Sui (SUI) Breaks Key MA Resistance – Will Ondo (ONDO) Ride the Momentum Wave?

Sui’s recent breakout past a major moving average has traders buzzing—another ’technical analysis win’ or just another excuse for crypto speculators to chase pumps? Meanwhile, Ondo (ONDO) lurks in the shadows, waiting for its moment. Can it replicate Sui’s surge, or will it get stuck in the altcoin graveyard like so many before it?

Technical traders are salivating over Sui’s chart, but let’s be real—this market runs on hype as much as indicators. Ondo’s got the setup, but does it have the narrative? In crypto, that’s often the difference between a moonshot and a slow bleed.

One thing’s certain: when MA lines break in this market, someone’s getting rich—and it’s probably not you. The real question is whether ONDO’s liquidity can handle the heat when (or if) the algos come knocking.

Sui (SUI) and Ondo (ONDO) Analysis

As shown in the chart on the left, SUI broke out of a falling wedge pattern—a structure typically considered bullish and indicative of a reversal. The breakout was followed by a clean retest and a strong push above both the 50-day moving average (MA) and the 100-day MA, which had served as major resistance during its downtrend.

This successful breakout from the “blue zone” resistance (highlighted in the chart) triggered a sharp move, lifting SUI to $3.03, up 28% from the breakout level. The next significant resistance lies NEAR $3.73, where bulls may face some hesitation.

On the right side, ONDO appears to be mirroring this same setup. It too broke out of a falling wedge on April 12, successfully retested the pattern, and has now cleared its 50-day MA. ONDO is currently challenging its own “blue zone” resistance at $0.9570, almost identical to the level where SUI started its major breakout.

If ONDO breaks through this zone decisively, it could aim for the 100-day MA and $1.23 level—representing a 42% upside from its current price around $0.89.

What’s Ahead?

While SUI has already delivered an impressive post-breakout rally, all eyes are now on ONDO to see if it can replicate the same move. The setup is certainly encouraging—both the, and volume is beginning to support the trend.

With the broader market regaining momentum and risk appetite improving, a successful breakout by ONDO could open the doors for a strong upside continuation, especially if it aligns with Bitcoin and Ethereum holding their recent gains.

This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.