The crypto market is witnessing significant shifts, including technical analysis of SUI, prospects for Jupiter, and a new partnership for BlockDAG.
SUI Technical Analysis
The current technical outlook for SUI indicates a risk of a 20-35% price drop if it cannot surpass the $3 resistance level. With SUI trading at around $2.91, it has been following a downward trend since May. If a 'death cross' forms between its major moving averages, last seen before March's drop, this could confirm further downside. Indicators like an overbought Stochastic RSI and reduced trading volume suggest weakening buying interest. Nonetheless, the overall network value has climbed above 600 million SUI, indicating confidence among long-term users.
Jupiter (JUP) Price Analysis
The Jupiter price analysis reveals a slow recovery underway. After dropping to $0.426 last week, buyers have pushed the price back up to $0.4459. While JUP is down 1.88% for the week, a brief move up to $0.450 suggests that the bulls are still in play. Currently trading between $0.430 and $0.440, JUP seems to be in a holding pattern. Thin volume and smaller candles show hesitation from both sides. However, if it breaks above $0.464, there is potential for it to climb toward $0.498.
BlockDAG Partnership with Seattle Seawolves
BlockDAG's partnership with Seattle Seawolves is creating new ways for fans to engage with their teams. As Major League Rugby champions, the Seawolves are integrating BlockDAG’s blockchain tools into their community. Fans can access digital collectibles, participate in real-time polls, and enjoy exclusive match content simply by holding BDAG coins. This enhances sports engagement, from owning highlights to participating in post-game chats with players. BlockDAG will also co-produce monthly content, including match previews and player interviews.
The technical outlook for SUI suggests short-term risks, but long-term value may emerge if resistance is broken. Jupiter remains steady with potential for an upside if it crosses key resistance. Meanwhile, BlockDAG continues to aggressively advance, bringing real-world use to its blockchain platform through its partnership with Seattle Seawolves.
