Kraken is doubling down on trader empowerment. By increasing margin trading leverage from 2x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before.

Margin leverage is increasing for five of our most popular crypto assets: ADA, LINK, AVAX, SUI and LTC!

10x margin trading is now available for:

Why Kraken’s 10x leverage is a win for traders

• Greater capital efficiency
  Trade larger positions with less capital, freeing up funds for other opportunities.
• More dynamic strategies
  React quickly to market moves and execute short-term strategies more effectively.
• Enhanced risk/reward management
  Amplify potential gains (and losses) with tools to help manage risk intelligently.
• Same security. More power.
  Enjoy increased leverage with Kraken’s trusted security and infrastructure.

Here’s some more information about the tokens:

Cardano (ADA) is a research-driven cryptocurrency. Cardano is the first proof-of-stake blockchain platform to be founded on peer-reviewed research. It’s powered by Ouroboros, a protocol that its proponents claim has improved upon security, scalability and energy efficiency versus other proof-of-work predecessors, like Bitcoin. ADA is the native token of Cardano and can be staked to earn rewards.

Chainlink (LINK) is a decentralized oracle that provides external data to smart contracts. Using reputation and validation systems to reward honest behavior among tamper-proof oracles, the Chainlink network connects smart contracts to real world data, events and payments. The cryptocurrency that powers the network is LINK, an ERC-20 token that incentivizes oracles – third party blockchain data sources – to maintain service level agreement (SLA) standards.

Avalanche (AVAX) is a system that serves as a foundation for a new wave of decentralized applications (or dApps). Consisting of three interoperable blockchains, it aims to deliver high throughput without sacrificing scalability.

Sui Network (SUI) is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui Network allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.

Litecoin (LTC) is a BTC fork with faster transaction confirmations. Litecoin (LTC) was released in 2011 as a fork of Bitcoin with the primary difference being a decreased block processing time, 2.5 minutes as opposed to Bitcoin’s 10 minutes, allowing for faster confirmation of transactions. Litecoin also features improved storage efficiency and a slightly different proof-of-work mining mechanism than Bitcoin.

Before you start, what you should know:

In order to trade using margin, you will need to hold at least one collateral currency.

The availability of margin trading services is subject to certain limitations and eligibility criteria.

Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.

Trade with caution

There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

Ready to trade but don’t have a Kraken account yet? Sign up today!

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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Last updated: 

August 9, 2025

Swiss digital asset bank Sygnum is expanding regulated institutional access to the Sui blockchain with a suite of new products, including custody, trading, and lending services for its professional clients.

The Zurich- and Singapore-based bank announced Friday it will now provide institutional-grade custody as well as spot and derivatives trading for SUI.

Staking services are set to roll out in the coming weeks, while SUI collateral-backed Lombard loans are scheduled for launch in the fourth quarter.

Sygnum to Keep All SUI Holdings Off Balance Sheet for Bankruptcy Protection

All SUI holdings will be kept off the bank’s balance sheet and structured to be bankruptcy remote.

The initiative follows Sygnum’s July 2025 integration of SUI into its platform, making it the first Swiss bank to fully support the token.

Partnering with the Sui Foundation, the bank aims to tap demand from banks, asset managers, and high-net-worth individuals seeking secure and regulated access to blockchain ecosystems.

Sui Foundation managing director Christian Thompson said the collaboration strengthens the project’s links to global institutional investors.

Sygnum CEO Mathias Imbach described the bank’s role as operating at the “intersection” of digital assets and traditional finance, enabling clients to engage with new opportunities under a regulated framework.

Sui, created by Mysten Labs, a team of former Meta engineers, uses parallel transaction processing to boost scalability and supports applications in DeFi, payments, real-world asset tokenization, and gaming.

It has also moved early into the BTCfi sector, allowing Bitcoin holders to participate in DeFi without sacrificing security.

Sygnum holds banking and digital asset licenses in Switzerland, Singapore, Abu Dhabi, Luxembourg, and Liechtenstein.

In May, Sygnum added staked SOL to its Lombard loan collateral portfolio for double earning potential on one asset.

The crypto bank said it has added SOL to its portfolio of over 20 tokens as eligible collateral for its Swiss Franc, Euro, Singapore dollar, and US dollar-denominated Lombard loans.

Sygnum’s other Lombard loan collateral portfolio includes major coins like BTC, ETH, POL, and XRP.

Mill City Eyes $500M Raise for Sui Strategy

Earlier this month, Nasdaq-listed Mill City Ventures III announced plans to raise up to $500 million through a new equity agreement to expand its Sui token treasury.

The announcement came just days after Mill City secured $450 million via the sale of 83 million shares to institutional investors, including Pantera Capital, Electric Capital, ParaFi Capital, and FalconX.

The firm used those funds to purchase 76.2 million SUI tokens valued at $276 million. The remaining capital will support its existing short-term lending operations.

Mill City said it is positioning itself as a specialized SUI treasury, aiming to take advantage of the layer-1 blockchain’s focus on low-latency, scalable infrastructure for AI and gaming applications.

The firm’s new $500 million equity line was arranged with Alliance Global Partners and is intended to further scale its position in SUI.

Author

Hongji Feng

Author

Hongji Feng

About Author

Hongji is a reporter who covers crypto, finance, and tech. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX,…

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August 1, 2025

The crypto market enters August 2025 with mixed interpretations about whether an altcoin season is taking shape.

While Bitcoin remains near its recent highs, some traders are shifting attention toward projects like Tron, Sui, and Pi Coin. Each shows contrasting price action and sentiment, making them part of the debate over the durability of the current altseason trend.

Tron: Steady Growth With Utility

Tron (TRX) has maintained steady traction in recent weeks. The Tron price is around $0.32, according to CoinMarketCap, with a market cap of about $31 billion and daily trading volume of nearly $1.54 billion, up by 44% within the past 24 hours.

July trading showed a stable range between $0.28 and $0.33. This consolidation suggests steady demand despite market volatility. Analysts cite Tron’s DeFi footprint and lower supply compared to competitors as reasons why it continues to attract flows during periods when altcoin season activity rises.

Whale accumulation and consistent activity across Tron’s DeFi applications add to the case for continued relevance. Some research outlets have pointed to its ability to maintain liquidity and support ecosystem projects, which has allowed TRX to stay in the conversation despite stronger competition from the Ethereum and Solana ecosystems.

Sui: Growth Meets Recent Pullback

The Sui price currently sits near $3.58, supported by a market cap of about $12.3 billion and daily trading volume exceeding $2.4 billion. Data shows a modest pullback of about 5% over the past 24 hours, after a month of strong inflows.

Sui Price (Source: CoinMarketCap)

Sui’s object‑based design and parallel execution continue to set it apart among Layer‑1 protocols. On‑chain adoption in DeFi and GameFi has supported TVL growth, though recent price softness has tempered short‑term sentiment. LunarCrush metrics earlier in July showed strong social engagement, reinforcing that traders continue to monitor SUI closely despite the decline.

Analysts suggest late‑2025 could prove important if upcoming integrations and ecosystem expansions deliver new user activity. For now, Sui represents an asset with utility and traction but is facing pressure from broader market sentiment.

Pi Coin: Supply Concerns Pressure Sentiment

The Pi Coin price is trading around $0.4, with recent reports pointing to downward pressure following a July supply unlock.

Pi’s daily volumes remain low compared to Tron and Sui, indicating weaker liquidity. Analysts note that a 17% drop in July coincided with a token unlock event of about 160 million PI, raising concerns about further dilution.

Investor sentiment remains cautious. Without clear use cases or robust DeFi integration, Pi’s price action suggests it is more dependent on community participation and speculative cycles than underlying protocol adoption.

Altcoin Season or Market Pause?

The Altcoin Season Index remains 36, meaning that Bitcoin continues to outperform most altcoins. Yet the steady performance of Tron, the active though volatile market for Sui, and the ongoing debate over Pi Coin show that interest in mid‑cap assets persists.

Some traders argue that altseason requires a broader rotation into tokens like these. Others believe current conditions represent selective trading rather than a full cycle.

Whether this develops into a sustained altcoin season remains uncertain. Tron offers steady liquidity and usage, Sui continues to build out infrastructure despite recent declines, and Pi Coin reflects the risks of supply shocks.

Together, these tokens capture the range of outcomes possible in an altseason: steady performers, growing platforms, and speculative risks. For traders, they illustrate how the cycle can extend beyond Bitcoin—even if the breadth of participation remains limited.

Key points:

• Bitcoin remains stuck in a narrow range, suggesting a breakout could be around the corner.

• The FOMC minutes and Federal Reserve interest rate decision could set the tone for crypto’s next steps.

Bitcoin (BTC) continues to trade near the $120,000 resistance, indicating that the bulls have kept up the pressure. Although Bitcoin is on a strong wicket, the up move may face seasonal headwinds. According to Axel Adler Jr., BTC has recorded an average return of just 2.56% in August in the past 13 years.

However, near-term uncertainty or August’s historical weakness has not stopped Strategy from buying more BTC. The firm said on Tuesday that it had acquired 21,021 BTC at an average price of $117,256, boosting its total holding to 628,791 BTC.

As BTC consolidates, Ether (ETH) and BNB (BNB) have been gaining ground. Glassnode said in a post on X that ETH’s perpetual futures volume dominance has surpassed BTC, marking the “largest volume skew” on record. The “shift confirms a meaningful rotation of speculative interest toward the altcoin sector,” the analytics platform added.

Could BTC break out of its range? Will select altcoins continue their bull run? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC continues to trade inside a tight range between $115,000 and $120,000. The longer the price stays inside a narrow range, the larger the eventual breakout from it.

The upsloping 20-day simple moving average ($118,313) and the relative strength index (RSI) in the positive territory indicate that the path of least resistance is to the upside. If buyers drive the price above $120,000, the BTC/USDT pair could pick up momentum and surge to a new all-time high above $123,218. The pair may then ascend to $135,000.

Conversely, a break and close below $115,000 suggests the bears have overpowered the bulls. That could sink the price to $110,530. This is a vital support to keep an eye on because a break below it opens the gates for a drop to $100,000.

Ether price prediction

ETH is trying to maintain above the breakout level of $3,745, signaling that the bulls are not hurrying to book profits as they anticipate another leg higher.

If the price rebounds off the $3,745 support, the ETH/USDT pair could reach the overhead resistance at $4,094. Sellers are expected to pose a strong challenge at $4,094, but if the bulls prevail, the pair could skyrocket toward $4,868.

Instead, if the price turns down and breaks below $3,745, it suggests that the bulls have given up. That could tug the price to the 20-day SMA ($3,516), where the buyers are expected to step in. If the price rebounds off the 20-day SMA with strength, the bulls will again try to pierce the overhead resistance.

XRP price prediction

XRP (XRP) is witnessing a tough battle between the buyers and sellers at the 20-day SMA ($3.16).

If the price skids below the $3.05 support, the next stop is likely to be $2.95. Buyers are expected to fiercely defend the $2.95 level because a break below it could start a deeper correction toward $2.65.

Alternatively, a strong rebound off the $2.95 level suggests solid demand at lower levels. The 20-day SMA could act as a resistance on the way up, but if the bulls overcome it, the XRP/USDT pair may climb to $3.33 and, after that, to $3.66.

BNB price prediction

BNB has pulled back to the breakout level of $794, which is a crucial support to watch out for. 

If the price rebounds off $794 with strength, it suggests that the bulls are trying to flip the level into support. If that happens, the BNB/USDT pair could retest the all-time high of $861. A break and close above $861 could start the next leg of the uptrend to $900.

On the contrary, a break and close below the $794 level signals profit-booking by short-term buyers. The pair could then dip to the 20-day SMA ($751), which is likely to attract buyers. Sellers will have to yank the pair below the 20-day SMA to gain the upper hand.

Solana price prediction

Solana (SOL) has pulled back to the 20-day SMA ($178), which is likely to act as solid support.

If the price rebounds off the 20-day SMA with strength, the bulls will again try to push the SOL/USDT pair toward the overhead resistance of $209. A break and close above $209 could open the doors for a rally to $240. There is minor resistance at $220, but it is likely to be crossed.

Contrarily, a break and close below the 20-day SMA could tug the price to the 50-day SMA ($160). That suggests the pair may extend its stay inside the large range between $110 and $209 for a few more days.

Dogecoin price prediction

Dogecoin (DOGE) turned down from $0.25 on Monday and broke below the 20-day SMA ($0.22) on Tuesday, indicating selling on rallies.

The next support is at $0.21. If the price bounces off $0.21 and breaks above the 20-day SMA, the bulls will try to push the DOGE/USDT pair to $0.26 and later to $0.29. Sellers are expected to defend the $0.29 level with all their might because a close above it could propel the pair to $0.35 and then to $0.44.

On the other hand, a break and close below $0.21 could sink the pair to the 50-day SMA ($0.19). That suggests the pair may remain inside the large $0.14 to $0.29 range for a while longer.

Cardano price prediction

Cardano (ADA) slipped below the 20-day SMA ($0.79) on Tuesday, indicating that the bears are trying to take charge.

There is support at $0.76, but if the level breaks down, the ADA/USDT pair could extend the correction to $0.73 and then to the 50-day SMA ($0.67). Such a fall suggests that the pair may remain inside the $0.50 to $0.86 range for a while.

The first sign of strength will be a break and close above the 20-day SMA. That suggests a lack of aggressive selling at lower levels. The bulls will then try to push the pair above the $0.86 resistance.

Related: $3 price at risk? Why XRP was one of the worst performers this week

Hyperliquid price prediction

Hyperliquid (HYPE) has been stuck between the support line of the ascending channel and the 20-day SMA ($45.13).

The failure of the bulls to push the price above the 20-day SMA increases the risk of a break below the support line. If that happens, the HYPE/USDT pair could correct to $36 and subsequently to $32.

This negative view will be invalidated in the near term if the price turns up and rises above the 20-day SMA. The pair may then climb to the $48 to $49.87 overhead resistance zone.

Stellar price prediction

Stellar (XLM) plunged below the 20-day SMA ($0.44) on Monday, and the bears defended the level during a retest on Tuesday.

Sellers will try to strengthen their position by pulling the price below $0.40. If they manage to do that, the XLM/USDT pair could decline to the 50% Fibonacci retracement level of $0.37 and then to the 61.8% retracement level of $0.34. 

Buyers are likely to have other plans. They will try to make a comeback by pushing the price above $0.46. If they can pull it off, the pair could retest the overhead resistance of $0.52. The next leg of the rally to $0.64 could begin on a close above $0.52. 

Sui price prediction

Sui (SUI) rose above the $4.30 resistance on Sunday, but the breakout proved to be a bull trap as the price turned down sharply on Monday.

The bears are trying to sustain the price below the 20-day SMA ($3.85). If they do that, the SUI/USDT pair could drop to $3.51. Buyers are expected to fiercely defend the zone between $3.51 and the 50-day SMA ($3.27).

If the price turns up from $3.51 and breaks above the 20-day SMA, it suggests a possible range formation. The pair may swing between $3.51 and $4.30 for some time. A break and close above $4.30 could start a new uptrend toward $5.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/price-predictions-7-30-btc-eth-xrp-bnb-sol-doge-ada-hype-xlm-sui/feed/ 0 50528 https://earlybirdsinvest.com/sui-sol-and-more-686m-token-unlock-wave-set-for-this-week/ https://earlybirdsinvest.com/sui-sol-and-more-686m-token-unlock-wave-set-for-this-week/#respond Mon, 28 Jul 2025 23:20:05 +0000 https://earlybirdsinvest.com/sui-sol-and-more-686m-token-unlock-wave-set-for-this-week/

Key points:

• Bitcoin has pulled back into the $115,000 to $110,530 support zone, where buyers are expected to mount a strong defense.

• ETH has been holding near the overhead resistance as investors pour money into the spot ETH ETFs.

Repeated failure to maintain Bitcoin (BTC) above the $120,000 level in the past few days may have tempted short-term traders to book profits. That pulled the price below the $115,000 level on Friday.

BTC’s consolidation seems to be shifting investor interest toward Ether (ETH), causing a capital rotation, according to a new research shared on X by crypto market insight firm Swissblock. 

According to Farside Investors’ data, spot ETH exchange-traded funds (ETFs) recorded net inflows of roughly $2.4 billion in the past six trading days, well above the $827 million in net inflows into spot BTC ETFs during the same period.

Galaxy Digital CEO Michael Novogratz said on CNBC that ETH could possibly “outperform Bitcoin in the next three to six months.” He added that ETH could go into price discovery if it takes out $4,000.

BitMEX co-founder Arthur Hayes was even more bullish as he anticipates ETH to hit $10,000 by the end of the year.

What are the critical support and resistance levels to watch out for in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC has slipped below the 20-day simple moving average ($116,305), indicating that the bears are trying to make a comeback.

However, the bulls are unlikely to give up easily. They will aggressively defend the zone between the 20-day SMA and the $110,530 support. If the price turns up sharply from the support zone, it suggests that the sentiment remains positive and traders are buying on dips. That increases the possibility of a break above $123,218. If that happens, the BTC/USDT pair could surge to $135,729.

This optimistic view will be negated in the near term if the price continues to fall and plummets below $110,530. That could accelerate selling, pulling the pair toward the vital support of $100,000.

Ether price prediction

ETH is facing significant resistance from the bears at the $3,745 level, but a positive sign is that the bulls have not ceded much ground to the bears.

A tight consolidation near a strong resistance increases the likelihood of a break above it. If that happens, the ETH/USDT pair could challenge the overhead resistance at $4,094. A break and close above the resistance could start the next leg of the uptrend toward $4,868.

The first support on the downside is at $3,500. A break and close below $3,500 opens the gates for a fall to the 20-day SMA ($3,234). Buyers are expected to fiercely defend the 20-day SMA because a break below it tilts the advantage in favor of the bears.

XRP price prediction

Buyers tried to push XRP (XRP) above the $3.66 resistance on Monday, but the bears held their ground. 

Failing to resume the uptrend may have tempted short-term buyers to book profits. That pulled the price to the 20-day SMA ($2.96), which is likely to act as a strong support. If the price rebounds off the 20-day SMA with strength, the bulls will make one more attempt to kick the XRP/USDT pair above $3.66. If they succeed, the pair could ascend to $4 and then to $4.50.

Contrary to this assumption, a break and close below the 20-day SMA could signal the start of a deeper correction to $2.60.

BNB price prediction

BNB (BNB) skyrocketed to a new all-time high of $809 on Wednesday, but the bulls could not sustain the higher levels.

The pullback is finding support in the $761 to $732 zone. A shallow pullback signals the bulls are not hurrying to book profits as they anticipate another leg higher. If the price turns up from the current level and breaks above $809, the BNB/USDT pair could surge to $900.

Sellers will have to pull and maintain the price below the 20-day SMA ($714) to prevent the upside. Such a move suggests that the break above the $794 level may have been a bull trap.

Solana price prediction

Solana (SOL) turned down from the $209 resistance on Wednesday and broke below the breakout level of $185 on Thursday.

There is strong support at the 20-day SMA ($171). If the price rebounds off the 20-day SMA, the bulls will again attempt to thrust the SOL/USDT pair above $209. If they can pull it off, the pair may jump to $240 and eventually to $260.

Alternatively, a break below the 20-day SMA suggests the bulls are losing their grip. The pair may drop to the 50-day SMA ($157). A deep correction could delay the start of the next leg of the up move.

Dogecoin price prediction

Dogecoin (DOGE) has been oscillating between $0.14 and $0.29 for several days, indicating buying on dips and selling near the overhead resistance.

The price turned down from $0.29 on Monday but is likely to find support at the 20-day SMA ($0.21). If the price rebounds off the 20-day SMA, the bulls will try to drive the DOGE/USDT pair to $0.29. A break and close above $0.29 could start a new uptrend toward the target objective of $0.44.

Instead, if the price dips below the 20-day SMA, it suggests the pair may remain inside the large range for a few more days.

Cardano price prediction

Cardano (ADA) is finding support at the 20-day SMA ($0.74), but the bears are likely to sell on rallies.

If the price turns down and breaks below the 20-day SMA, it suggests a lack of demand at lower levels. That opens the doors for a fall to the 50-day SMA ($0.66).

On the contrary, if the price again rebounds off the 20-day SMA, it indicates that the bulls are aggressively defending the level. The bulls will try to push the price to $0.86 and then to $0.94. Sellers are expected to protect the $0.94 level, but if the bulls prevail, the ADA/USDT pair could resume the up move to $1.02 and then to $1.17.

Related: Eric Trump ‘agrees’ Ether should be over $8K as Global M2 money soars

Hyperliquid price prediction

Hyperliquid (HYPE) broke below the 20-day SMA ($44.29) on Wednesday and has reached the support line of the ascending channel pattern.

The 50-day SMA ($40.69) is also placed near the channel’s support line, indicating that the bulls are likely to defend the level with vigor. If the price rebounds off the support line and rises above the 20-day SMA, it suggests the HYPE/USDT pair may remain inside the channel for some more time. The pair may climb to $48 and then to $49.87.

Conversely, a break and close below the support line signals the start of a deeper correction. The pair may slump to $36 and subsequently to $32.

Stellar price prediction

Stellar (XLM) pulled back from $0.52 on July 18 and has reached the 20-day SMA ($0.40), which is likely to attract buyers.

If the price rebounds off the 20-day SMA with strength, the bulls will try to propel the XLM/USDT pair toward the overhead resistance at $0.52. A break and close above $0.52 signals the start of the next leg of the up move toward $0.64.

On the other hand, a break and close below the 20-day SMA suggests the short-term bulls are booking profits. The pair could then slump to the 61.8% Fibonacci retracement level of $0.34.

Sui price prediction

Sui (SUI) turned down from the $4.30 resistance on July 18, indicating that the bears are active at higher levels. 

The $3.55 level is the crucial support to watch out for in the near term. If the price turns up from the current level and breaks above $3.87, it suggests the SUI/USDT pair may form a range between $3.55 and $4.30. Buyers will be back in the driver’s seat on a close above $4.30.

Contrarily, if the price continues lower and breaks below $3.55, it suggests that the bulls have given up. The pair may then decline to the 50-day SMA ($3.20), which could attract buyers.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/price-predictions-7-25-btc-eth-xrp-bnb-sol-doge-ada-hype-xlm-sui/feed/ 0 49637 https://earlybirdsinvest.com/sui-bullish-chart-pattern-confirmation-sets-breakout-target-at-3-89/ https://earlybirdsinvest.com/sui-bullish-chart-pattern-confirmation-sets-breakout-target-at-3-89/#respond Fri, 11 Jul 2025 01:32:31 +0000 https://earlybirdsinvest.com/sui-bullish-chart-pattern-confirmation-sets-breakout-target-at-3-89/

Key points:

Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41.

Could SUI continue its upward move? Let’s analyze the charts to find out.

SUI price prediction

SUI turned up sharply from the 20-day exponential moving average (EMA) ($2.92) on Wednesday and broke above the 50-day simple moving average (SMA) ($3.08) on Thursday.

The 20-day EMA is trying to turn up, and the relative strength index (RSI) has jumped into positive territory, indicating that the bulls are back in the game. If buyers maintain the price above the 50-day SMA, the SUI/USDT pair could climb to $3.55.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it signals that the bears continue to sell on rallies. The pair could then descend to $2.64 and later to $2.29.

Related: Bit Mining surges 350% on pivot to Solana, plans $300M token treasury

The pair completed a bullish inverse head-and-shoulders pattern on a close above the $3.08 level. Although the upsloping moving averages signal an advantage to buyers, the overbought level on the RSI suggests a pullback may be around the corner. The neckline is the crucial support to watch out for on the downside. If the price rebounds off the neckline, the pair could rally to $3.50 and subsequently to the pattern target of $3.89.

This optimistic view will be negated in the near term if the price turns down and plunges below the moving averages. That may sink the pair to $2.80 and then to $2.60.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/sui-bullish-chart-pattern-confirmation-sets-breakout-target-at-3-89/feed/ 0 46944 https://earlybirdsinvest.com/sui-staking-is-now-live-on-kraken-earn-up-to-3/ https://earlybirdsinvest.com/sui-staking-is-now-live-on-kraken-earn-up-to-3/#respond Mon, 07 Jul 2025 19:42:57 +0000 https://earlybirdsinvest.com/sui-staking-is-now-live-on-kraken-earn-up-to-3/