🚀📈 Solana Heads to $170 While SUI Price Tests $2—Here’s When a Rebound Could Occur Triggering a 15% Jump
📉 Market Consolidation
After a brief rally, the crypto market is consolidating, with Bitcoin falling below $71,000 after nearing its all-time high at $73,500. Bears seem to have taken control as bulls remain passive for the second day. Solana has dropped by over 5%, while SUI faces strong bearish pressure. Here’s when SOL and SUI might regain momentum for a strong upward trend.
📊 Solana (SOL) Price Analysis
Solana has shown resilience, rising over 35% this month. Despite recent bearish pressure, it remains in a bullish range and could soon aim above $180. SOL recently broke down from a rising wedge, and the RSI indicates it may test the lower support around $165. However, bulls may soon trigger a rebound, pushing SOL back toward $180.
🚀 SUI (SUI) Price Analysis
SUI’s recent upswing indicates that bulls are defending against further losses. Though bears regained control, strong buying pressure hints at an upcoming recovery. After a new ATH, SUI experienced a slight pullback, but RSI signals a potential reversal. SUI could soon form a new ATH above $2.5 and possibly hit $3 in early November 2024.