NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

SUI Breakout To $4 Imminent? Analyst Says A Correction To This Level Could Come First

Rubmar Garcia
Rubmar Garcia
2 weeks ago
3 mins read
MATIC, Worldcoin, SUI

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

SUI, one of the leading altcoins of this cycle, targets the key $4.00 barrier after its recent price surge. Amid its reclaim of key supports, an analyst suggests the cryptocurrency could retest a crucial level before its upcoming expansion.

Related Reading

Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal

Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal

2 weeks ago

SUI Eyes 17% Jump

Over the last two weeks, SUI has jumped nearly 85%, breaking above the crucial $3.80 barrier and recovering from its multi-month downtrend. During the Q1 market retraces, SUI lost key support levels and retraced over 68% from its January high of $5.35 toward its $1.71 six-month low.

In March, the cryptocurrency attempted to reclaim the crucial $3.00 barrier, driven by the news of institutional adoption, but failed to confirm the breakout.

Before its recent token unlock, the cryptocurrency saw its price rise from the $2.11 mark and reclaim the $3.00 resistance for the first time since February, rallying to a two-month high of $3.87.

Its bullish momentum slowed after the unlock of 88.34 million SUI tokens, worth around $300.4 million, on April 30. The cryptocurrency saw an 8.5% retrace, dropping from $3.51 to $3.21.

On Monday, SUI’s price jumped 5.2%, recovering the $3.40 support as the recent selling pressure decreased. Analyst AMCryptoAlex considers that the altcoin could hit the $3.90-$4 resistance after the unlock, if the flagship crypto, Bitcoin, holds the $94,000 mark.

Meanwhile, analyst Lennaert noted that SUI could see a bullish continuation of its recent performance after retesting the $3.20-$3.25 support zone and bouncing.

“If momentum flips, we’ll be testing the highs in no time. SUI repeatedly proved it doesn’t need much to pump hard. The team keeps on building, and it’s already growing to be one of the most promising ecosystems,” the analyst concluded.

Is A $3.25 Retest Coming?

Analyst Sjuul from AltCryptoGems suggested that SUI is potentially forming a Power of 3 (Po3) setup in a low timeframe. The Po3 pattern divides the price cycle into three phases: accumulation, manipulation, and distribution.

In the accumulation phase, a consolidation occurs near the recent high after a strong price performance. Meanwhile, the manipulation phase sees a token’s price falling below the accumulation phase’s support level and trades within a range below the recently lost zone. The distribution phase consists of a strong price breakout, with momentum building and participants entering the market.

Related Reading

BNB

BNB Bulls Target $644 As Classic Chart Formation Emerges

2 weeks ago

According to the analyst, SUI started the accumulation phase after its recent breakout, hovering between the $3.25-$3.85 price range over the next few days. Amid the Sunday price drop, the cryptocurrency began the second phase, falling below the range’s lower boundary and trading near that level throughout the day.

Since recovering the $3.25 mark today, SUI has seemingly entered the distribution phase, which could see SUI test the $3.25 support before soaring toward the $4.00 resistance. “Watch for a retest of that support level—or close to it—as we might see an expansion afterwards,” he concluded.

As of this writing, SUI trades at $3.46, a 56% increase in the monthly timeframe.

SUI, SUIUSDT
SUI’s performance in the one-week chart. Source: SUIUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
Tweet123Share196ShareSend
Rubmar Garcia
Rubmar Garcia

Rubmar Garcia

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.

Read more

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

New CoinMarketCap Crypto AI Sends Altcoins like MIND of Pepe to the Moon

New CoinMarketCap Crypto AI Sends Altcoins like MIND of Pepe to the Moon

CoinMarketCap has unveiled its latest AI-powered assistant, CMC AI, that will serve up a set of predefined questions and answers...

NewsBTC 5 hours ago
제 2의 루나코인이라 불리던 만트라 코인, 업비트 상장하며 투자자 신뢰 회복할까?

제 2의 루나코인이라 불리던 만트라 코인, 업비트 상장하며 투자자 신뢰 회복할까?

2025년 4월 14일, 글로벌 암호화폐 시장이 또 한 번 충격에 빠졌다. 만트라($OM)가 하루 만에 90% 넘는 가격 하락을 기록했기 때문이다. 약 6달러 선에서 거래되던 $O...

Soyeon Lee 6 hours ago
Bitcoin Bull Token

アルトコイン注目のプレセール:BTC Bull Tokenが600万ドル調達、ビットコイン価格が最高値に迫る

BTC Bull Token($BTCBULL)はプレセールで600万ドルの資金調達に成功し、投資家からの強い支持を示しています。 このプロジェクトはビットコインをテーマにしたメムコインで、保有者に実...

Yohei Hanazato 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Litecoin Eyes $117.50 As Price Rebounds From Key Support – Analyst

Litecoin Eyes $117.50 As Price Rebounds From Key Support – Analyst

Sebastian Villafuerte 2 hours ago
Биткойн премина $109 500 – инвеститорският апетит избухна, какво следва

Биткойн премина $109 500 – инвеститорският апетит избухна, какво следва?

Georgi Petrov 4 hours ago

Bubblemaps V2 Now Supports BNB Chain, Bringing Simple Data Visualisations to The Network

News BTC 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • PAIRMiner 2025 Review: A safe and efficient platform...

    2 hours ago
  • Bitcoin rises above $107,000, join SIX MINING now and earn...

    3 hours ago
  • Blockchain Life 2025 hosts Worldwide crypto leaders in...

    5 hours ago
  • Bitcoin’s fall due to US economic concerns has...

    7 hours ago
  • Unraveling the Mystery of Cloud Mining: Sign up now and get...

    7 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.