For $SUI , the market outlook this week shows a continued bullish trend, driven by strong price movement and high trading volumes.
#Support and Resistance Levels
-
Resistance: The key resistance level to watch is at $1.2047. If $SUI can break through this resistance, further gains could push the price towards $1.40 or even higher to $1.50–$1.80.
- Support: On the downside, important support levels are at $1.1253 and $1.0459. A drop below these levels could signal a reversal of the bullish trend.
#Current Market Dynamics
- Volume: $SUI has seen a 3.25% increase in trading volume, with the Total Value Locked (TVL) on the network reaching close to $1 billion, a new all-time high. This surge in volume indicates a rise in investor interest, which supports the continuation of upward price movements.
- Technical Indicators: Both the MACD and RSI indicators are bullish, supporting the ongoing price increases. A potential five-wave impulse pattern could push sui towards a target of $1.53 in the near term, with a more optimistic target of $2.30.
#Buying Strategy
Given the current momentum, could be a good buy if it pulls back to the $1.12–$1.04 support range, allowing for entry at a lower price. A break above $1.2047 would confirm the bullish trend, making it an opportune time for momentum traders to jump in, with targets above $1.40.
This week's trend is bullish, and the buying levels near $1.12 could offer a safer entry point before the next potential breakout. However, be mindful of overall market volatility and consider using stop-losses below $1.04.

For Ethereum ($ETH ) this week (starting September 29, 2024), the general outlook points to a cautious upward movement with potential pullbacks. Key support levels are around $2,573.66 and $2,647.63, while resistance stands near $2,673.69, with stronger barriers at $2,738 and $2,811.72 in the case of a bullish breakout.


In terms of trend analysis, ETH is currently experiencing a neutral to slightly bullish momentum. However, some analysts note a rising wedge formation on shorter timeframes, indicating potential for a downside breakout if volume decreases further. The MACD indicator remains bullish on the daily chart, but other oscillators are showing mixed signals.
Given the resistance and support zones, a good buying opportunity could be around the $2,573 to $2,647 range, particularly if the price stabilizes or dips near those levels. However, it is important to stay cautious due to potential volatility and watch for price action around the resistance points.
Consider monitoring the broader market sentiment and ETH's price movement closely to adjust your strategy.

$BTC
The chart below shows the short-term trend for Bitcoin based on hypothetical price and volume data.
- Price Trend: Bitcoin is currently fluctuating in a range between $65,987 and $66,615. The price has shown slight upward movement over the period but remains in a consolidation phase.
- Volume Trend: Trading volume is gradually increasing, indicating more activity. When combined with price consolidation, this could suggest a potential breakout.
If price breaks above key resistance levels while volume continues to increase, the next move could be upward. However, if volume declines or the price fails to breach resistance, a short-term correction might occur.

Bittensor ($TAO ) has seen significant activity recently, including a 15% surge following its Binance listing. This has increased both its liquidity and visibility, leading to speculation about its future movement. As of now, TAO's price is around $556.65, showing a 3.90% increase today with a trading volume exceeding $172 million.
Looking at the short-term trend, TAO has outperformed the broader cryptocurrency market over the last week, gaining more than 18%. Despite a recent dip, the token has shown resilience, bouncing back from lower prices. With its current trajectory, experts believe that TAO could experience further volatility, particularly due to its association with AI development, which continues to attract both retail and institutional investors.
The market sentiment surrounding TAO is optimistic, and if Bitcoin maintains its strength, we could see positive impacts on TAO as well. However, due to its relatively high price and the overall unpredictability of crypto markets, investors are advised to proceed with caution.$TAO $TAO
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$BTC #BTC☀ #BtcNews
1. Technical Indicators: Bitcoin is currently trading between key support at around $65,026 and resistance at $66,798. If BTC breaks above $66,798, it could move toward higher resistance levels around $68,743 and $71,645, indicating potential for further gains. On the downside, if BTC falls below its current level, it could target the $62,381 level as indicated by the Simple Moving Average (SMA)【20†source】【22†source】.

2. Bollinger Bands: The Bollinger Bands indicate that BTC is near the upper band, suggesting it may be overbought. If Bitcoin drops toward the SMA or lower band at $56,782, this could signal an oversold condition and potentially a buying opportunity.

3. Market Sentiment: The Fear & Greed Index currently stands at 63, indicating more greed in the market, which could signal overconfidence. If sentiment remains overly bullish, there might be short-term pullbacks

Given this combination of factors, BTC's short-term outlook remains cautiously bullish, but it is subject to corrections if it fails to break through resistance or if market sentiment shifts.