While the Bitcoin price remains stuck within a narrow range, the altcoins, which have been displaying extreme strength, are losing their grip over the rally. The market participants appear to have shifted their profits onto the other token and as a result, these have been facing notable selling pressure at the moment. However, the crypto markets are showing signs of a reversal this weekend, and if it materialises, then these altcoins are expected to surge heavily with a huge margin.

Sui (SUI)

The SUI price is flashing bullish signals as the bulls are utilising all their resources to keep the rally above the pivotal support

The levels between $1.909 and $1.95 were an important resistance before, which have turned into support, keeping the bullish possibility alive

Although the bears are dragging the levels lower, the support of the Bollinger bands remains elevated, suggesting the rising dominance of the bulls

Previously, when a similar trend occurred, the price faced a huge pullback but the current trend could result in a bullish upswing as the price failed to rise above the resistance zone.

Therefore, the SUI price is expected to trigger a fine rise as the selling volume has faded, which may attract fresh bullish volume

Bittensor (TAO)Similar to SUI, Bittensor price underwent a parabolic recovery after rebounding from the lows close to $200

After a gigantic rise, the token consolidated for a while and broke out of the range, displaying acute strength

Moreover, the resistance of the channel which is offering a base may initiate a strong rebound, helping the TAO price to form new highs

Besides, the RSI is incremental and regardless of the interim pullback, the price is about to trigger a rebound from the average

Luckily, the selling volume is fading and hence, after the bearish pressure fades out, the price is expected to initiate a healthy upswing $SUI $TAO