Coins to Watch: Potential Reversal Incoming—ALGO, AVAX, SUI
Why These #altcoins Could Bounce:
1. ALGO (Algorand)
👉Formed a double-bottom pattern, with support around $0.15–$0.16 and a breakout above the $0.26 neckline.
👉A successful close above $0.27 could open the door for a retest of $0.34—or even a higher high soon.
2. AVAX (Avalanche)
👉Tested its $27 resistance twice, failed, and then found support near $21 (50 SMA).
👉A bullish crossover around 20- and 50-day moving averages and a rebound could signal a breakout toward the $27 level—roughly a 17% move.
3. SUI
👉Broke above the 20-day EMA, with a bullish alignment between the 20- and 50-day MAs.
👉After a strong candle crossed the 7-day EMA, a full MA stack could drive a move to the $4.30–$4.40 resistance zone soon.
Quick Summary Table
Coin - $ALGO
Trigger Signal - Close above $0.27
Resistance Target - ~$0.34
Coin - $AVAX
Trigger Signal - Break above $27
Resistance Target - ~17% upside
Coin - $SUI
Trigger Signal - MA stacking bullish
Resistance Target - $4.30–$4.40
Key Takeaway for Traders
Patience pays off: wait for clear entries above key resistance levels before jumping in. These coins show classic reversal setups with technical triggers, making them worth monitoring in the coming week.