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SUI Price Falls Below $4, Hits Monthly Low, Yet Traders Are Bullish

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SUI has experienced a significant price decline, falling from its all-time high of $5.36, formed earlier this month. Currently trading at a monthly low, the altcoin faces the potential for further drawdowns. 

Despite the recent losses, traders remain cautiously optimistic about the cryptocurrency’s recovery prospects.  

SUI Traders Are Hopeful

The Relative Strength Index (RSI) indicates that bearish momentum is dominating SUI’s price action. The RSI has slipped below the neutral line and is at its lowest level since August 2024. This suggests that broader market conditions are not favorable for a recovery in the immediate term.  

The extended bearish sentiment, reflected in the RSI’s trajectory, highlights a lack of buying pressure. Traders are closely monitoring whether the momentum can stabilize, as any further decline could push SUI into deeper losses. The market currently lacks the signals needed for a strong reversal.  

Sui RSI
SUI RSI. Source: TradingView

Despite the downturn, SUI’s funding rate remains positive, indicating lingering optimism among traders. This trend has persisted since the start of the year, following the formation of SUI’s all-time high. Notably, this contrasts with December 2024, when traders placed short contracts even during minor declines.  

The positive funding rate suggests that traders believe in SUI’s long-term potential despite the current challenges. This optimism is providing some stability for the crypto token, which could prevent a steep sell-off if the broader market conditions begin to improve.

Sui Funding rate
SUI Funding Rate. Source: Coinglass

SUI Price Prediction: Finding A Way Back

SUI’s price has dropped by 22% over the last nine days, currently trading at $3.87. The crypto recently lost the $4.05 support level but remains above the critical support at $3.69. Holding this level is essential to prevent further downside in the near term.  

At its current monthly low, SUI remains vulnerable to additional losses. However, maintaining support above $3.69 could prevent a significant crash and buy time for potential market stabilization. 

SUI Price Analysis.
SUI Price Analysis. Source: TradingView

For the bearish outlook to be invalidated, SUI must reclaim $4.05 as a support level. Doing so would set the stage for a potential recovery, allowing the altcoin to aim for $4.35. This move would help offset recent losses and restore confidence among investors.  

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Key Things to Expect From the White House Crypto Summit

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On March 7, 2025, the White House will host its first-ever Crypto Summit. President Donald Trump will chair the summit, and David Sacks will serve as moderator.

With Trump’s recent moves, many investors are anticipating positive changes. Below are three things that BeInCrypto thinks will be key agenda in the summit.

Progress Toward Regulatory Clarity

For years, regulatory ambiguity has been a headache for cryptocurrency investors. The previous Biden administration took a heavy-handed approach with SEC lawsuits targeting companies in the industry. This was seen as excessively stifling the market, preventing its growth in the US.

Trump’s crypto-friendly stance could change that. The summit might outline a simpler legal framework for digital assets, addressing issues like exchange compliance, DeFi regulations, and stablecoin management.

David Sacks, a supporter of stablecoins strengthening the dollar’s position, could push for policies legitimizing USDC or USDT without stifling innovation.

Evidence of this shift includes the recent dismissal of several SEC lawsuits against Uniswap, Kraken, Coinbase, and other crypto companies.

Most importantly, the Summit will reportedly have a very short guest list, and several major crypto leaders have already been invited. This suggests that the White House wants to engage in direct conversation with these leaders, which could lead to more policy suggestions.

“More attendees are confirming attendance at Friday’s White House Crypto Summit. Confirmations so far from: Michael Saylor, David Bailey, Matt Huang, JP Richardson.” FOX journalist Eleanor Terrett said.

More Details On The US Crypto Reserve

President Trump recently announced plans to establish a strategic reserve with Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This has already had a positive short-term impact on their prices. As a result, investors holding these coins are particularly interested.

However, the market lacks detailed information about this strategic reserve. Where will the funding come from? Will it use seized assets or existing Treasury authority?

Additionally, the size of the fund and which assets might be added to the list might also be discussed at the White House Crypto Summit.

The Commerce Secretary also says President Trump will unveil the Bitcoin reserve strategy at the Summit. Other crypto assets will be treated positively but differently.

“The President definitely thinks that there’s a Bitcoin strategic reserve. Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that.” Secretary Lutnick told The Pavlovic Today. 

At least, for now, this strategic reserve could reinforce the legitimacy of cryptocurrencies, serving as a morale boost for long-term holders.

Crypto Tax Policy

Another potential topic of discussion is likely to be crypto tax reform. For a while now, Trump has been hinting at eliminating capital gains taxes on cryptocurrencies.

Lower taxes would reduce costs and increase profits for individual investors, potentially leading to reinvestment and boosting market activity.

In reality, completely eliminating capital gains taxes is unlikely due to potential opposition from Congress. However, a smaller adjustment, such as extending holding periods to reduce taxes, might be more feasible.

The White House Crypto Summit is taking place amid market uncertainty. The US trade war with other nations is heating up more than ever.

On Monday, Bitcoin dropped to $82,000 before recovering to its current level. Now, BTC retests $90,000 amid speculation of preferential treatment in Trump’s crypto reserve.

If the summit delivers positive news, it could reverse the downward trend. On the contrary, it could prolong the selling pressure, causing the market to continue falling further.

Therefore, investors should prepare for price volatility. This could be a “buy the rumor, sell the news” scenario, so users should avoid over-leveraging before the event. Consider your risk tolerance and investment goals.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Pi Price Eyes $3 Milestone Amid Bullish Momentum​

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Following a period of decline, PI has rebounded and initiated an uptrend as buying activity gains momentum. 

The renewed buying pressure suggests that PI bulls are back in control, now setting their sights on reclaiming its all-time high (ATH).

PI Regains Strength as Key Indicators Flash Bullish

After it reached an ATH of $3 on February 27, PI saw a spike in profit-taking, which caused its price to plummet to a low of $1.51 by March 2. However, PI’s price has rebounded since then, indicating a shift in market sentiment as bulls attempt to regain dominance from the bears.

Key technical indicators, including the Balance of Power (BoP), highlight the growing strength of buyers in the market. At press time, this indicator is in an upward trend and at its ATH of 0.92. 

PI BoP.
PI BoP. Source: TradingView

An asset’s BoP measures the strength of its buyers and sellers by analyzing its price movements within a given period. When its value is positive, it indicates that buyers are in control, driving prices higher. 

This trend suggests that buying momentum is building. It reinforces PI’s current uptrend and increases the likelihood of the coin reclaiming its $3 ATH if demand continues to rise.

Furthermore, PI’s Chaikin Money Flow (CMF) confirms the uptick in the coin’s demand. This indicator, which measures money flows into and out of an asset, rests above the zero line at 0.08.

PI CMF
PI CMF. Source: TradingView

A positive CMF reading like this indicates strong buying pressure, showing PI is experiencing sustained capital inflows. This suggests that demand for the altcoin outweighs supply, hinting at more price gains.

Pi Network (PI) Faces Critical Resistance

On the four-hour chart, PI currently holds above support at $1.97. If demand strengthens, the altcoin could break above the resistance at $2.12 and reclaim its ATH of $3. 

PI Price Analysis.
PI Price Analysis. Source: TradingView

However, the decline in PI’s demand to absorb the climbing supply may put downward pressure on its price. So far this month, over 188 million PI have been distributed to over 1 million Pioneers.

If demand drops, PI could lose its recent gains and plummet below $1.62 to trade at $1.34.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Set To Benefit From Whales’ $3.2 Billion Accumulation

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XRP has experienced significant price movements recently, especially with the massive accumulation by whales. Over the past week, large holders have been quietly stacking up XRP, potentially positioning the altcoin for a significant price boost. 

Their actions, combined with a resilient market, present an optimistic outlook for the altcoin’s future.

XRP Investors Are Betting on Recovery

Whale addresses holding between 100 million and 1 billion XRP have added 1.34 billion XRP worth over $3.26 billion in the past week. While some speculated this accumulation was linked to XRP’s inclusion in the US Crypto Reserve, it appears the whales were primarily buying at low prices. 

This indicates that these large holders anticipate further gains. Despite XRP’s 18% crash on Monday, the whales did not sell, suggesting they are confident in the asset’s long-term potential.

XRP Whale Holding.
XRP Whale Holding. Source: Santiment

The price DAA Divergence is currently flashing a buy signal for XRP as investors demonstrate resilience amid challenging market conditions. This divergence indicates that, while the broader market has experienced volatility, XRP is showing strength. With more investors holding onto their positions and fewer opting to sell, the sentiment is clearly turning bullish.

As market conditions improve, investors’ buying pressure could continue to push XRP’s price higher. This would support the possibility of a sustained rally backed by both retail and whale participation.

XRP Price DAA Divergence
XRP Price DAA Divergence. Source: Santiment

XRP Price is Holding Above Support

XRP is trading at $2.45, holding steady above the critical support level of $2.33. After facing considerable volatility over the weekend, the altcoin managed to stabilize, posting a 37% price increase. This move suggests that XRP could have the momentum needed for further gains if the bullish trend continues.

However, despite the positive signals, XRP still failed to secure $2.70 as support on Sunday, which prevented the altcoin from pushing higher. If XRP can manage to flip $2.70 into support, it could break through the $2.95 resistance, bringing it closer to its previous highs.

XRP Price Analysis
XRP Price Analysis. Source: TradingView

If the altcoin fails to breach $2.70, XRP could experience consolidation above $2.33, as seen in previous price action. This could delay the bullish outlook and may prevent any immediate upward movement, resulting in a temporary stagnation until the market provides more clarity.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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