SUI Eyes $5 Breakout—Can It Outpace Solana in the Next Crypto Rally?
Move over, Solana—SUI’s chart is printing a bullish pattern that could send it soaring past $5. Network activity spikes and developer migration suggest this isn’t just another dead cat bounce.
Why SUI’s tech stack matters: Parallel execution and object-centric design let it process transactions faster than Solana during congestion. Validators are staking harder than Wall Street bankers stake their reputations.
The catch? Every ’Ethereum killer’ since 2017 promised scalability. SUI needs to prove its tokenomics won’t implode when VC lockups expire—unlike certain *cough* SOL-aligned projects.
Sui Price Prediction: SUI Surged by More than 400% the Last Time This Happened
Sui has gone up by 2.4% in the past 24 hours despite the market’s overall weakness. The price currently sits at $3.85 – an area where it has experienced significant selling pressure lately.
Looking at the daily chart, the price action has broken its trend line support but has not yet broken its bullish structure.
The uptrend is still intact as the price has not dropped below its second-best higher high. This retest is not necessarily endangering the rally but it is important to keep an eye on how the price behaves at these levels.
A break below the $3.50 mark may indicate that buyers are ready to take some profits off the table. This could cause a bearish MOVE toward the next relevant support areas – the most important of which is the 200-day exponential moving average (EMA).
Meanwhile, if the price rises above the $4 level again, it could indicate that bulls are ready to resume the rally and could end up pushing SUI to its all-time high in a relatively short period.
The most powerful technical signal that has backed this rally is a bullish crossover between the 21-day and the 200-day EMA. This buy signal, known as a ‘golden cross’, resulted in gains exceeding 400% the last time it happened in the daily chart.
Hence, despite this recent pause in the rally, SUI’s mid-term outlook is quite promising.
As new smart contracts platforms emerge to compete with Solana, a new crypto presale called Solaxy (SOLX) will soon launch to strengthen the latter’s ecosystem and infrastructure.
Solaxy Nears the End of a Successful Presale with Nearly $40M Raised – Don’t Miss Your Chance
Solaxy (SOLX) fixes Solana’s congestion issues once and for all. This project has made significant progress in deploying its L2 and has already launched a testnet to ensure that the solution performs as expected.
Since its presale event kicked off in December, Solaxy has raised nearly $39 million to launch its scaling protocol. In just 26 days, this stage of its roadmap will end, so late buyers should hurry to scoop up some $SOLX at its discounted price of $0.00173 before it is too late.
As the L2’s utility token, the demand for $SOLX will skyrocket as top wallets and exchanges embrace Solaxy as their preferred route to execute transactions in the solana mainnet.
To buy $SOLX, simply head to the Solaxy website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.
