SUI price sees 15% gain, but are bulls out of the woods yet?

  • SUI price surged 15% to $2.91, rebounding from a weekly low of $2.29.
  • Gains align with a broader crypto market recovery driven by improved investor sentiment and easing geopolitical tensions.
  • SUI could break above $3 and potentially eye a new peak, or dip to support near $2.

The SUI token, native to the Sui layer-1 blockchain, has soared by more than 15% in the past 24 hours, with gains to highs of $2.91 coming amid a lift in crypto market sentiment.

Notably, Sui’s uptick halts a month-long decline that pushed the token from highs of $3.80 to its lowest levels since April. But as the broader market sentiment improves, SUI’s rebound has investors in an optimistic mood as bulls target further gains.

However, with key resistance levels looming, the question remains whether this surge signals a lasting bullish trend or a bull trap.

Sui price jumps 15% amid crypto bounce

After enduring weeks of downward pressure, SUI has rebounded sharply, trading to an intraday high of $2.91 on Tuesday. At the time of writing, the altcoin’s price was at $2.79.

The double-digit gains align with the uptick in prices for the broader cryptocurrency market, with easing geopolitical tensions and Fed chair Jerome Powell’s remarks adding to investor confidence.

Sui price also gained as OKX Wallet teamed up with Navi Protocol and Momentum to “bring BTCfi to life” on Sui. The community can take part for a chance to grab a share of $2.5 million in rewards.

The SUI token thus gained as major assets like Bitcoin (BTC) and leading altcoins posted upward moves.

However, SUI’s double-digit surge stands out as it reflects a bullish impulse amid what appears as a bearish set still. The token remains 20% down over the past month and is well off its all-time peak of $5.35.

Sui price prediction: Are bulls ready to run?

The technical picture shows SUI’s price action in a descending channel on the daily chart. Sui also signals a broader descending triangle pattern. This suggests sellers may yet have a say despite the spike from weekly lows of $2.29.

A look at the charts shows the RSI bouncing off the oversold level, which means room for growth. The MACD indicator also signals a potential bullish crossover, highlighting gains as critical for bulls if they want to take the upper hand.

In this case, the key hurdles will be around $3.50 and $4.13. Take these out, and bulls could run to the ATH and higher.

Sui price chart by TradingView

Conversely, failure to maintain momentum could see SUI retreat to the $2.43 support, where a recent local low formed. If bears breach this level, it might be a bloodbath to the psychological $2 or lower.

SUI’s 15% surge reflects a broader market recovery and renewed interest in the SUI ecosystem.

Yet, with critical resistance levels ahead and the threat of bearish pressure lingering, the token’s trajectory remains uncertain.

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Avalanche price surges as active wallet count rises 80%

  • Avalanche (AVAX) price rose 9% to above $18 as markets bounced on easing geopolitical tensions.
  • The AVAX price spike came amid a significant increase in on-chain activity, including active addresses and transactions.
  • Crypto was up as Israel and Iran agreed to a ceasefire, which could see AVAX break to $30 or higher in coming weeks.

Avalanche (AVAX) price experienced a notable price surge on Tuesday morning as cryptocurrencies gained on easing geopolitical tensions.

The AVAX token surged to highs of $18.40, with a 9% increase in the last 24 hours also coming amid a significant spike in on-chain activity.

Avalanche traded as one of the top gainers during Asian hours, mirroring gains for Bitcoin, Ethereum and Solana.

Most cryptocurrencies are back at key levels after the US announced both Israel and Iran had agreed to a ceasefire to end the “12-day war.”

Avalanche on-chain activity spikes

The Avalanche network is buzzing with unprecedented on-chain activity.

Indeed, Avalanche has looked bullish since late May when Bergen County in New Jersey announced its plans to tokenize $240 billion in property deeds on the Avalanche blockchain.

The mega 5-year project seeks to digitize over 370,000 property deeds using blockchain technology across the county.

As highlighted by Nansen, a leading blockchain analytics platform, “something is brewing” for AVAX. The surge in active addresses and transactions over the past 24 hours suggests so.

The Avalanche Foundation also shared the chart below showing transaction growth over the past year.

In the past 24 hours, the network processed over 1.13 million transactions, a testament to its growing utility and adoption.

Active addresses have skyrocketed by 80%, reaching 194.8K, reflecting a significant influx of new and returning users.

Major platforms such as OpenSea, Tether, and Bybit are driving this surge, with increased activity in NFT trading and stablecoin transactions.

The recent Avalanche9000 upgrade, implemented earlier this year, has bolstered the network’s scalability and transaction efficiency, likely contributing to this spike.

This heightened engagement suggests that developers and users are leveraging Avalanche’s high-performance infrastructure, positioning it as a competitive player in the blockchain space.

AVAX price prediction

The 4-hour chart suggests a technical picture where Avalanche’s price trajectory looks largely on the upside.

After bouncing off recent lows of $15.70, the altcoin looks likely to continue higher along a rising trendline.

The moving average convergence divergence indicator paints a strong upward trend case for AVAX after a recent bullish crossover.

The relative strength index also gives buyers the upper hand, currently hovering at 63 and not overextended.

With room to explore, bulls may eye a breakout with next hurdles around $19.81 and $22.54.

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Sonic, Four, SPX6900 surge amid market volatility

  • Sonic price rose, and Four, SPX6900, led crypto gains despite market turbulence.
  • Top coins rebound as equities stabilise, signalling renewed investor confidence.
  • SPX6900’s meme coin momentum underscores its volatile yet captivating market presence.

The cryptocurrency market suffered massive selling over the weekend as Bitcoin dropped amid the US bombing of Iran’s nuclear sites.

But as BTC looks to bounce, the top gainers among the 100 largest coins by market cap are Sonic, Four, and SPX6900.

Despite a turbulent weekend marked by sell-offs, broader crypto declines, these tokens are leading the rebound with double-digit gains.

Sonic trades at $0.28, Four is at $2.57, and SPX at $1.07.

Crypto investors eye uptick

Crypto investors are cautiously optimistic as top cryptocurrencies stage a recovery following a weekend sell-off that saw Bitcoin dip below $100,000.

According to market data, Bitcoin rebounded from $98,286 to $102,852, while Ethereum and Solana also moved above key levels.

This bounce aligns with equities shrugging off losses, as global markets looked to stabilize despite ongoing geopolitical tensions.

However, the Fear & Greed Index, which has fallen to 37, suggests a shift from neutral sentiment towards fear.

Investors are now eyeing whether the uptick in crypto prices can sustain momentum, with altcoins like Sonic, Four, and SPX6900 fueling speculation due to their outsized gains.

Four, Sonic, SPX6900, trend among top gainers

Among the top gainers, Four (FORM) posted a modest yet steady 10% increase, reaching $2.57 with a robust 24-hour trading volume of $35.9 million.

Elsewhere, Sonic (S) traded at approximately $0.27, with the price slightly off the $0.29 seen earlier in the day.

Sonic price edged 9% surge, bolstered by a 41% rise in trading volume.

This activity suggests a bullish reversal from its $0.25 support level, with analysts predicting further upside if DEX participation grows.

Sonic price chart by CoinMarketCap

SPX6900, a Solana-based meme coin, stole the spotlight with a 10x rally in the past year.

However, profit taking has it around $1.07 from its all-time peak of $1.77  after a recent 37% plunge in the past week.

Despite its declines, SPX6900’s $985 million market cap sees it rank in the top 100 and is likely to bounce.

The coin is up around 6% in the past 24 hours to trade at $1.06.

If bulls go higher, SPX could break to $2. However, a potential drop to $0.90 and lower remains if support falters.

Overall, the S, FORM, and SPX tokens’ performances underscore the dynamic interplay of technical strength and speculative fervor driving the crypto market today.

As markets navigate ongoing uncertainty, Sonic, Four, and SPX6900 exemplify the high-risk, high-reward nature of cryptocurrencies.

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XRP price outlook: $2 remains key amid increased volume

  • XRP trades above $2.00 and could eye a decisive break above $2.30.
  • An uptick to $2.50 could confirm bullish continuation.
  • However, a drop below $2.00 may signal deeper corrections.

The price of XRP is holding near $2 as top cryptocurrencies trade at key support levels.

Most altcoins mirror Bitcoin’s trajectory, which saw a sharp decline over the weekend, largely attributed to heightened geopolitical tensions stemming from US military strikes on Iran.

Despite its downturn to lows of $1.94, XRP demonstrates resilience.

Bitcoin has also bounced above $100k, with bullish sentiment among investors signalling strength despite the volatile broader market.

XRP price above $2 as volume spikes

XRP has shown notable strength, rebounding from a weekly low near $1.94 as trading volume surged by over $3 billion in the past 24 hours.

This spike in volume, coupled with the price holding above the critical $2.00 psychological support level, indicates robust buying interest.

According to market analysts, increased trading volume during a price recovery often reflects renewed investor confidence and potential for sustained upward momentum.

The broader cryptocurrency market has faced downward pressure due to US strikes on Iran, which intensified fears of a wider conflict.

Bitcoin and Ethereum have also corrected, with Bitcoin trading just above $101k.

Despite this, stock futures indicate investors are shrugging off the weekend’s sell-off, and oil prices have stabilized after a brief spike, suggesting markets are adapting to the geopolitical unrest.

A crypto market bounce is possible if risk-on sentiment returns, but an escalation in the Middle East could trigger further declines.

Ripple price prediction

A bounce for cryptocurrencies comes as data from asset manager CoinShares shows digital asset investment products saw a 10th consecutive week of inflows for the week ending June 20.

As per details shared on June 23, the crypto sector attracted $1.24 billion in exchange-traded funds last week, with Bitcoin leading with $1.1 billion for a second straight week of inflows.

Meanwhile, Ethereum hit a 9th consecutive week of inflows with $124 million. Solana attracted $2.78 million and XRP $2.69 million.

Analysts are cautiously optimistic about XRP’s future. Short-term forecasts suggest a potential breakout above $2.50 could push prices toward $3.00.

XRP chart by TradingView

The bounce to $2.00 suggests that bulls are defending this key level, positioning XRP for a possible short-term rally.

Despite the RSI and MACD on the weekly chart, long-term projections are more ambitious.

A break above the 20-week exponential moving average (EMA) will reinforce this outlook.

Notable predictions for XRP include a potential rocket past $10, driven by increased institutional adoption and regulatory clarity.

However, failure to hold above $2.00 could see prices retest April’s low of $1.60.

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AERO price jumps 20% as it defies crypto downturn

  • Aerodrome Finance token AERO is skyrocketing.
  • The AERO price has jumped 20% in 24 hours as it defies broader crypto downturn.
  • Recent Coinbase integration looks to be the key driver.

Aerodrome Finance’s native token, $AERO, has surged by 20%, reaching $0.96.

The token is surging despite a broader cryptocurrency market downturn, with AERO price up 74% in the past week.

As Bitcoin and major altcoins face selling pressure, with BTC struggling below $105,000, $AERO’s resilience stands out.

Escalating tensions in the Middle East have heightened market uncertainty, contributing to a cautious outlook for cryptocurrencies.

However, as investors show caution amid geopolitical risks impacting global markets, $AERO is riding recent Coinbase news to eye a breakout above $1.

There’s growing confidence in Aerodrome Finance’s decentralized exchange (DEX) ecosystem on the Base chain.

Aerodrome Finance price: AERO pumps 20%

While Bitcoin grapples with weekly decline and many altcoins bleed, $AERO has defied the trend, climbing 20% in a single day and 74% over the past week.

The token has broken above its 200-day exponential moving average, hitting its highest price in over four months.

It is now on the cusp of reclaiming the $1 mark, a level not seen since early 2024.

This performance positions $AERO to potentially outpace most altcoins in the short term.

AERO’s price surge is primarily driven by Coinbase’s integration of Aerodrome Finance, the second-largest DEX on Base with over $1 billion in total value locked (TVL).

The integration, announced recently, exposes $AERO to Coinbase’s 10 million-plus users, boosting liquidity and adoption.

Additionally, a 1.3× boosted airdrop for Coinbase One users and new token launch fees for stakers have fueled investor enthusiasm.

AERO’s 74% weekly gain and Coinbase’s role in its rally reflect strong community sentiment.

The Aerodrome Finance team notes the platform is getting greater attention.

“At Aerodrome, we believe in leveling the playing field not just in the DEX space, but beyond it: Fair and transparent access to capital is as vital as fair and transparent access to information,” they posted on X.

“[That’s] why we’re proud to announce that Aerodrome holds the 2nd highest score in @Blockworks_ new Token Transparency Framework, helping pioneer a new standard of trust in crypto.”

Aerodrome Finance price prediction

Analysts are optimistic about $AERO’s trajectory, given its technical breakout and fundamental catalysts.

The token recently surpassed the 50% Fibonacci retracement level from its all-time high of $2.33 to its year-to-date low of $0.282.

The next resistance lies at $1.04, which, if breached, could propel $AERO toward $1.50 in the near term.

However, a pullback to $0.70 or $0.60 remains possible if market volatility intensifies.

Long-term, $AERO’s close ties to Coinbase and its dominance on Base position it as a leader in the DEX space.

With over 1 million tokens locked for governance and public goods, the protocol’s fundamentals remain robust.

While Middle East tensions may cap broader market gains, $AERO’s unique catalysts suggest it could continue to outperform, potentially reaching $2 by year-end if bullish momentum persists.

 

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