- SUI’s all-time high suggests strong momentum, with growth potential of 3000-5000%.
- BNB shows resilience, with key resistance levels at $720, $730, and $750.
- Bitcoin’s bullish trend may lead to $100,000, but support at $98,000 is critical.
The cryptocurrency market continues to evolve, with some tokens making notable strides. Recently, Sui (SUI) reached a new all-time high, signaling strong market momentum. Despite minor losses seen in tokens like $SUI and $BNB, Bitcoin (BTC) and Injective (INJ) are maintaining their dominant positions. As the market navigates to a new phase, the performance of these major assets could shape the future of altcoins, including SUI.
SUI’s Impressive Growth and Future Prospects
SUI, the native token of the Sui Network, recently achieved a significant milestone, hitting an all-time high according to crypto4light, an analyst. The IAP model suggests this upward trend could continue, with growth projections indicating a potential 3000-5000% increase in the coming cycles. The price target for SUI could reach $11 or even $20 if the market continues to show strength.
However, caution is warranted. The Money Power Indicator reveals capital outflows on the monthly chart, signaling that the current accumulation phase could face some challenges. While not an immediate red flag, this should be closely monitored.
Spring 2025 is expected to be a key season for altcoins, with predictions of a significant altcoin rally. If institutional capital continues to flow into assets like SUI, its growth could accelerate. To take advantage of this potential, investors should consider positioning themselves around Fibonacci retracement support levels. Watching for signs of institutional buying and keeping an eye on broader macro conditions will be crucial in timing the next moves.
BNB’s Strong Performance Despite Minor Setbacks
BNB has shown impressive resilience, with its price rising by 1.71%. Trading at $718.32, the token is demonstrating bullish momentum, aided by a surge in trading volume. As the price tests higher resistance levels, key price points to watch are $720, $730, and $750.
If BNB manages to break through these levels, further price appreciation could follow. However, if the token fails to hold above $710, a retracement toward $706 or even $700 could occur. This will depend on whether the volume continues to support the uptrend.
Bitcoin’s Momentum and Market Outlook
At press time, Bitcoin (BTC) is also in a strong position, trading at $98,841. The cryptocurrency has shown a steady upward trend, with increasing trading volume suggesting continued bullish momentum.
Key resistance levels to monitor are $99,000, $99,500, and the psychological barrier at $100,000. A breakout above $100,000 could trigger significant buying interest, propelling Bitcoin toward $105,000. However, any failure to maintain support at $98,000 could lead to a pullback, potentially testing lower levels below $97K.
INJ’s Uptrend and Market Sentiment
Injective (INJ) is another altcoin showing notable strength, with a 12.04% daily gain. With a market cap of $2.54B, INJ is climbing steadily, driven by strong bullish momentum and increasing trading volume.
As the price rises toward key resistance levels of $26.00 and $28.50, the token could see further growth. A breakout could send INJ toward $30.00. However, if the price fails to hold above $25.00, a retracement could bring INJ back to the $24.00 or $22.95 support levels.
