A sweeping move just hit SUI as $95.9K in short positions were wiped out at $2.416, signaling a possible bullish pivot.
Market Breakdown:
Momentum Shift: This clearance of bearish positions suggests that if SUI can hold its ground, a breakout may be on the horizon. Key Level Watch: Maintaining support at and above $2.416 is critical. A breach might slow the rally, but a solid hold could propel prices toward the $2.5+ range.
Pro Signal:
Stay alert and manage your exposure with precision. If SUI sustains its current pace, consider a gradual buildup to leverage the upward momentum.
As of May 23, 2024, the market capitalizations of Bitcoin, Ethereum, BNB, Solana, Ripple, Dogecoin, Toncoin, Cardano, and Shiba Inu Coin are US$1.40 trillion, US$442.84 billion, US$88.33 billion, US$83.07 billion, US$29.67 billion, US$23.57 billion, US$22.73 billion, US$17.85 billion, and US$14.96 billion, respectively.
Currently, the total market capitalization of the cryptocurrency market is $2.43 trillion, with Bitcoin and Ethereum accounting for the majority of the market capitalization. Bitcoin is a digital currency that can be transferred directly between users on the Bitcoin peer-to-peer network without the need for a central bank or single administrator. Network nodes use cryptography to verify transactions, which are then recorded in a public distributed ledger called a blockchain.
Litecoin (LTC) has been showing strong momentum, but will it break out? With market trends shifting and Bitcoin leading the charge, $LTC /USDT could be gearing up for a major move! 📈
💡 Key Factors to Watch:
✅ Bitcoin’s price action – LTC often follows BTC’s lead
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