Ah, the final gasp of the old year! On the 31st of December, as the world prepared to toast to new beginnings, Bitwise-ever the opportunist-filed for 11 cryptocurrency ETFs. Among the chosen few was Sui, a token that, like a forgotten relative at a family reunion, suddenly found itself in the spotlight. 🌟
Since then, Sui’s price has leaped nearly 19% in three days. A modest miracle, or just the market’s way of saying, “Happy New Year, suckers!”? 🎉
Meanwhile, Bitcoin, that stubborn old bull, was butting heads with the $90k resistance zone at the time of writing. Its dominance has slipped since Tuesday, the 30th of December-a sign that the altcoins are having their moment in the sun. Or, more likely, their fleeting dance in the moonlight. 🌕
But can this altcoin strength last? Will Sui [SUI] ride this wave into a sustained uptrend, or will it crash harder than a New Year’s resolution by February? 🤔
Why Sui Might Just Keep Soaring-70% Rally, Anyone?
The 1-week chart, as bearish as a winter storm, hints at a price bounce. A weekly close above $1.79 would be the bulls’ way of saying, “We’re not done yet!” 🦬 This could propel prices toward $2.95 and $3.4-Fibonacci levels that sound fancier than they probably are. 📈
Yet, neither momentum nor buying pressure screams “bullish strength.” It’s like cheering for a marathon runner who’s jogging in flip-flops. 🏃♂️👡
Or Will the Party End at the Range Highs?
The range formation (purple, because why not?) caps at $1.68, and Sui was trading above it at the time of writing. A daily close above this level would be a bullish battle cry. ⚔️ But fail to break free, and it’s a bearish alarm louder than a New Year’s Eve fireworks display. 🎆 As things stand, the latter seems as likely as a crypto bear market lasting only a week. 🐻
Traders, Grab Your Popcorn-Buy the Breakout!
The OBV is climbing like a cat up a curtain, and the Awesome Oscillator has made a bullish crossover. Demand and momentum are rising, just like the price of champagne on December 31st. 🍾 Bitcoin [BTC] has also conquered the $90k resistance, fueling market-wide optimism. Or is it delusion? 🤪
As the weekly chart suggests, traders can buy the breakout and aim for targets like $3.40. Because why not dream big? After all, in crypto, hope is the only currency that never devalues. 💭
Final Musings
- Sui’s rally? Likely a mix of Bitwise’s ETF news and Bitcoin’s bounce. Or maybe just the market’s way of saying, “Let’s keep things interesting.” 📰
- A breakout past $1.68 could send Sui to $2, and maybe even $3.40 in the coming weeks. Or it could all be a mirage in the crypto desert. 🏜️
Read More
- OP PREDICTION. OP cryptocurrency
- USD TRY PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- XRP Alert: Brad’s Swiss Secrets Could Blow Your Crypto Mind!
- GBP USD PREDICTION
- ALGO PREDICTION. ALGO cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- USD IDR PREDICTION
- USD MYR PREDICTION
- EUR TRY PREDICTION
2026-01-04 10:27