According to renowned analyst Michaël Van De Poppe, SUI is on the verge of a significant upward surge. This momentum is fueled by robust on-chain growth, including a stablecoin supply increase to $1.2 billion and a **Total Value Locked (TVL)** of $1.8 billion—ranking third among non-EVM chains.
Technical analysis reveals that SUI has broken through the $3.08 resistance level**, with support now established between **$2.96–$2.97**. A closing price above **$3.30, supported by rising trading volume and a bullish continuation pattern, could trigger a new all-time high.
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Crypto Market Sentiment Turns Bullish: Key Trends This Week
Per AltcoinGordon’s latest Twitter analysis, the cryptocurrency market is exhibiting strong bullish sentiment. BTC, ETH, and altcoins are attracting heightened investor interest, with trading volume and social engagement surging in tandem.
Historical patterns suggest that this combination—rising activity and positive sentiment—often precedes short-term price gains. Traders should monitor technical indicators and on-chain data for breakout signals, as extreme optimism can lead to high volatility and rapid price swings.
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Ethereum (ETH) Long-Term Chart Remains Bullish
Crypto Rover (@rovercrc) emphasizes that despite short-term fluctuations, Ethereum’s long-term structure remains strongly bullish. The upward momentum appears intact, offering a compelling case for mid-to-long-term holders.
This analysis reinforces market confidence in ETH’s trajectory, potentially encouraging investors to hold or accumulate during corrections.
Key Takeaway:
- ETH’s resilience suggests sustained growth potential.
$MASHA Cup-and-Handle Pattern Signals Potential Breakout
Cas Abbé highlights that $MASHA** has formed a **classic cup-and-handle pattern**, often a precursor to upward movement. The token is expected to retest the **white support trendline** before a potential push past the **$0.024 resistance level.
A confirmed breakout could trigger a rally, making this a critical juncture for traders.
Watch For:
- Volume spikes accompanying price action.
Bitcoin Whales Return: 250 BTC Accumulated After 2-Year Dormancy
Lookonchain reports that a long-dormant Bitcoin whale resurfaced, purchasing 250 BTC ($26.37M)** after a two-year hiatus. The entity previously acquired **500 BTC at $27,401 each, now sitting on $39M in unrealized profits.
Why It Matters:
- Whale activity often signals shifting market sentiment.
- Institutional and long-term investor confidence may be rising.
FAQ
What drives SUI’s price breakout potential?
- On-chain metrics (stablecoin supply, TVL) and technical resistance breaks.
How does whale activity impact Bitcoin?
- Large accumulations typically precede price rallies, reflecting strong holder conviction.
Why is ETH’s long-term outlook bullish?
- Structural momentum and institutional adoption support continued growth.
Final Thought: The convergence of technical, on-chain, and sentiment indicators paints a bullish picture for SUI, BTC, and ETH. Traders should watch key levels and leverage data insights for optimal positioning.
Sources: Michaël Van De Poppe, AltcoinGordon, Crypto Rover, Lookonchain