Ethereum has shown a 5% weekly rise, indicating potential stabilization in the cryptocurrency market. Altcoins like Toncoin and Sui are also beginning to show signs of recovery.
Toncoin (TON)
Toncoin (TON) has recently shown promising movement after bouncing from a major support zone. Following a consistent downturn from its all-time high near $8.28, TON found strong support in the $2.38 to $2.94 range. This zone previously acted as resistance in 2023, making it a key level from a technical standpoint. The price has responded well, climbing back toward the $3.70 area. Currently, TON is attempting to reclaim its 100-week moving average at $3.93, which may act as a short-term resistance level.
Sui (SUI)
Sui (SUI) seems to be following a similar path. After a prolonged decline from its peak near $5.37, SUI has settled into a key support zone around the $2.1 range, another area that acted as resistance in mid-2024. The price has been holding steady at this level, with the 50-week moving average near $2.13 offering some extra support. While momentum remains relatively weak, the MACD lines are starting to converge, hinting at a potential shift in sentiment.
Final Thoughts
Toncoin and Sui have revisited important historical support levels and are beginning to show early signs of stabilization. TON’s bounce and improving technical structure offer a potential roadmap for SUI. If SUI can sustain its support and gain confirmation from momentum indicators like MACD, a similar recovery move could unfold.
Both cryptocurrencies, TON and SUI, are finding support at key levels and showing initial signs of stabilization. If the market remains steady and buying pressure returns, SUI could follow the recovery path of TON.
