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加密貨幣新聞文章
Sui (SUI) price prediction: Golden cross pattern sets the stage for a 165% price surge
2025/05/05 18:07
The crypto market remained in a state of unease on Monday as investors awaited the upcoming Federal Reserve interest rate decision. Bitcoin price pulled back slightly below the $95,000 mark, while the total market cap of all cryptocurrencies fell by 3% to $3.05 trillion.
After Trump announced that foreign-made films will be charged with a 100% tariff, prices also retreated. He hopes to incentivize more companies to shoot movies in the US.
This article covers some of the top players in the crypto market today, including Sui (SUI), Pepe Coin (PEPE), and Monero (XMR).
Sui (SUI) token rose to $3.45 on Monday, becoming one of the top players in the crypto market. It rose to a high of $3.45, up by 100% from its lowest level this year.
Most importantly, Sui seems to be about to form a golden cross pattern as the 50-day and 200-day moving averages cross each other. It has also formed a bullish flag pattern, a popular bullish continuation sign in the market.
Therefore, the token will likely continue rising as bulls target the next key resistance point at $5, which is about 45% above the current level. A drop below the support at $3.15 will invalidate the bullish outlook.
Pepe, a popular meme coin on Ethereum, drifted upwards on Monday as other cryptocurrencies dropped. It is oscillating at the 50-day and 25-day Exponential Moving Average, a sign of indecision.
The coin remains slightly lower than the key resistance point at $0.000009147, the upper side of the ascending triangle pattern. Also, volume continues to retreat, a sign that demand is waning.
Therefore, Pepe Coin price will likely remain in this range for a while. The key level to watch will be the resistance point at $0.000009147. A move above that level will signal more gains ahead, with the key target to watch being at $0.00001671, up by 102% above the current level.
A drop below the ascending trendline will point to more downside, potentially to the year-to-date low of $0.000005080.
The daily chart reveals that the XMR price bottoms at $134 in July last year. It has moved above the key resistance point at $242, the highest swing in February last year.
Monero has done well after a heist that moved Bitcoin tokens worth millions of dollars through the network. The token has jumped above all moving averages.
It has moved above the bullish pennant chart pattern, a popular bullish continuation sign. Therefore, the token will likely continue rising as bulls target the next key resistance level to watch being at $328, the highest swing last week. A move below the support at $250 will invalidate the bullish outlook.
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