🔥 Solana currently trading around $95, sitting tightly below $100 after seeing a 12% rally this week. We have strong buying from institutional investors in terms of the $6.23M whale purchase and the demand for ETFS combined with a huge retail buying spree of meme coins, driving a significant momentum surge for Solana. The most important breakout level to watch is at $97.56, on break above it the $100-102 range is available to move into with long-term resistance at $127.75. Support is located around the $92-94 area with invalidation at $87.16.
🔥 SUI has developed massive altcoin momentum following an enormous weekly growth of 33% to an intraday high of $1.41 before retreating to around $1.26. Volume is up 350% to $3B as CME futures, staking and DeFi continue to boost demand. RSI at 73 suggests SUI is technically overbought, making $1.20 crucial support, holding this could trigger another leg to $1.40.
🔥 Cardano ($0.2775) after a 13% rise last week. Open Interest also jump to $568.9M, while funding rates flipped to positive, indicating inflow and a bullish bias. The crucial resistance levels lie at $0.28 and $0.30. A confirmed move higher could lead to a potential target of $0.32-0.35 while support levels are at $0.26-0.25. Bulls currently control.
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