XRP ETF Set to Eclipse ETH and SOL based ETFs, Says Canary Capital CEO

SUI price has experienced a sharp surge in the last 24 hours, pushing the altcoin toward a potential breakout. 

The recent rally, coupled with favorable broader market conditions, has sparked optimism for a price move to new highs. The altcoin is inching closer to breaking out after a period of consolidation.

Sui is Building Momentum

The Relative Strength Index (RSI) for SUI remains in the bullish zone, suggesting that the altcoin’s upward momentum is strong. The RSI has not yet reached overbought territory, indicating that there is still room for further growth.

This signals that SUI could continue climbing as investor confidence grows.

The healthy position of the RSI supports the view that the price of SUI can maintain its bullish trajectory. The ongoing positive momentum suggests that the altcoin has enough strength to push through the resistance levels ahead, particularly if market conditions remain favorable.

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While the market sentiment appears bullish, SUI faces the threat of massive liquidations. The liquidation map reveals that approximately $25 million in short contracts will likely be triggered if the price reaches $4.35.

This would create significant buying pressure, contributing to a potential surge in price.

The liquidation of short positions is generally viewed as a positive factor for the asset’s price, as it leads to increased demand. The absence of short contracts would help maintain bullish sentiment around SUI, as the market would need to push against fewer sell orders. This sets the stage for a potential breakout.

SUI Price Is Breaking Out

SUI is currently trading at $4.13, attempting to secure support at $4.12 after a 10% jump over the last 24 hours. The altcoin bounced off $3.69, indicating that the recent correction may be over, and the next phase could involve an upward movement. The goal is to establish $4.12 as support and continue the bullish trend.

The next major resistance level for SUI is $4.35. To reach this price target, SUI must hold the $4.12 support level. If the token successfully secures this support, it could push toward $4.35, potentially leading to further gains.

However, the current market uncertainty remains a risk.

If the bullish momentum falters and investors begin to sell, SUI’s price could fall back to $3.93. Losing this support level would likely invalidate the bullish thesis, and SUI may struggle to regain upward momentum.

The post Major SUI Liquidations Loom as Price Breaks 2-Week Consolidation appeared first on BeInCrypto.

Solana has seen impressive price gains recently, reaching a two-month high and coming close to breaching the $180 mark. 

However, it faces a crucial resistance level that has kept the altcoin from pushing past $200. With market conditions and investor behavior at play, the journey to $200 may be challenging for Solana.

Solana Investors Move To Sell

Many Solana (SOL) holders are choosing to book profits, contributing to a rising Realized Profit/Loss ratio. This indicator has surged to 15.0, signaling that excessive selling could be a concern. Historically, when this ratio crosses the 10.0 threshold, it often leads to short-term price corrections.

This profit-taking behavior could also exacerbate market volatility, potentially delaying or halting Solana’s rally. The influx of sales could weigh on the price, even as Solana has managed to make significant gains over the past month. 

As a result, SOL could be facing a reversal.

Solana’s technical indicators also suggest that its bullish momentum might be nearing saturation. The Relative Strength Index (RSI) currently sits above 70.0, placing Solana in the overbought zone. 

This suggests that the altcoin’s rally could be reaching its peak, similar to what occurred in mid-January 2025, when Solana’s price saw a drop after hitting similar levels. The RSI, combined with investor behavior, signals that Solana’s price may be nearing a short-term decline.

SOL Price Faces An Old Enemy

Solana’s price has surged by 61% over the last month, trading at $170 at the time of writing. The altcoin is just under the resistance of $180, not too far from the long-awaited $200 mark.

If the current momentum continues, Solana could break past this resistance and rally towards the $200 milestone, sparking further interest and investment.

However, the factors discussed above may cause concern for Solana’s price. The combination of increased selling pressure and overbought technical indicators could lead to a reversal.

In this case, Solana’s price may fall to $161 or lower, with the $148 level potentially becoming the next key support. This would keep the 3-month barrier of $180 intact, delaying the long-awaited breakthrough.

On the other hand, if the SOL being sold is absorbed by new investors, and the price can hold its gains, Solana may push past the $180 resistance. This would open the path to $200, invalidating the bearish outlook and continuing its bullish trend. Such a move would require sustained market confidence and demand to overcome the current barriers.

The post Solana Price Hits 2-Month High, but Breaking the $200 Barrier is Challenging appeared first on BeInCrypto.