SUI Breaks the Downtrend: Is a New Rally on the Horizon?

Yigit Taha OZTURK — Thu, 03 Jul 2025 12:00:37 +0000

While the cryptocurrency markets continue to move in a volatile pattern, some altcoins are beginning to signal potential bullish momentum. One of the standout names making waves recently is SUI, drawing renewed interest from investors after a significant technical breakout.

The break above the descending trendline on the 4-hour chart may be an early sign of a stronger upward movement for SUI.

Downtrend Broken, Resistance Levels Falling One by One

Following the breakout, SUI surpassed the crucial $2.88 resistance level and climbed all the way to $3. This move not only broke a psychological barrier but also signaled potential for further upward price action. If $2.88 now holds as support, it could lay the foundation for a sustained bullish move.

Is the $3.25 Target Within Reach?

All eyes are now on the $3.19–$3.25 price band. Given the current momentum and technical structure, a move towards this range appears plausible. However, this scenario depends heavily on whether the $2.88 support level holds.

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If SUI fails to maintain that support, a pullback toward the previously broken trendline is likely. As such, the $2.88 level remains a critical threshold in the short term.

SUI/USDT pair 4-hour chart.

Market Sentiment Adds Fuel to the Fire

A general recovery across the crypto market is further supporting technically strong coins like SUI. Trend breakouts often serve as early indicators of larger bullish runs, and SUI seems to be aligning with that narrative.

Investors would be wise to keep a close eye on key technical levels to properly assess and seize potential opportunities.

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 Breaks the Downtrend: Is a New Rally on the Horizon? appeared first on Coin Engineer.

BNX Gained Hugely! Is a Correction Imminent?

Yigit Taha OZTURK — Mon, 17 Mar 2025 13:30:17 +0000

Since our previous analysis, BNX has managed to close a daily candle above the upper bearish FVG (Fair Value Gap) zone. Following this move, the price made a retest of this region and wicked up to the $2.00 level. After this rise, BNX is now attempting to stabilize at key levels.

Current BNX Price Action

At the moment, the $1.70 level stands out as a significant short-term support zone for BNX. If the price manages to hold daily closes above $1.70, it would be a positive sign for the continuation of the uptrend. In such a scenario, we may see another move towards the $2.00 resistance area.

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However, if BNX closes below the $1.70 level on the daily timeframe, it could indicate a bearish shift in the short term. This might lead to a further retracement towards the $1.60 support zone.

Possible Scenarios

If BNX holds above $1.70: The uptrend may continue, with the next target being the $2.00 resistance region.
If BNX closes below $1.70: We might see a pullback towards the $1.60 support level. This area could be monitored for potential buying opportunities.

BNX/USDT daily chart.

In the short term, BNX is consolidating between $1.70 and $2.00 levels. A breakout from this range will provide a clearer directional bias. Traders should closely monitor these critical support and resistance zones for potential short-term opportunities.

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 BNX Gained Hugely! Is a Correction Imminent? appeared first on Coin Engineer.