Welcome to the TradeCityPro Channel!
Today, I'm analyzing the popular SUI
coin for you. SUI, a prominent Layer-1
blockchain in the market, has gained
significant attention from investors in
recent months. With an influx of capital
into its network, the SUI coin's price has
experienced notable growth.
ds Currently, Bitcoin continues its upward
trend, marking a new all-time high (ATH) at
$98,380. However, Bitcoin dominance has
started to decline after a fake breakout of
61.32, leading to corrections. As a result,
while Bitcoin consolidates, altcoins have
begun to move.
4 For instance, Ethereum has climbed
9%. If Bitcoin dominance continues
its downward trend, we may expect a
short-term altcoin season. Should the
decline persist, Bitcoin dominance could
retest its ascending trendline.
Key downward targets are 59.56 and
58.64. If dominance reaches these levels
while Bitcoin prices rise, we could witness
significant rallies in altcoins.
