The crypto market is showcasing interesting movements with SUI on the verge of a golden cross and Ripple facing barriers to growth.
SUI: Golden Cross on the Horizon
SUI's price is showing signs of stability after a recent 10% pullback. After a strong 70% rise, a golden cross between the 50-day and 200-day EMAs is expected to form. Although the price has slipped below $3.16, the bullish trend remains intact, and reclaiming this support level will be crucial for SUI.
Ripple (XRP): Resistance Issues
XRP has pulled back from a recent high of $2.25, now trading below $2.20. The resistance at $2.20 is hindering recovery, and the price is under pressure. If XRP can break this resistance, it may increase to $2.25, but a lack of movement could lead to a dip to $2.13 or lower.
BlockDAG: Rewards for Strategic Moves
In the recent BlockDAG's Buyer Battles, wallet 0xb691...8e made headlines by acquiring an impressive 1.52 million BDAG, positioning itself as the top buyer of the day. A total of 19.72 million coins were sold within 24 hours, demonstrating that success in these battles relies not only on the volume of purchases but also on the ability to make precise moves and timely buys.
The dynamics of SUI and XRP highlight that price movements do not always guarantee sustained growth. SUI needs to hold at $3.16, while XRP faces resistance. Meanwhile, BlockDAG is proving how strategic approaches can yield significant rewards.
