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Cryptocurrency News Articles

SUI and VIRTUAL Lead the Charge as the Crypto Market Heats Up

May 09, 2025 at 12:02 am

The crypto market has hinted at recovery and a possible second leg of the 2025 bull market. In reaction to this, a number of altcoins have broken off and are on the run.

SUI and VIRTUAL Lead the Charge as the Crypto Market Heats Up

The crypto market is heating up, and a handful of altcoins are leading the charge. SUI and VIRTUAL, for example, have quickly turned into surprise breakouts, grabbing investor attention.

The crypto market has hinted at recovery and a possible second leg of the 2025 bull market. In reaction to this, a number of altcoins have broken off and are on the run.

Among the frontrunners are SUI and VIRTUAL. Each is showing great momentum and has attracted a lot of attention from top crypto investors.

But what is driving this surge, what are the technical indicators to mention, and does the current rally have room for further uptrend? We explore the three coins below.

SUI – Medium Cap Altcoin that is Grossly Undervalued

Sui is breaking out and promising to lead the next altcoin season. In the last 7 days, for example, it is up by close to 15% and by as much as 50% in the month. Much of this can be attributed to increased investor interest in the altcoin after its TVL surged past $1.8 Billion.

The transaction volume for DEXs in here is also up to around $600 Million, and stablecoin activity has also surged.

SUI recently broke out of a textbook bull flag pattern, which is a confirmation of a bullish continuation. Among the best technical analysis coins used by traders, a bull flag usually occurs during an uptrend when there is a brief pause in price action.

This pattern is bullish as it shows that the bullish momentum is continuing after a period of consolidation. Moreover, it is usually a continuation pattern that occurs roughly halfway through the main trend.

Looking at its chart, however, the last few candles have shown signs of declining trader volume as it approached the major resistance zone near $3.80 – $4.00. This may stall its recovery.

Most other indicators also show signs of cooling off. However, the fact that most indicators are still bullish says that it may be consolidating in readiness for another breakout attempt. This would only be invalidated if the SUI price drops below $2.90.

FARTCOIN – Best Performing Meme Coin in April 2025

Fartcoin is making headlines and rolling on a renewed wave of meme coin hype. Over the last 7 days, the joke currency is up by 7% and by more than 160% in the last 30 days.

Much of the price surge can be attributed to a sudden spike in social sentiment towards meme coins. This has resulted in a surge of investor interest in the coin, as evidenced by the sharp increase in the number of crypto wallets holding FARTCOIN.

From a technical analysis point of view, Fartcoin recently broke out of a descending wedge, a common reversal pattern. This occurs when the price is moving between two converging lines, with lower lows and lower highs.

This confirms the altcoins’ shift from bearish consolidation to bullish momentum. The coin is now clear of the $0.42 support level and is now testing the crucial resistance level around $1.22. A breakout here could trigger a parabolic uptrend.

On the daily timeframe, the daily trade volumes for FATRCOIN seem to have tapered. However, this is expected after such a bullish rally. The rest of the indicators remain firmly bullish, suggesting that there is still room for further gains.

The MACD lines, for example, are converging with the MACD line crossing the signal line from below while histograms turn greener. The RSI also remains solidly in the bullish zone above 60. Further uptrend would, however, be invalidated if FARTCOIN consolidation takes it below $0.71.

Bottom line

The bullishness for coins is being driven by solid fundamentals that have sparked a major bull run. And even though they are both consolidating, they look ready for another breakout especially if momentum holds.

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