April 15, 2025

Solana (SOL), Binance Coin (BNB), and Sui (SUI) Poised to Skyrocket in 2025

2 min read

While global economies remain very uncertain going forward, the crypto market is beginning to coil up, and the U.S. stock market allowing, we could see a substantial surge into the Summer. Solana (SOL), Binance Coin (BNB), and Sui (SUI) are well placed to lead this resurgence. Bullish Summer for crypto? When discussing the possibility of a bullish Summer for crypto, and perhaps into the end of the year, it must be taken into consideration that the world has become a lot more unstable over the past few years, and black swans could arrive with ever-increasing frequency. That said, we have just witnessed some pretty big corrections in traditional as well as crypto markets. Unless we are in the beginning of the next great depression, which can’t be discarded, there is the probability that markets could start to rally again. If Bitcoin is able to continue its current attempt to break its downward trend, the altcoins are not likely to be far behind. Layer 1 networks are a big part of altcoin growth, and $SOL, $BNB, and $SUI are likely to lead. $SOL leads the field Source: TradingView The $SOL price has led the field over the last week. Up 40% from the bottom at $94, when many would have been fearing a continuation of the correction, the price has now managed to flip the $128 resistance into support once again, and this was confirmed on Sunday. The next target is the local high, and horizontal resistance, at $148. Should this be surpassed, the downtrend will have been broken, leaving the path open to the major $180 horizontal resistance. $BNB bulls close to breaking descending trendline Source: TradingView The $BNB price is still in a macro uptrend, and at the same time is very close to breaking the local downtrend that has persisted since the beginning of December 2024. Important support looks to have possibly been found at $584, and it now remains for the bulls to push on and break through the descending trendline. At the bottom of the chart, the Stochastic RSI is shaping to cross back up, signalling strong upside price momentum. The strong $574 resistance level would be the next target for bulls, before the all-time high at $791. $SUI weekly chart lip-smackingly good Source: TradingView The weekly chart for the price of $SUI is looking lip-smackingly good. The price has pierced through the descending trendline and is now pushing up against the critical $2.34 resistance level. A quick surge to $2.83 could take place if the bulls are able to get through the current resistance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Source: Crypto Daily

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