Currency $SUI has shown a strong bullish reaction starting from the golden Fibonacci zone (correction 0.618-0.786), forming a rounded bottom pattern indicating a potential medium-term reversal.
🔹 Buy Zone: $2.10 - $2.40 (Fibonacci Zone) 🔹 Current Price: Approximately $2.88 🔹 Bullish Trend: Continuation of the rise within an upward channel
Targets:
🎯 First Support Level: $4.8865 🎯 Second Support Level: $7.4445
Staying above the trend line and maintaining trading volume may push currency $SUI towards these targets.
💰 The weekly chart for currency #سولانا looks explosive! 🚀
😳 300 days of accumulation above the main support area 🐃 Confirmation of a massive bullish breakout (high probability) 🔥 Recovery of key resistance levels and entering price discovery mode
Tezos is currently at a key support level after a prolonged downtrend. The chart indicates a potential equivalent recovery, forming a rounded bottom pattern that could signal a trend reversal.
Support Area: $0.60 - $0.74
Resistance Levels: $1.447, $1.843, and $2.290
A strong bounce from the support level of $0.60 - $0.74 could lead to a bullish wave.
If $1.447 is reclaimed, we may see a price acceleration towards $1.843 and $2.290.
Failing to stay above $0.60 could lead to further declines, invalidating the bullish setup.
🚀 #DASH is ready for a strong rebound from the main support! 🚀
Currently testing a strong accumulation area that previously acted as a major support level. This represents a potential accumulation zone before the bullish breakout.
$FET is currently trading at $0.642, showing a significant downward trend but approaching a critical support area. The current market structure indicates that we are in an accumulation phase, which may lead to a potential breakout.
$XLM is approaching a major buying zone near $0.2127, which aligns with the 0.786 Fibonacci retracement level. This area presents a potential buying opportunity, with an expectation of a reversal from this support level.
🚀 A confirmed breakout from the descending channel could push $XLM towards $0.5734 and beyond.
Common technical indicators such as moving averages and oscillators are showing positive signals for SUI. The overall rating shows a “strong buy” signal, indicating a potential bullish momentum.
Price Performance:
Currently, SUI is trading at $3.22, with a daily range between $3.09 and $3.44. The coin has seen a slight decline of 0.04734% in the last 24 hours.
Latest Developments:
The Sui Foundation recently announced the launch of a $51.3 million fund to boost its decentralized finance (DeFi) ecosystem. The investment aims to support DeFi developers and the development of DeepBook, an on-chain order book platform that aims to achieve high-speed functionality similar to Nasdaq.
Conclusion:
SUI is showing bullish momentum supported by positive technical indicators and recent developments in the ecosystem. .
$SOL has come out of the consolidation phase and is now heading upwards with strong bullish momentum. The price is retesting its previous resistance, which is now acting as a support level, paving the way for a significant upside 🚀.
Price Targets:
🎯 Target 1 (T1): $320.85 🎯 Target 2 (T2): $403.57
This breakout indicates the potential for a significant upside, with Fibonacci levels aligned with the targets 🔥.