🛑 Analysis of $SUI $FTM $JUP 🛑

1️⃣ Sui (SUI)

Sui (SUI) showed a promising uptrend after successfully retesting an important support trend line on the daily timeframe, resulting in an 11% jump in the last 24 hours. The altcoin is currently on the verge of breaking out of a descending channel formation, indicating increased positive momentum. The Relative Strength Index (RSI) made a sharp exit from the oversold range towards its midpoint, indicating increased buying pressure. Additionally, it shows an average bullish convergence, highlighting SUI's potential to continue gaining value this week. If the bulls maintain their momentum, Sui could surpass the resistance level at $0.8925 and target the recent peak at $1.1760. Conversely, if the bears regain control, the altcoin could drop to $0.6125 this month.

2️⃣ Fantom (FTM)

Fantom (FTM) also made a significant jump of approximately 10% in the last 24 hours, with trading volume rising by 24.23% to $158.15 million. The MACD technical indicator shows a continuous decline in the red histogram, indicating increased price movement in the cryptocurrency market. Additionally, the averages show a bullish trend, presenting a positive outlook for Fantom's FTM price. However, the 50/200-day cross EMA is evolving towards a Death Cross formation, indicating mixed feelings for FTM in the daily timeframe.

3️⃣ Jupiter (JUP)

Jupiter (JUP) has recently seen a mix of declines and rises, with a 4% increase in the last seven days and a sharp 18.90% drop in the last 30 days. Despite this, JUP increased its value by 3.28% in the last 24 hours with a daily trading volume of $109.81 million, indicating an increase in bullish sentiment.

#SUI #NOT #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7