Monat: August 2025

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SUI price prediction: SUI dips 5% amid heavy selling pressure

Key takeaways

  • SUI is down 5% in the last 24 hours, dropping below the $4 mark.
  • The broader market is facing heavy selling pressure, with BTC now below $119k.

Altcoins suffer huge losses

The cryptocurrency market is having a bearish start to the week, with major coins and tokens currently in the green. Bitcoin, the leading crypto by market cap, is down by over 2% and has dropped below the $119k level after hitting $122k over the weekend.

Ether has maintained its price above $4.200 as it remains the strongest altcoin, while XRP is trading around $3.15, down 3.6% in the last 24 hours. 

SUI, the native coin of the Sui blockchain, has lost 5% of its value, a similar average to other leading altcoins. It has now dropped below $4 and currently trades at $3.6846 per coin. The bearish performance comes amid heavy selling pressure in the market.

Data obtained from CoinMarketCap shows that SUI’s open interest (OI) has dropped 15% to $1.79 billion. Furthermore. Funding rates, which affected the cost of holding leveraged long positions, declined to 0.0083%, down sharply from their July peak of 0.075%. 

These data show that traders are not eager to maintain bullish leveraged bets, suggesting a cooling in market sentiment.

The bearish performance also comes after Swiss digital asset bank Sygnum announced on Friday that it expanded its offerings to include custody, trading, and lending products tied to the Sui blockchain.

SUI could retest the $3.2 low if selling pressure persists

The SUI/USD 4-hour chart is bearish and efficient as the coin is currently underperforming. The efficiency suggests that SUI has grabbed liquidity to the upside and could drop further.

The RSI of 43 shows that SUI could enter the oversold region if the negative sentiment thickens. The MACD lines are also looking to crossover into the negative territory amid selling pressure.

SUI/USD 4H Chart

If the market conditions persist, SUI could drop to the $3.2 support level over the coming hours. The support could hold and allow SUI to bounce back in the near to medium term. However, failure to hold will see SUI test the July low of $2.65.

If the market conditions improve, SUI could reclaim the $4.0 weekend high before rallying towards $4.43. 

The post SUI price prediction: SUI dips 5% amid heavy selling pressure appeared first on CoinJournal.

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Bitcoin eases from $122,000 high on profit-taking; CPI report looms

  • Bitcoin’s push toward new records was stopped by profit-taking, causing a price retreat from a high of $122,200 back to $118,500.
  • A technical gap in the CME futures market between $117,430 and $119,000 has created a potential target for a short-term price pullback.
  • Upcoming US inflation data, particularly the CPI, is considered the week’s most significant catalyst for potential market volatility.

A promising overnight surge that propelled Bitcoin within sight of new records was cut short by a wave of profit-taking, pulling the leading cryptocurrency back and setting a cautious tone for the week.

The market now holds its breath, caught between the allure of all-time highs and the looming shadow of critical economic data that could ignite significant price swings.

After reaching a session high of $122,200, Bitcoin (BTC) saw its momentum fade, retreating 2.8% to land at $118,500.

Despite the pullback, the digital asset remained slightly positive over a 24-hour period.

In the broader crypto market, Ether (ETH) maintained its position above the $4,200 mark, while major altcoins such as Solana’s SOL (SOL), Dogecoin (DOGE), and Sui’s native token (SUI) experienced modest dips of 3%-4%.

One technical indicator drawing considerable attention from traders is a “gap” left in the CME futures market, which, unlike the 24/7 crypto market, operates only on weekdays.

This created a void between Friday’s closing price of $117,430 and Monday’s higher open at $119,000.[3] James Van Straten, senior analyst at CoinDesk, noted that historical precedent suggests Bitcoin often retraces to “fill” such gaps.

“History suggests that BTC could pull back to revisit and ‘fill’ that gap,” he said.

Economic crosswinds

The market’s next significant directional move may well be dictated by macroeconomic forces.

The release of the US Consumer Price Index (CPI) on Tuesday, followed by Producer Price Index (PPI) data, is circled on every trader’s calendar.

These inflation reports are critical as they heavily influence the Federal Reserve’s monetary policy, which in turn impacts investor appetite for risk assets like Bitcoin.

This sentiment was echoed by analysts at the crypto exchange Bitfinex, who believe the continuation of Bitcoin’s momentum is contingent on these US economic reports.

“With market sensitivity to macro events running high, traders should prepare for increased volatility and the possibility of a retracement toward $110,000 in the near term,” the Bitfinex analysts wrote in a Monday market report.

They added, “We believe that the ranging conditions and oscillation between the range highs and lows will continue, since price is constantly moving above and below the cost-basis of fresh buyers allowing for charged sentiments around key macro data releases.”

A rally built on shaky ground?

Beneath the surface of the recent price surge, however, are signs that the rally lacked broad-based participation. In a recent report, the analytics firm Glassnode described the sharp rebound from below $114,000 as a shift from “seller exhaustion to a strong rebound near recent ATHs.”

Yet, this recovery was not accompanied by a surge in spot market buying.

Glassnode data revealed that spot trading volumes actually fell by 22% to $5.7 billion, a figure near the statistical low, suggesting the upward price movement was driven more by strategic “positioning shifts than deep conviction buying.”

While a metric known as the Spot Cumulative Volume Delta flipped 94% toward buy pressure—a sign that aggressive selling has subsided—it also points to renewed demand from a narrow base of traders rather than a widespread market rush.

On the institutional front, the data presents a mixed, albeit slightly optimistic, picture. Outflows from US-listed spot bitcoin ETFs were halved, dropping to $311 million from $686 million in the preceding week, offering some relief.

Even so, the total trade volume for these ETFs saw a 27.7% decline to $13.7 billion, indicating that overall activity remains subdued and close to its low band.

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Chainlink price: LINK eyes new leg up amid ICE collaboration

  • Chainlink price traded around $21.47 on Aug. 11, 2% down from highs of $22.55 in 24 hours. 
  • Ethereum led top altcoins like Bitcoin Cash and BNB higher as it crossed above $4,300.
  • Chainlink’s partnership with  Intercontinental Exchange could be a key catalyst.

Chainlink (LINK) price has retreated 2% in the past 24 hours to trade around $21.47, slightly off its multi-week highs of $22.55.

This bucks the uptick for Bitcoin and top altcoins such as Ethereum, Bitcoin Cash and BNB. LayerZero also rose.

However, as the market digests the potential impact of its latest partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), could Chainlink price embark on a new leg up to target the all-time high above $52?

Chainlink joins forces with NYSE parent ICE

The Chainlink ecosystem witnessed a major unveiling recently when the oracle networks platform launch Chainlink Data Streams for US stocks and ETFs. Traction for the solution has netted a major partnership as Chainlink collaborates with ICE.

According to a press release, the integration brings high-quality forex and precious metals rates from ICE’s consolidated feed to Chainlink’s Data Streams.

In short, ICE’s Consolidated Feed, which aggregates data from more than 300 global exchanges and marketplaces, has added FX and precious metals rates to the Chainlink Data Streams.

The move allows for the use of the solution to power over 2,000 applications, banks, asset managers, and infrastructure providers across the Chainlink ecosystem.

Benefits include growth in network activity – particularly in tokenized assets and products.

Leveraging ICE’s institutional-grade infrastructure means Chainlink adds to its traction in bridging traditional markets and the DeFi ecosystem.

“Using ICE’s Consolidated Feed data as an input into Chainlink’s derived FX and precious metals rates onchain via Chainlink’s institutional-grade infrastructure is a watershed moment in the evolution of global markets,” said Fernando Vazquez, president, capital markets at Chainlink Labs. “This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”

LINK price outlook: Is Chainlink poised to mirror ETH?

Ethereum (ETH), which continues to experience significant price gains amid key institutional demand and treasury interest, trades near $4,300.

The ETH price gain has helped other altcoins higher, hitting highs of $4,363 as Bitcoin Cash, Uniswap, Monero, and BNB rose.

LINK showed similar movement as it rose sharply from lows of $15.60 this past week.

Bulls are signalling resilience with the price above $21, with technical outlook suggesting they could see a new leg up.

The ICE partnership among other integrations, point to real traction and a break to $30 could see Chainlink price target $50 and the altcoin’s all-time high above $52.

If LINK mirrors ETH’s trajectory, it might see a steady climb supported by growing tokenized real-world asset (RWA) markets. On the downside, LINK’s main support areas would be around $20 and $16.

The post Chainlink price: LINK eyes new leg up amid ICE collaboration appeared first on CoinJournal.