Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
Bitzo 2025-01-30 12:32:24

Solana (SOL) and Sui (SUI) Take the Lead in Altcoin Rally: An Analysis of Price Movements

Solana (SOL) and Sui (SUI) Take the Lead in Altcoin Rally: An Analysis of Price Movements

Following an FOMC meeting on Wednesday that many viewed as positive, Bitcoin (BTC) and other altcoins are experiencing an upward surge. Among them, Solana (SOL) and Sui (SUI) are at the forefront. $SOL breakout missing momentum Source: TradingView It seems that $SOL is attempting a breakout, as the 4-hour chart shows a candle body opening above the descending trendline. This might suggest the start of an upward movement. However, a crucial component for a breakout—volume—is lacking. Observing the chart's base, the volume profile appears almost empty. While this doesn’t rule out the possibility of volume increasing later, the current situation lacks the necessary momentum. $SOL encounters significant horizontal resistance Source: TradingView A broader view on the daily chart reveals that $SOL has hit a crucial point at the $241 horizontal resistance. Should this level be surpassed, it is likely that the needed volume will arrive. Examining the chart’s base, the Stochastic RSI is reaching its bottom on the daily timeframe. This indicator also shows bullish signs on the weekly and bi-weekly timeframes, suggesting a potential for long-term upward momentum. $SUI breaks past descending trendline Source: TradingView On Thursday, $SUI has emerged as a standout performer. The short-term chart shows the price establishing a solid base with a retest of the 0.5 Fibonacci level. Volume is beginning to build, and if the price continues to rise, it's likely to increase further. With the descending trendline breached, the price might return to the trendline's base, potentially facing a rejection before attempting to break through again. This scenario remains to be confirmed. $SUI price solidifies bullish trend Source: TradingView The $SUI weekly chart displays a strong bullish trend. The candle wick from the Deepseek crash has reinforced the upward movement. Observing the Stochastic RSI on the weekly chart, the indicator lines are still descending, which is not yet bullish. However, they are nearing the bottom. Once they reverse and cross above the 20.00 level, this will indicate robust upward momentum, potentially lasting several weeks. Keep a close eye on this. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
787
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.