🚀 SUI and Toncoin: Who Will Break the Key Resistance First? 🔥
SUI has shown a modest but significant recovery, with a weekly gain of nearly 2% and a current price range between $2.77 and $4.01, facing strong resistance around $4.77. Technically, its RSI at 45 suggests weak bullish momentum and increasing bearish pressure, indicating a market still indecisive but with potential for a rebound if it surpasses the key resistance.
Toncoin (TON) also shows signs of short-term recovery, with a monthly gain of 5% and a current price between $2.79 and $3.61, having recently broken the resistance of $3.20. The RSI close to 50 and slightly negative momentum reflect a neutral market, but breaking the immediate resistance at $3.28-$3.30 could confirm a more solid bullish shift.
Can Toncoin follow SUI's lead?
• Toncoin has a favorable technical pattern after breaking a downtrend line and shows signs that the bulls are gaining control, but it still needs to consolidate above $3.30 to confirm a sustained rally.
• SUI, for its part, faces a significant test with a token unlock that may affect its price, although its strong adoption and volume suggest it could maintain or even increase its momentum.
• Both tokens are in consolidation phases, with clearly defined support and resistance levels that will be key to determining their direction in the coming weeks.
Conclusion
Toncoin may follow the path of SUI and break its key resistance if it manages to consolidate its recent gains and surpass the $3.30 area. However, success will depend on market sentiment, token supply management, and technological adoption. Monitoring these technical and fundamental levels will be crucial for traders and investors in the short term
