The surge in the altcoins comes amid a broader rally triggered by Bitcoin\u2019s new milestone.
\nThe daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.
\nAfter dipping below $0.14 earlier this year, the token has reversed its downtrend.<\/p>\n
As Bitcoin pushed past $96,000 this week, it reignited interest across the altcoin market.<\/p>\n
Among the tokens gaining significant traction are SUI and SEI, both of which are showing breakout signals following months of gradual upward movement.<\/p>\n
With bulls regaining control and wider market sentiment turning optimistic, analysts are now closely watching these two tokens to see if they can test their respective highs in 2025.<\/p>\n
Solana, another top-10 cryptocurrency by market cap, has also reclaimed levels above $150, contributing to renewed enthusiasm for smaller tokens like SUI and SEI.<\/p>\n
The current price action suggests growing accumulation among traders as technical patterns hint at continued bullish momentum.<\/p>\n
SUI, the native token of the Layer 1 blockchain developed by Mysten Labs, is showing signs of a breakout from its recent consolidation phase.<\/p>\n
After rising 60% in a short span, the token managed to avoid a correction, instead consolidating within a narrow range for more than a week.<\/p>\n
This range-bound behaviour has now culminated in a bullish breakout, supported by technical indicators.<\/p>\n
The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.<\/p>\n
The price is now approaching resistance near the $4 level, which will be the next major test.<\/p>\n\n
Source: CoinMarketCap<\/a><\/p>\n Meanwhile, the 50-day moving average has flipped positive, confirming a potential bullish reversal.<\/p>\n The MACD, though showing some decline in buying volume, remains above the zero line.<\/p>\n A golden cross\u2014where the 50-day moving average crosses above the 200-day\u2014could also occur in the near term, bolstering the bullish case.<\/p>\n Despite occasional dips in volume, SUI\u2019s price action suggests investor confidence is still intact.<\/p>\n If this trend continues, the token could aim for a new all-time high closer to $7 in 2025, especially if Bitcoin remains above its current support levels.<\/p>\n SEI has also emerged as a strong gainer in the current cycle.<\/p>\n After dipping below $0.14 earlier this year, the token has reversed its downtrend and is forming a pattern of higher highs and higher lows.<\/p>\n More notably, it has broken through the bearish Gaussian Channel on the chart\u2014a move typically interpreted as the beginning of a longer-term uptrend.<\/p>\n Volume indicators, particularly the Chaikin Money Flow (CMF), show a clear uptick in capital inflows into SEI.<\/p>\n The CMF has moved above zero for the first time in weeks, signalling increased investor interest.<\/p>\n With resistance levels at $0.32, $0.40, and $0.44 coming into view, SEI appears poised for further gains.<\/p>\n\n Source: CoinMarketCap<\/a><\/p>\n A move past the $0.48\u2013$0.50 zone, which marks a significant resistance area, could trigger a fresh leg up.<\/p>\n If momentum sustains and market conditions remain favourable, SEI may well be on track to approach the $1 mark by mid-2025.<\/p>\n This would represent a more than 7x gain from its previous lows, making it one of the standout performers of the cycle.<\/p>\n Both tokens are showing confluence across several key indicators. SUI\u2019s RSI remains in neutral territory, leaving room for more upside.<\/p>\n SEI, on the other hand, has just crossed into bullish territory, suggesting its rally may still be in its early phase.<\/p>\n Market watchers are now focusing on the next few days for confirmation of trend continuation.<\/p>\n While external factors such as macroeconomic sentiment, US regulatory decisions, and Bitcoin volatility will continue to influence prices, the charts for SUI and SEI provide a positive technical outlook in the short-to-medium term.<\/p>\n The post SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The surge in the altcoins comes amid a broader rally triggered by Bitcoin\u2019s new milestone. The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends. After dipping below $0.14 earlier this year, the token has reversed its downtrend. As Bitcoin pushed past $96,000 this week, it reignited interest […]<\/p>\n","protected":false},"author":0,"featured_media":3166,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3165","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3165"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3166"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}SEI bulls eye $0.5 breakout<\/h2>\n
Technical indicators support further gains<\/h2>\n