Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Sui breaks $3 resistance: Is a new ATH next?

  • SUI is currently priced above $3, rallying higher following a descending wedge breakout. 
  • An ascending triangle pattern on the 4-hour chart signals bullish flip. 
  • However, while MACD suggests buyers are in control, the RSI is near overbought territory.

Sui (SUI) has surged to the critical $3 resistance level, breaking above it amid double-digit gains in the past 24 hours.

CoinGecko data shows SUI price trading more than 11% up in this period, with a notable 102% spike in trading volume that hovered around $1.28 billion.

The price gains to intraday highs of $3.05 put the altcoin above a key supply wall, which offered both a psychological and technical barrier in recent weeks.

Notably, Sui ecosystem tokens, including Walrus and DeepBook Protocol, have also surged in the past 24 hours.

Sui eyes gain amid bullish momentum

SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and major altcoins like Ethereum, XRP and Solana higher.

Tailwinds for altcoins helped Sui price, with this coming amid a recent bounce from lows of $2.3.

Robust on-chain fundamentals that have also seen Sui blockchain’s total value locked (TVL) hold above $2.2 billion signal overall confidence in the ecosystem.

Other metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.

Sui is also seeing notable growth in developer activity, leading the Move ecosystem.  Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.

The 11% surge has extended SUI’s upward price action over the past two weeks. Sui’s losses in the past month are indeed down to 8%.

Sui price prediction

With SUI attempting to break above $3, bulls may target key levels of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into view.

Notably, buyers are upbeat after the token broke out of a descending wedge pattern. That move allowed for a bullish reversal as long bets ramped up.

Additionally, the formation of an ascending triangle pattern on the 4-hour chart has reinforced the bullish outlook. Given this outlook, the $3 level could act as a springboard for potential further gains. 

Sui chart by TradingView

On the technical front, key indicators show buyers are in control.

The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the histogram suggesting that bulls currently hold the upper hand.

However, the Relative Strength Index (RSI) is trending at 70 and an extended uptick into the overbought territory could signal a potential downturn.

In this case, macro headwinds and profit-taking could mean a short-term flip to support levels around $2.6.

The post Sui breaks $3 resistance: Is a new ATH next? appeared first on CoinJournal.

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TRON price forecast as USDT supply surpasses $80 billion

  • USDT supply on TRON has surpassed $80 billion, accounting for over 50% of circulating USDT.
  • TRX price is currently at $0.27, but could rise to $0.44 in the short term amid bullish momentum. 
  • ETFs, partnerships, and network growth are likely catalysts for TRON price.

TRON (TRX) price is down on the day, but the blockchain project is making headlines elsewhere as the supply of Tether’s USDT on its blockchain has surpassed $80 billion.

The native Tron token TRX traded at $0.27 on Friday, June 27, with CoinMarketCap showing the price was down under 1%. Intraday highs for the altcoin range around $0.29, and TRON remains in the top 10 by market cap.

However, the question might be, what does the USDT milestone mean for TRON’s price?

USDT supply on TRON hits $80 billion

As the crypto market eyes gains and stablecoin adoption grows, Glassnode has shared details that reveal a dramatic rise in Tether (USDT) supply on the TRON network.

Notably, the Tether-issued US dollar-pegged token has surpassed the $80 billion supply mark as of mid-2025.

This marks a significant leap from earlier years, with the supply growing steadily from negligible amounts in 2020 to over $60 billion by 2024, before accelerating sharply into 2025. As seen in the chart by Glassnode, there’s a steep upward trajectory, reflecting TRON’s increasing role in facilitating stablecoin transactions.

USDT in circulation currently sits at around $157.4 billion. With more than half of the total circulating USDT at $80 billion is dominance that solidifies TRON’s position as a preferred blockchain for stablecoin settlements, outpacing competitors like Ethereum.

The network’s efficiency and low transaction costs have likely driven this adoption, with institutional and remittance use cases further fueling demand.

May 2025 saw a record $684 billion in transfer volume, while 283 million USDT transfers this year highlight explosive user adoption.

TRON price prediction

Currently priced at $0.27 with a 24-hour trading volume of $407 million, TRON has shown resilience.

While price has recently dipped from highs of $0.29, bulls have held above the key support level of $0.20 since early January.

The surge in USDT supply is a bullish signal, as it boosts network usage and attracts more users to TRON’s ecosystem, including DeFi and payment applications.

Looking at the price outlook, several catalysts could drive TRX’s price higher.

The potential launch of TRON-based exchange-traded funds (ETFs) could attract institutional investment, mirroring trends seen with Bitcoin and Ethereum.

Additionally, strategic partnerships—such as collaborations with major financial institutions or further integration with Tether- might prove huge for TRX.

Recently, it was announced that Tron is eyeing a public listing via a reverse merger. The deal, which reportedly eyes an IPO with Nasdaq-listed SRM Entertainment, will transform TRON into a treasury company.

Short-term, TRX might test resistance around $0.30. A breakout above $0.30 will allow bulls to target December 2024 highs above $0.44, which formed TRX’s all-time high. Long term, TRON price will eye a rally to $1.

The post TRON price forecast as USDT supply surpasses $80 billion appeared first on CoinJournal.

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Movement price forecast as MOVE sees 60% bounce from recent lows

  • Movement (MOVE) price saw 1% slump in the past 24 hours, but is up nearly 60% from its June 22 lows of $0.11.
  • Profit-taking and the altcoin market cooldown contribute to the recent pullback.
  • Rebranding and token buybacks fuel optimism for a potential rally toward $0.4.

The price of Movement (MOVE) was down 1.2% in 24 hours as it changed hands around $0.17.

Despite the downturn, the token remained 34% up over the past week and, crucially, nearly 60% up since dipping to lows of $0.11 on June 22, 2025.

Meanwhile, the 24-hour trading volume declined after spiking more than 300% as prices rose to near $0.20 on June 27.

The volume, per CoinMarketCap, stood at $212 million, about 46% down in the past 24 hours.

Why is the MOVE price down?

Movement’s 1.2% drop in the past 24 hours comes as traders likely look to capitalize on the token’s rapid 60% climb from $0.11.

This price level is the cryptocurrency’s all-time low, and the price surging to nearly $0.20 provides a potential opportunity for some profit-takers.

While not good for the MOVE price today, the profit-taking generally aligns with a broader cooldown across the altcoin market.

Despite the threat of a selling pressure, the price remains well above key support levels, signaling that the bullish momentum may not be over.

The 300% spike in trading volume during the rally indicates strong market participation, but the subsequent 46% drop suggests a natural consolidation phase as traders reassess positions.

CryptoQuant analysts are also pointing out that the market is showing signs of cooling down. However, there’s no overheating.

“Currently, Bitcoin is near its all-time high, but the market shows a cooling trend without signs of overheating,” the analysts said on X.

This outlook aligns with Bitcoin’s holding of prices above the $107k level after a sharp bounce from lows below $100k.

Movement price prediction

The outlook for MOVE remains cautiously optimistic, driven by technical and fundamental developments.

Movement’s rebranding efforts are shifting sentiment away from its recent negative outlook.

Additionally, token buybacks are a significant bullish catalyst.

MOVE price recently broke out of a descending channel, a bearish pattern that had constrained its price action.

This breakout, coupled with a surge in trading volume, signals growing bullish momentum.

On daily charts, the Relative Strength Index (RSI) hovers around 59, indicating room for upward movement before reaching overbought territory.

If bullish momentum continues, key levels to watch include $0.23 and $0.34, which align with historical resistance zones.

Above these, buyers can target $0.4 and $0.55.

However, support levels at $0.15 and $0.11 remain critical if bearish pressure reemerges.

The post Movement price forecast as MOVE sees 60% bounce from recent lows appeared first on CoinJournal.

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Jito price outlook as SOL Strategies announces acquisition of 52, 181 JTO tokens

  • SOL Strategies announced the acquisition of 52,181 JTO tokens as part of its newly launched Strategic Ecosystem Reserve (SER).
  • The move is part of the company’s commitment to supporting key projects within the Solana ecosystem, starting with Jito Network.
  • Despite this bullish news, Jito’s price has experienced a decline of 2% over the past 24 hours, trading around $1.93 as of writing.

Jito (JTO) tokens trade near $1.93 on Friday as their decline in recent weeks extends despite top news from SOL Strategies, a publicly traded Solana infrastructure company.

According to market data, JTO price is down 2.2% in the past 24 hours and -13% in the past week.

This downturn suggests that market sentiment may be influenced by broader market trends, with top coins consolidating at key levels following recent gains.

Several altcoins are also down amid specific catalysts, an example being Across Protocol.

SOL Strategies announces ecosystem reserve to support Solana projects

SOL Strategies, formerly Cypherpunk Holdings Inc., has its eyes on bolstering the Solana ecosystem.

In a blog post on Thursday, the company revealed its playbook – a Strategic Ecosystem Reserve (SER) for top Solana ecosystem projects.

The SER is an initiative funded through a portion of the company’s validator revenue and aimed at acquiring and supporting foundational projects.

Initial support is for Jito, the Solana maximal extractable value (MEV) infrastructure and liquid staking protocol.

Per SOL Strategies, 52,181 JTO tokens are the first to make up the SER, a move that could boost the $2.6 billion total value locked Jito Network.

Leah Wald, CEO of SOL Strategies, emphasized that this reserve is not merely a token accumulation strategy but a deliberate effort to back projects critical to Solana’s growth.

“As a technology company focused on building the future of decentralized finance infrastructure, partnerships with foundational providers like Jito align perfectly with our vision. We’re not just investing in tokens — we’re investing in the infrastructure that is driving transaction processing for millions of Solana users while backing a team that is instrumental in driving forward innovation within the ecosystem,” Wald said.

Jito price outlook

While Jito’s price has dipped despite the positive news from SOL Strategies, the strategic acquisition points to institutional investor confidence.

SOL Strategies bets on the fact that Jito is a key player in the Solana ecosystem.

In this case, further support may provide buying pressure for the JTO price.

Jito price chart by TradingView

However, the short-term outlook has the technical indicators – the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) – signaling bearish continuation.

If the technical picture strengthens, bears might extend their dominance and push prices lower.

Support levels lie around $1.58. On the upside, primary resistance could be around $2.10-$2.30.

The post Jito price outlook as SOL Strategies announces acquisition of 52, 181 JTO tokens appeared first on CoinJournal.

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Euler price soars 27%, eyes new ATH as EulerSwap volume surges

  • Euler Finance price up 27% in 24 hours as daily volume spikes 236%.
  • Bulls could eye a new all-time high, with EUL price currently hitting $11.
  • Gains have come amid a surge in EulerSwap volume.

Euler (EUL), the native token of the Euler Finance ecosystem, has risen by 27% within the past 24 hours.

This uptick coincides with an explosive increase in trading volume on EulerSwap, the platform’s decentralized exchange, which has recorded a cumulative volume of $230 million in just three weeks despite remaining in beta.

Notably, EUL’s gains see it hover above $11 and bulls could have their sights on a new all-time high (ATH) as the token’s momentum continues to build.

Euler price skyrockets as bulls eye new all-time high

The Euler Finance token has experienced a significant 27% price increase over the last 24 hours, propelling its value to above $11.

Indeed, market data shows the token jumped to an intraday high of $11.05 at the time of writing.

Euler’s price surge has been accompanied by a staggering 236% rise in daily trading volume, which hit $2.65 million to signal fresh market interest and liquidity.

Gains mean that at current levels, EUL is trading just 14% below its previous ATH of $12.97.

The token reached this peak in 2022.

If bulls sustain the upside momentum, Euler could explode past the $12.97 resistance level to behold price discovery mode.

Euler price chart by CoinMarketCap

Why is the price of Euler up today?

Euler’s upward momentum is tied to heightened activity on EulerSwap, which has demonstrated impressive growth since its launch.

The platform’s ability to handle substantial trading volumes while still in beta has bolstered confidence among investors, with many anticipating a potential breakout to new highs in the near term.

On June 26, 2025, Euler Labs highlighted the success of EulerSwap, noting it had achieved over $230 million in cumulative trading volume in just three weeks.

This came as Euler Labs detailed enhancements to the EulerSwap interface and upcoming features.

Euler Labs introduced EulerSwap in late May, noting the smarter DEX unifies trading, lending and borrowing.

“EulerSwap integrates Uniswap v4 directly with Euler lending vaults in order to tackle inefficiencies like idle capital, lack of collateral utility, and costly rebalancing,” it noted.

Notably, Euler’s integration with Arbitrum is key to tapping into an ecosystem boasting rapid adoption in the DeFi market.

As the Euler Super App lands on Arbitrum, users can lend, borrow, and loop multiple tokens, including ARB, USDC and USDT0. Also supported are the wrapped tokens of Ethereum and Bitcoin – WETH, wstETH, weETH and WBTC.

The 27% surge in Euler’s price also aligns with overall bullish sentiment across altcoins, with several small caps rising as investors position amid broader accumulation.

The post Euler price soars 27%, eyes new ATH as EulerSwap volume surges appeared first on CoinJournal.