the total crypto market cap could hit $5 trillion by the end of 2025.
This is not the first time CZ has mentioned the $1 million target. He previously posted a hypothetical headline on X: “Bitcoin crashes from $1,001,000 to $985,000,” hinting at his belief in BTC reaching seven figures. Back in 2020, he had also forecast Bitcoin hitting $100,000 — a milestone that materialized in December 2024.
https://www.youtube.com/watch?v=n1W5VbLFZtw
> put cambria, gigaverse, och, roach racing, duper, captain & co, witty in spotlight for weeks
> people say "Abstract is only for gambling"
The casino apps are only on spotlight because ppl are using them. We always try to make sure there's a balance of different apps in spotlight.
However, one of the reasons why gambling apps are popular on blockchains is because you can have true verifiable randomness, something that doesn't exist in web2. Combine this with the fact that existing crypto users like to gamble, and it should come as no surprise that people are heavily using casino-like apps on Abstract.