SUI Latest Analysis

SUI has successfully reached an all-time high (ATH) with its recent rally. This is a very positive sign for investors and shows that SUI has gained strong momentum. As of now, a close above the 4.80 level has been achieved, which means a significant resistance level has been broken.

The 4.80 level has become a critical support level for SUI to continue its upward movement. Staying above this level will provide a strong foundation for further price increase. However, falling below this level could cause the price to retrace to lower levels, such as 4.44.

If the price falls below 4.80, the likelihood of a pullback to the 4.44 level increases. At this point, it is important for investors to be cautious and monitor whether the 4.80 level can be maintained.

On the other hand, staying above the 4.80 level means SUI could start a new wave of upward movement, which could create buying opportunities for investors. However, technical indicators and volume analysis can also be used to assess how sustainable this level is.

In conclusion, the 4.80 level will be an important test point for SUI’s future. If this level holds, it will be possible to reach higher targets. However, a close below this level could lead to negative price movement in the short term.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post SUI Price Hits ATH: Will the Uptrend Continue? Latest Analysis appeared first on Coin Engineer.

On May 28th, Glassnode founder Yann Allemann analyzed Bitcoin’s on-chain data in a social media post. Looking at the data, the founder stated that the $72,000 level is still a strong resistance point and that if this level is exceeded upwards, a unique movement could be seen.

Emphasizing that the upward wave that will occur within this scenario could carry the price to a new all-time high (ATH), he pointed to $75,000.

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On the other hand, he reminded that the $72,000 level has been tested 3 times this week, but the sell wall is still strong.

He stated that if Bitcoin continues to consolidate between $64,000 and $72,000, it would open the door to altcoin rallies:

We are currently expecting Bitcoin to trade between $64,000 and $72,000, giving altcoins a chance to shine. The $72,000 to $74,000 range is marked by high supply and selling pressure. However, a sudden breach here could trigger a short squeeze and propel Bitcoin to unprecedented levels.

The post Glassnode Founder: Bitcoin Could See Unprecedented Move! appeared first on Coin Engineer.

Pepe Coin Price to Surge 54%

With Martinez’s significant rally prediction, investors seem to be closely monitoring Pepe Coin’s performance.

On the other hand, according to the analyst, the mid-range between the price levels of $0.00000793 and $0.00000664 appears to be a critical threshold. Moreover, a positive close outside this range could trigger incredible gains for Pepe Coin’s price.

The analyst further stated that such a close could bring a potential 54% upward move for PEPE.

If Pepe Coin can somehow break above $0.00000793, it could eventually lead to the price reaching its all-time high of $0.0000122. As of the time of writing, PEPE’s ATH is $0.00001074, which occurred on March 14, 2024.

On the other hand, Coinbase International’s decision to include Pepe Coin’s perpetual futures is also planned to go live on April 18th, which could also have a positive impact on PEPE.

This can also be considered a significant milestone for the meme cryptocurrency. This move could increase liquidity and market participation by allowing investors to speculate on price movements without a time constraint.

In a reflection of the news of its listing on Coinbase International, Pepe Coin also saw a significant increase in trading volume. Accordingly, Pepe Coin’s price was observed to increase by approximately 5% at that time.

This price increase can be considered a reflection of the positive sentiment in the market towards Pepe’s increasing accessibility and trading options.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

The post Famous Analyst Predicts 54% Surge for Pepe Coin! appeared first on Coin Engineer.