Solana and Sui: Market Predicts New Record Highs

user avatar

by Giorgi Kostiuk

2 years ago

With Bitcoin's price on the rise, cryptocurrencies Solana and Sui show momentum predicting possible new highs.

Solana Approaches New Highs

Solana emerged as one of the strongest cryptocurrencies, reaching the fourth position behind Bitcoin, Ethereum, and Tether. After overcoming a seven-month decline, the SOL price is on the verge of reaching a new ATH around $250. Despite concerns of increased selling pressure, the current market dynamics suggest potential new highs before month's end.

Technical Aspects of Solana's Growth

SOL is in the final phase of a bull run after recovering from 2023 lows. After several bullish movements, the price broke a major resistance zone between $251 and $257. Technical indicators such as RSI and DMI predict further rise, potentially marking a new ATH between $275 and $280 this month.

Sui's Rise and Prospects

SUI price also shows a bullish trend. With increased buying volume, the price soared to $3.3 with the next possible stop at $3.5. Trading volume surged from below a billion to $3.6 billion in days, indicating high investor interest. The SUI price is expected to follow market trends until the end of 2024.

Cryptocurrencies Solana and Sui demonstrate considerable growth, aiming for new records. With current market dynamics, they may reach new heights soon.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Solana Accelerate Event in Shanghai Postponed Due to Overcapacity

The Solana Accelerate event in Shanghai was postponed due to exceeding venue capacity.

user avatarMaya Lundqvist

Coinbase Urges Bitcoin Ecosystem to Prepare for Quantum-Resistant Security

Coinbase is urging the Bitcoin ecosystem to prepare for quantum-resistant security measures to address potential threats from quantum computing.

user avatarLeo van der Veen

Federal Judge Upholds $5 Million Settlement Against Gemini

A federal judge has upheld a $5 million settlement against Gemini, rejecting a motion to overturn it despite changes in regulatory policy.

user avatarLi Weicheng

Criminals Use AI-Powered Tools for Cyber Attacks in India

Criminals are using AI-powered tools to conduct financially motivated cyber attacks against entities in India.

user avatarAisha Farooq

MEXC Enhances Security Measures and Capital Reserves

MEXC enhances its security framework and capital reserves by adding 1,000 BTC to its Futures Insurance Fund, aiming to protect user assets and provide a risk buffer during extreme market conditions.

user avatarTenzin Dorje

MEXC Unveils AI Trading Report with Key Insights from Crypto Traders

MEXC has released an AI Trading Report based on a survey of 3,708 crypto traders, highlighting the use of AI in trading strategies and user preferences for control and risk management.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.