The saying “A rising tide lifts all boats” perfectly captures the current state of the crypto market

The saying “A rising tide lifts all boats” perfectly captures the current state of the crypto market, as Bitcoin's rise has propelled altcoins higher.

The saying “a rising tide lifts all boats” perfectly captures the current state of the crypto market, as Bitcoin’s rise has propelled altcoins higher. Among the beneficiaries are the crypto tokens within the SUI network.

Three SUI Ecosystem Tokens to Watch This Week

BeInCrypto has analyzed three such SUI ecosystem tokens to watch this week and their potential for further gains.

Walrus (WAL)

WAL saw a 22% increase over the last 24 hours, now trading at $0.504.

Image: TradingView

This surge comes after a month of market volatility.

WAL is attempting to break through the $0.505 barrier for the second time this month. If successful, it could continue its bullish momentum.

If WAL manages to break and sustain above $0.505, it could push toward the $0.547 resistance level. However, for a continued rise, investor confidence and stable market conditions will be crucial. A sustained rise beyond $0.547 could propel the SUI ecosystem token toward $0.600, further supporting bullish sentiment for the token.

However, if WAL fails to breach $0.505, it may fall back to $0.447. This would challenge the altcoin’s recent momentum and could potentially invalidate the bullish outlook. If the decline continues and the price slips below $0.447, WAL could drop further to $0.389, marking a significant setback.

DeepBook (DEEP)

DEEP saw impressive growth, surging by 116% over the last 24 hours, now trading at $0.194.

This surge makes DEEP the best-performing token in the SUI ecosystem. The altcoin is showing strong potential, targeting a break above $0.230 in the near future, suggesting a bullish outlook.

If DEEP successfully breaches $0.230, it would mark a two-and-a-half-month high, further solidifying its upward momentum. The altcoin could test $0.170 as support before pushing toward $0.304. This would indicate a sustained rally, with continued bullish sentiment and the potential to unlock further growth within the SUI ecosystem.

However, if market sentiment shifts and investors decide to take profits, DEEP could lose its support at $0.170. A drop below this level would open the door for a decline to $0.128. This would invalidate the current bullish thesis, potentially signaling the end of the rally and a substantial setback for the token.

Cetus Protocol (CETUS)

CETUS price surged by 38% over the past 24 hours, reaching a two-and-a-half-month high of $0.142.

This substantial rise indicates strong momentum for the altcoin. At this point, CETUS aims to hold above $0.142, establishing it as a reliable support level for potential further gains.

The next major resistance level for CETUS is $0.150, a crucial barrier for the altcoin’s continued upward trajectory. Successfully breaking this resistance will solidify the SUI ecosystem token’s bullish outlook and help the token secure its recent gains. Positive market sentiment and sustained demand will play key roles in this potential breakout.

However, if CETUS fails to maintain the $0.142 support level, the altcoin could face a decline toward $0.131. Further losses may push the price down to $0.120, invalidating the current bullish scenario.