SUI has gained strength, pushing prices above a key resistance zone, signaling a potential bullish run. The token has formed a bullish pattern and, after reaching the neckline, could see a significant rally. Solana's DEX volume compared to Ethereum also hints at long-term bullish potential for both cryptos.
SOL's price closely follows Bitcoin's, with both charts resembling each other. For the third time in 50 days, SOL has faced rejection at $161, signaling possible bearish sentiment. However, it has consolidated between $115 and $200, with support at the 200-day MA and a bullish Ichimoku cloud flip.
SUI's price has been rising since mid-August, consolidating in a narrow range. The weekly action points to a potential double-bottom pattern, with indicators suggesting a fresh uptrend as buying pressure accumulates. SUI is poised for a breakout, aiming for new all-time highs.