US SEC has postponed decisions on Cardano and Avalanche Grayscale spot exchange-traded fund (ETF) application from 29th May to 13th July. The absolute duration and date of final ruling remains same i.e. 240 days and 22nd Oct. 2025 respectively. Final Verdict on Cardano And Avalanche Spot ETF Moved to 13th July According to an SEC release, the Commission confirmed its decision to push back its decision on Grayscale’s Avalanche and Cardano ETFs. Per the release, the SEC is opting to delay Grayscale’s attempt to convert its Avalanche Trust into a spot ETF review. As reported by Coingape earlier, the SEC acknowledged the Grayscale Cardano Spot ETF on 24th Feb. 2025. Source: ChatGpt, SEC delays Cardano and Avalanche Spot ETF to 13th July On the… Read More at Coingape.com
Sui price went parabolic in April as meme coins in its ecosystem soared. It more than doubled from its lowest level on April 7 and its highest swing last week. These gains may get undone soon as the network nears a giant token unlock worth $296 million on May 1.
$296M SUI Tokens to Flood Ahead of May 1 Unlock Event
The value of Sui may come under selling pressure in the next few days as the network unlocks 88.34 million tokens worth $296 million on May 1. This token unlock is part of its monthly unlock, when it releases over 50 million tokens as part of its vesting schedule.
Most of the unlocked tokens will go to Series B investors, who will receive 19.32 million of them. 14 million of these tokens will be allocated towards staked subsidies, while the remaining tokens will be distributed to early contributors and Mysten Lab Treasuries.
Sui holders will continue being diluted for many years as the circulating supply is 3.24 billion against a total supply of 10 million. As the chart below illustrates, the last Sui token unlock is scheduled to occur in May 2030.
Sui Unlocks
A token unlock is a situation where new coins are brought in the market as part of the vesting schedule. It is often seen as a bearish thing since it introduces new supply in the market, which may affect price when there is no equal demand.
However, tokens don’t always drop ahead or after a unlock since the vesting schedule is usually publicly available. This means that investors have already priced in the future unlocks. For example, TRUMP price jumped after a $300 million token unlock earlier this month.
Sui Price Prediction & Top Down Analysis
Sui Token Price Weekly Analysis
The weekly chart shows that the Sui token reached a high of $3.8690 this month. These gains happened last week as Bitcoin and most altcoins jumped.
There are signs that the momentum is waning as the coin has pulled back this week. It is also slowly forming an evening star candlestick pattern. A small body and upper and lower shadows characterize this pattern. Since this is a weekly chart, it will be confirmed if it ends the week around the $3.5 range.
More selling pressure, because of the token unlocks, may see the coin drop to a low of $2.3436, the highest swing in October last year. A weekly close above the high of $3.8690 will invalidate the evening star candle and point to a Sui price forecast. Such a move would signal more gains, potentially to the psychological point at $5.
Sui Price Weekly Chart
Sui Coin Price 4-Hour Chart Analysis
The four-hour chart paints a more dire picture of the Sui price. That’s because it formed what looks like a double-top pattern at $3.811. It has now moved slightly below the crucial support at $3.4120.
Oscillators also show that it is losing momentum. The Relative Strength Index has moved below 50, while the Awesome Oscillator (AO) bars are about to move below the zero line. A bearish momentum is often confirmed when the RSI drops below 50, and when the AO crashes below zero.
SUI price 4H chart
Therefore, this chart means that the Sui coin price may drop by at least 20% in the near term to $2.7377.
Summary
Sui has become one of the top chains in the crypto industry, gaining market share in an industry like decentralized finance (DeFi). While the long-term bullish trend may remain, the value of Sui may drop further in the immediate short term.
Dogecoin (DOGE) price has recently struggled with momentum, failing to break key resistance levels. As of press time, DOGE is holding at $0.169, just above the crucial support of $0.164.
This stagnation hints at the potential for further declines, but key investors are still holding strong.
Dogecoin Is Facing Challenges
The liquidation map reveals that approximately $216 million worth of long positions could face liquidation if Dogecoin’s price declines to $0.150. This price is not far from its current critical support of $0.164.
If DOGE drops below this level, the liquidation of long contracts could fuel a further sell-off, pushing the price lower. This would likely prompt more bearish sentiment among traders, discouraging new investments in the meme coin.
Moreover, the threat of liquidation looms large as the price hovers near critical support levels. If DOGE continues to weaken, traders may be more inclined to exit positions, exacerbating the downtrend.
On the other hand, Dogecoin’s long-term holders (LTHs) seem to be focused on accumulating the asset at its current low price.
The HODLer net position change shows an increasing number of LTHs who are confident in eventual price recovery. As DOGE remains relatively inexpensive, these investors view the current conditions as a potential opportunity for future gains.
This accumulation by LTHs could serve as a buffer against further price declines. Their confidence in Dogecoin’s recovery and long-term potential is helping to sustain the current price levels. If these holders continue to accumulate, it could prevent a drastic drop and even pave the way for a future price rebound.
Dogecoin HODLer Net Position Change. Source: Glassnode
DOGE Price Correction Unlikely
At the time of writing, Dogecoin is trading at $0.169, just above the critical support of $0.164. The altcoin has been unable to break the $0.176 resistance for several days, showing signs of stagnation.
The likely outcome is continued consolidation above $0.164 as investors await a potential catalyst for upward movement.
If Dogecoin manages to breach the $0.176 resistance, it could quickly rise to $0.198, marking a positive shift in sentiment. This would likely encourage more buying activity and help push the price higher.
However, without sufficient momentum, DOGE will remain trapped within its current range, potentially facing further consolidation.
If the price falls below $0.164, it could slip to $0.147 in the coming days, triggering more than $216 million in long liquidations. This scenario would signal a shift toward bearish momentum, invalidating Dogecoin’s bullish outlook.
The coming days will be crucial in determining whether DOGE can recover or continue its decline.
The crypto market is witnessing some cautious declines today, with the total market capitalization dropping below $2.9 trillion. Major tokens like Bitcoin and Ethereum slipped, driven by profit-taking and market consolidation. Meanwhile, the POL (Prev. MATIC) price has been showing strong bullish momentum and has delivered an impressive performance today. This validates its growing relevance within the market, which may help the MATIC price to keep up the bullish trend.
The POL price surged over 14% to $0.2529, breaking the key resistance on strong volume amid bullish sentiment. This upward momentum follows a volatile month for POL, which plunged to a 30-day low of $0.1533 in the first week of April before staging a dramatic rebound. The current price action not only marks a striking short-term gain but also signals a potential end to the prolonged downtrend that defined the POL since December 2024.
Why POL Price is Rising? WIll it Reach $1 in 2025?
The rally was catalyzed by the announcement of the Agglayer Breakout Program, which aims to incentivize POL staking through project airdrops. This has increased the activity within the ecosystem and also the demand for the token has risen significantly. Technically, POL broke out above a critical resistance zone near $0.22, which had capped prices during weeks of accumulation. Therefore, this decisive move, supported by a rise in volume and open interest, suggests a genuine shift in the market sentiment, which could initiate a 30% to 40% rise.
As seen in the above chart, the POL price has broken above the descending trend line but failed to secure levels above $0.257, which is an important resistance level. The crypto attempted to surpass the upper band of the Gaussian channel that could have validated the beginning of a bullish trend. However, the bears restricted the move, but the MACD formation suggests the upswing may continue as the levels are heading back to the positive range for the first time in 2025.
Therefore, the POL (Prev. MATIC) price is expected to close the day’s trade above $0.257, which could validate the bullish divergence. Some overbought signals may prompt short-term volatility, but the token’s reversal from recent lows and a rise in the trader’s attention suggest the POL price could enter a new bullish phase soon.
The post Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1? appeared first on Coinpedia Fintech News
The crypto market is witnessing some cautious declines today, with the total market capitalization dropping below $2.9 trillion. Major tokens like Bitcoin and Ethereum slipped, driven by profit-taking and market consolidation. Meanwhile, the POL (Prev. MATIC) price has been showing strong bullish momentum and has delivered an impressive performance today. This validates its growing relevance …
