CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Daily 2025-01-30 12:31:50

Solana (SOL) and Sui (SUI) Lead the Altcoin Breakout: A price Analysis

After what was generally perceived as a bullish FOMC meeting on Wednesday, Bitcoin (BTC) and altcoins are surging higher. Solana (SOL) and Sui (SUI) are leading the altcoin pack. $SOL breakout lacking volume Source: TradingView To all intents and purposes the $SOL price appears to be breaking out. A candle body on the 4-hour chart has opened above the descending trendline, and one might think that it’s onwards and upwards from here. However, one very vital element for a successful breakout is missing, and that is volume. Looking at the bottom of the chart, the volume profile is registering next to nothing. That’s not to say that volume couldn’t come in at some point, but as it stands, the rocket boosters are lacking. $SOL reaches strong horizontal resistance Source: TradingView Zooming out into the daily chart, it can be seen that a critical point has been reached, in the form of the $241 horizontal resistance. If this can be breached, the required volume would very likely arrive. Looking at the bottom of the chart, the Stochastic RSI is bottoming on the daily time frame. This indicator is also looking very bullish on the weekly and 2-weekly time frames, signalling longer term upside price momentum. $SUI breaks through descending trendline Source: TradingView It’s $SUI that is the big star of the show so far on Thursday. The short-term time frame above shows how the price bottomed nicely with a retest of the 0.5 Fibonacci. Volume is coming in, and should the price continue higher, more would probably arrive. The descending trendline has been broken, and the price could be expected to get back to the bottom of the trendline, perhaps be rejected, and then pierce through on the next attempt. This all remains to be seen. $SUI price confirms the bull trend Source: TradingView The weekly chart for $SUI is quite bullish. The candle wick down from the Deepseek crash just confirmed the upward bull trend. Looking at the Stochastic RSI on the weekly, at the bottom of the chart, it can be seen that the indicator lines are still dropping. While this is not bullish, it does mean that they are getting nearer the bottom. Once they do bottom, and the indicator lines cross back up over the 20.00 level, this will signal very strong upward price momentum, potentially for a period of a few weeks. Watch this one closely. 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.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约