SUI price outlook: bulls on edge as $173M token unlock looms

  • Sui gained 7% in the past day to $3.94 intraday high.
  • A massive unlock on August 1 sparks fears of potential bearish pressure.
  • Holdings above $0.275 could support imminent breakouts.

Digital currencies saw mild gains on Friday as the global crypto market cap increased by 0.55% the previous 24 hours to $3.9 trillion.

While most alts signal recoveries, SUI led today’s gainers with an over 7% surge to $3.94.

The uptrend has excited enthusiasts who are watching for new breakouts.

Nevertheless, the upcoming $173 million SUI unlock on August 1 has dented investor confidence due to potential selling pressure after the massive token release.

Can the altcoin withstand the bearish storm?

SUI’s August 1 unlock

Token unlocks are usual in the cryptocurrency market, but they often trigger anxiety as they can influence short-term price actions.

Sui’s upcoming unlock isn’t an exception.

According to Tokenomist, Sui will release 44 million tokens, worth around $173 million at current prices, on August 1.

That’s a massive figure, especially considering the prevailing broad market uncertainty and SUI’s market dynamics.

Significant token unlocks flood the markets, possibly introducing substantial selling pressure when recipients offload part of their balances.

In Sui’s case, the $173 million unlock could test its current momentum.

The altcoin trades at $3.95, and participants would now closely watch the ‘reliable’ support barrier at $3.75.

The foothold has previously held strong amid pullbacks.

If SUI holds $3.75 throughout unlock-driven volatility, it would be an optimistic signal.

Healthy performance after token release will indicate impressive demand despite the surge in supply.

Such an outlook would position Sui as a maturing blockchain unbothered by short-term events.

Bulls could hold the line after July’s robust performance

The primary question remains whether buyers can maintain control amidst the supply shock.

The latest uptick to $3.94 has renewed optimism about another breakout.

However, SUI should hold above the support at $3.75 to absorb the upcoming token supply without panic selling.

Meanwhile, SUI heads into August after an impressive monthly performance, which will likely add upside steam.

Sui’s total value locked closed July with a fresh all-time high above $2 billion after stable uptrends since late June.

A surging TVL is crucial since it confirms the chain’s overall financial health, highlighting increased adoption and growth.

It is a key liquidity indicator.

More total value locked makes it easier for individuals to execute trades without substantial price slippages.

Also, SUI’s decentralised exchange (DEX) volume hit record highs of $14.3 billion in July.

SUI’s current price outlook

The altcoin displayed impressive recoveries after hitting a low of $3.69 yesterday.

SUI trades at $3.94 with a 15% uptick in trading volume, demonstrating a possible momentum shift to the upside.

Short-term technical indicators suggest a buyer comeback.

The MACD has just made a bullish crossover with the signal line on the 3H timeframe.

Moreover, the RSI at 52 suggests neutral sentiments as bulls look to flip the script.

Holding $3.75 amid the looming unlock might support uptrends to the Monday high near $4.35, opening the path to $5.

The post SUI price outlook: bulls on edge as $173M token unlock looms appeared first on CoinJournal.

ATOM risks dropping below $4 as bearish momentum accelerates

Key takeaways

  • ATOM is up by less than 1% as the bearish momentum accelerates.
  • The coin could drop below $4 soon if the bearish trend continues.

Crypto Market Remains Volatile

The cryptocurrency market has been extremely volatile over the last 24 hours, primarily fueled by the FOMC meeting on Wednesday. The Fed kept its interest rate unchanged, causing a widespread dip in the crypto market.

The news saw ATOM, the native coin of the Cosmos blockchain, temporarily decline to the $4.2 mark. At press time, the price of ATOM stands at $4.49 and risks dropping $4 if the bearish trend grows stronger.

ATOM’s recent poor performance comes despite positive ecosystem developments within the Cosmos ecosystem. Cosmos recently reached 100 live chains and is progressing XRP integration via the Cosmos SDK and IBC.

With multiple supports breaking and sellers firmly in control, the path of least resistance remains downward.

ATOM could drop below $4 soon as sellers remain in control

The ATOM/USD 4-hour chart remains bearish and efficient as sellers remain in control. The technical indicators are also flashing bearish, suggesting a heavy selling pressure on the cryptocurrency.

The RSI of 43 shows that ATOM is within the negative range and could record further losses if the momentum remains unchanged. The MACD lines are also within the bearish zone, indicating selling pressure.

ATOM/USD 4H Chart

If the market conditions persist, ATOM could drop to the $3.9 support level formed earlier this month. An extended bearish run would see ATOM hit the $3.5 level for the first time since June.

However, market conditions remain volatile and could see ATOM rally higher in the near term. If the market conditions turn bullish, ATOM could surge above Monday’s high of $4.88. However, it would need the help of the broader crypto market to surge above the weekly high of $5.3.

The post ATOM risks dropping below $4 as bearish momentum accelerates appeared first on CoinJournal.

Best crypto presale right now? BPENGU is closing in on the $2M mark

  • BPENGU has all the hallmarks of the best crypto presale to buy right now.
  • Over $1.7 million has already been raised, and early buyers in Stage 1 are now staring at massive gains.
  • Bitcoin Penguins isn’t just riding on meme momentum.

Markets are buzzing again, even if the Fed is still holding back.

While Jerome Powell stopped short of promising a rate cut in September, crypto investors are already looking past macro noise and rotating capital into new opportunities—and few tokens are turning heads quite like Bitcoin Penguins (BPENGU).

With a fixed, rising-price presale model and an exploding community behind it, BPENGU has all the hallmarks of the best crypto presale to buy right now.

Over $1.7 million has already been raised, and early buyers in Stage 1 are now staring at massive gains by the time the final stage closes on August 27.

But that’s just the beginning.

Why Bitcoin Penguins is the presale to beat

The hype is real—and so are the fundamentals.

Bitcoin Penguins isn’t just riding on meme momentum.

Its team has put together a launch plan that solves the biggest issues from past projects, like insider concentration and vague token utility.

Only 3% of the total supply is allocated to team and advisors, leaving the lion’s share for the community, staking, and liquidity.

That means early buyers aren’t just getting in cheap—they’re getting in ahead of what could be the next meme blue-chip.

PENGU has already emerged as a standout performer this cycle, rallying 150% over the past month and cementing its status as a leading meme coin.

Bitcoin Penguins builds on that momentum, merging the viral appeal of penguin-themed tokens with direct integration into the Bitcoin ecosystem—an intersection that remains largely untapped and ripe for exploration.

BPENGU also introduces weekly 1 BTC jackpots for stakers and 100% APY rewards, offering actual financial incentives to hold.

That kind of earning potential is almost unheard of at this stage—and it’s happening just as altseason takes off.

Fed uncertainty, crypto clarity

Jerome Powell may be hesitant to commit to cuts, but the crypto market isn’t waiting around.

With equities chopping sideways and inflation risks still present, investors are increasingly eyeing high-upside plays—and presales are back in favour.

Powell’s remarks on tariffs pushing up consumer prices add more pressure on the Fed to stay higher for longer.

That has historically driven interest into alternative assets, and BPENGU is catching that wave early.

With its September 2 listing approaching fast, and presale momentum building daily, Bitcoin Penguins isn’t just another crypto launch—it’s shaping up to be one of the biggest meme events of the year.

If you’re looking for the best crypto presale to buy now, this might just be it.

The post Best crypto presale right now? BPENGU is closing in on the $2M mark appeared first on CoinJournal.