SUI Breaks $3.50 Resistance, Uniswap Targets $7.50—Altcoin Recovery in Motion

SUI has surged past a critical price barrier, kicking off a potential altcoin rally. Meanwhile, Uniswap aims for a notable price mark. These moves hint at a broader recovery in the altcoin market. The article explores which digital coins show promise for growth and how the market could evolve. SUI Snapshot: A Mixed Picture of Modest Gains Amid Recent Drops Over the last month, the coin showed a slight decrease of nearly 0.90%, while gaining about 0.76% over the past six months. The week was particularly challenging with an almost 10% drop, reflecting significant selling pressure. Price movements were mixed, characterized by small oscillations that indicate a consolidation phase. Although trends suggest stability over the longer term, the coin remains sensitive to short-term market fluctuations. SUI current price ranges from $2.19 to $4.34, with resistance levels at $5.18 and $7.34. A strong support level is found near $0.88. Indicators like slightly negative momentum and an RSI below 50 imply no clear direction, creating a balanced struggle between bulls and bears. Cautious trading within these levels may be advisable. Uniswap Price Movement: Short-Term Gains Amid Long-Term Decline Over the last month, Uniswap showed a strong 23.00% price jump, although it fell by 49.27% over the past six months. Recent trading maintained a one-week gain of 1.31%, with prices moving between $4.39 and $6.32. This performance highlights a notable short-term strength that contrasts sharply with the longer-term pullback. Current levels center near a support of $3.51 and a resistance at $7.36, with additional levels at $1.58 and $9.29. Price action remains balanced as bulls push lightly ahead while bears remain cautious. Indicators such as an RSI of 54.236 and modest oscillators support a trading approach that favors careful plays within these key limits. Conclusion SUI has successfully moved past the $3.50 mark, showing strong upward momentum. Uniswap (UNI) is also showing positive signs with its target set at $7.50. This indicates a broader recovery across altcoins. Continued monitoring of market conditions will be crucial as these trends develop. 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.

Source: Bitzo