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Sadia Ali

Optimism (OP) Faces Heavy Sell-Off , Will It Recover or Drop Further?

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  • Optimism (OP) has been facing market challenges, experiencing a notable decline in recent weeks.
  • Selling pressure continues to mount, increasing the risk of further downside.
  • A bearish head-and-shoulders pattern suggests potential price levels as low as $0.30.
  • Whale activity adds uncertainty as a major holder moved 7 million OP to Binance after 281 days of dormancy.

Optimism (OP) has been struggling with market turbulence, facing a significant downturn in recent weeks. The token has dropped nearly 18% over the past seven days and is down 13% over the last month. With prevailing bearish conditions and growing selling pressure, OP could be on track for further downside unless it finds strong buyer support.

Technical indicators suggest potential trouble ahead. A well-known crypto analyst Ali has pointed out that Optimism is breaking out of a head-and-shoulders pattern, a bearish formation that could send prices as low as $0.30. This pattern often signals the beginning of a deeper correction, raising concerns about OP’s short-term price action.

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Optimism (OP) Faces Heavy Sell-Off , Will It Recover or Drop Further? 4

Whale activity has also caught the attention of traders. On-chain data reveals that after 281 days of dormancy, a major holder unstaked 8.67 million OP just 12 hours ago, depositing 7 million OP, worth $43.45 million, to Binance. This whale originally withdrew 8.81 million OP from Binance on April 17, 2024, when the price was only $0.682, and staked the funds.

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Optimism (OP) Faces Heavy Sell-Off , Will It Recover or Drop Further? 5

Now, the whale still holds 1.67 million OP valued at $10.2 million, sitting on an estimated $47.64 million in total profits, representing a gain of 793%. The movement of such a large amount of OP raises the possibility of increased selling pressure, which could further impact the token’s price.

Optimism (OP) Eyes Rebound from Key Zone

Despite the bearish outlook, there is still hope for a potential reversal. According to technical analysis from Rose Premium Signal, OP is currently testing a major support zone at the lower trendline of a falling channel. This area has historically acted as a demand zone, meaning buyers could step in to prevent further declines. If OP holds this support, it could see a recovery with potential price targets at $2.099, $2.752, and $3.398.

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Optimism (OP) Faces Heavy Sell-Off , Will It Recover or Drop Further? 6

The coming days will be crucial for OP as it navigates between key support and resistance levels. A breakdown below the current support zone could lead to more downside, while a strong bounce could trigger a recovery. Traders will be closely watching market sentiment, whale activity, and overall crypto market trends to determine whether Optimism can regain momentum or if further losses are on the horizon.

Read More : Bitcoin and Solana Squeeze Ethereum, Challenging Its Market Dominance

XRP Resists Downtrend, Eyes Potential Recovery Despite Bitcoin’s Slide

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  • XRP faces volatility as Bitcoin’s decline below $80,000 leads to a market-wide sell-off.
  • The token holds above key support at $2.12, with potential to rebound toward resistance levels at $2.32, $2.61, and $3.35.
  • Market sentiment remains highly influenced by Bitcoin’s price action, with traders awaiting XRP’s recovery.

Ripple (XRP) has been grappling with significant volatility as it faces a sharp correction in the wake of Bitcoin’s dramatic drop below the $80,000 mark. The decline in Bitcoin triggered a widespread sell-off across the entire cryptocurrency market, instilling fear among investors and pushing altcoins, including XRP, to experience steep losses.

After reaching a recent high of $3, XRP saw a sharp decline, largely influenced by macroeconomic factors and the ongoing pullback in Bitcoin’s price, which has weighed heavily on the broader market sentiment. Over the past week, the token is dwon by almost 20% while in the last 30 days the token is down by 12% mirroring the overall bearish price trajectory in the market.

Despite the turbulence, XRP is currently holding above a crucial support level, preventing further downside for now. At the time of writing, the token is trading at $2.08, reflecting a 1.95% decline in the past 24 hours. The token’s 24-hour trading volume stands at $13.54 billion, with a market capitalization of $120.52 billion.

XRP 1D graph coinmarketcap 1
Source: CoinMarketcap

XRP Forms Descending Channel, Eyes Breakout

From a technical standpoint, XRP has formed a descending channel pattern on the daily timeframe after consolidating between $2.00 and $3.00. This pattern typically signals a period of accumulation before a potential breakout.

If the token holds above the current support at $2.12, a rebound could push prices toward key resistance levels at $2.32, $2.61, $2.90, and ultimately, $3.35. However, a breakdown below this support could open the door for further downside.

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XRP Resists Downtrend, Eyes Potential Recovery Despite Bitcoin’s Slide 9

Market sentiment remains highly dependent on Bitcoin’s price action, as further weakness in BTC could put additional pressure on altcoins. Traders and investors are keeping a close watch, anticipating whether the token can sustain its support and stage a recovery in the coming sessions.

Read More :  BBVA Secures Approval to Launch Bitcoin, Ether Trading in Spain 

USDT Dominance Rejection Signals Bullish Momentum for Bitcoin and Altcoins

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  • USDT dominance faces resistance at the 200-day moving average, possibly paving the way for a Bitcoin and altcoin rally.
  • A falling wedge pattern in USDT.D indicates a potential bullish breakout, boosting market sentiment.
  • Bullish RSI signals in Bitcoin and altcoins, along with a rising M2 money supply, suggest a market reversal despite bearish sentiment.

USDT Dominance (USDT.D) has encountered a critical resistance level, potentially setting the stage for a shift in the crypto landscape. Crypto Patel, a prominent market analyst, highlighted the rejection of USDT.D at the 200-day moving average for the second time, predicting that this could mark the beginning of a downtrend.

With USDT losing dominance, Patel suggests that this decline could provide the necessary fuel for a potential bullish rally in Bitcoin (BTC) and altcoins. Patel’s observations are reinforced by the formation of a falling wedge pattern in the USDT.D chart, a structure typically associated with bullish breakouts.

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USDT Dominance Rejection Signals Bullish Momentum for Bitcoin and Altcoins 11

He noted that this pattern is likely to result in a downward movement toward the wedge support, which could have a positive effect on the broader crypto market. The weakening of USDT dominance opens up the opportunity for Bitcoin and other altcoins to gain significant upward momentum, as more liquidity flows into these assets.

Key Signals for Market Reversal

Market commentator Sykodilec also provided a detailed analysis, stressing that the current technical indicators align with the potential for a major market turnaround. His key observations include:

  • BTC Weekly RSI showing bullish momentum
  • TOTAL market cap RSI indicating upward movement
  • USDT.D RSI turning negative
  • Bearish divergence in BTC.D (Bitcoin Dominance)
  • Positive RSI signals in altcoin markets (OTHERS.D)

These technical setups, combined with rising M2 money supply, suggest that the conditions are ripe for a market reversal. However, Sykodilec points out that the prevailing market sentiment is highly bearish, with many investors skeptical about any potential price increases.

The Market’s Psychological Cycle: Disbelief Before Euphoria

The current market sentiment reflects a classic case of disbelief, which often marks the bottom of bear markets. According to Sykodilec, this is a key indicator of an upcoming bullish breakout. As he put it, “Bull markets do not end with despair, they end with euphoria.” The pervasive sense of negativity among investors could signal the calm before the storm, with a potential rally on the horizon that will catch many off guard.

Sykodilec added that at this point in the market cycle, many investors have become conditioned to expect further declines, leading to a sense of hopelessness. This mindset, however, could set the stage for an explosive move to the upside, as it mirrors the classic disbelief phase before a market surge.

Why Bitcoin and Altcoins Are Set to Benefit

With USDT dominance on the decline and positive technical signals across the crypto market, Bitcoin and altcoins could be poised for a significant rally. BTC’s Weekly RSI, falling wedge pattern in USDT.D, and the rising M2 money supply all suggest that the market could soon see a shift in momentum. The overall market structure indicates that the end of the bear market may be near, and a new bullish phase could be beginning.

As USDT.D faces rejection and Bitcoin’s technical indicators improve, the crypto market is on the verge of a potential breakout. The combination of USDT’s weakening dominance, bullish RSI patterns, and a rising money supply presents a promising outlook for both Bitcoin and altcoins. While the market sentiment remains bearish for now, the signs point to a possible bull market rally in the coming months.

Read More : Ethena (ENA) Drops 63% to $0.44: Bullish Patterns Signal a Reversal Towards $1.2

Ethena (ENA) Drops 63% to $0.44: Bullish Patterns Signal a Reversal Towards $1.2

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  • ENA has dropped 63.3% from its recent high, now trading at $0.44 amid market volatility.
  • The Adam and Eve pattern suggests a possible reversal with a target of $1.2.
  • A Falling Wedge breakout could trigger an 80-100% price surge.
  • Key support levels at $0.40 and $0.33 may attract buyers.

Ethena (ENA) has been hit hard by recent market volatility, experiencing a significant decline in value. The broader crypto market downturn has weighed on Ethena, but despite the turbulence, the token has managed to hold key support levels, fueling speculation of an impending recovery.

Currently, Ethena is trading at $0.44, marking a steep 63.3% drop from its recent high of $1.2. However, technical indicators suggest that a bullish reversal could be in play.

Bullish Patterns Signal Potential Recovery For Ethena

Crypto analyst AMCrypto highlighted that ENA is showing strength, forming an Adam and Eve pattern, a well-known bullish reversal structure. This pattern suggests a possible price target of $1.2, indicating that a recovery may be underway.

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Ethena (ENA) Drops 63% to $0.44: Bullish Patterns Signal a Reversal Towards $1.2 14

“I think ENA reversal has started ,” noted AMCrypto, pointing to improving market conditions.

Meanwhile, ZAYK Charts identified a Falling Wedge Formation on the daily timeframe, another bullish pattern that historically leads to strong upward movements. According to the analysis, a confirmed breakout could trigger an 80-100% price surge.

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Ethena (ENA) Drops 63% to $0.44: Bullish Patterns Signal a Reversal Towards $1.2 15

Key Levels to Watch for ENA

For ENA to confirm a bullish breakout, it must break above the trendline resistance. A successful breakout could open the door for a strong rally, while rejection may push the price lower. Traders are closely monitoring key support zones at $0.40 and $0.33 for potential buying opportunities.

With technical indicators flashing bullish signals and strong support holding, all eyes are now on ENA’s next move. Will it reclaim lost ground and surge toward $1.2, or will further market uncertainty delay its recovery?

Read More : Bitcoin’s Elliott Wave Pattern Hints at $140K Surge

SUI Sees Market Struggles, But Rising Adoption & DEX Volume Point to Strong Potential

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  • SUI has dropped nearly 10% in a week, with a sharper 9% decline in the past 24 hours.
  • Despite volatility, Sui’s daily active addresses surpass Base and BNB Chain, highlighting strong adoption.
  • Sui’s DEX volume hit an all-time high in 2025, exceeding multiple major networks.
  • A Falling Wedge pattern on the chart suggests a potential bullish reversal if key support holds.

SUI has been caught in a whirlwind of market turbulence, largely influenced by Bitcoin’s recent downturn and broader market uncertainty. Over the past week, the token has dropped nearly 10%, with an even sharper 9% decline in the last 24 hours as extreme volatility sweeps through the crypto market.

Despite the short-term pullback, Sui’s ecosystem continues to show resilience. The network boasts more daily active addresses than Base and BNB Chain, highlighting its growing adoption and strong user engagement. This signals that while price action remains unstable, the fundamental usage of Sui’s blockchain is thriving.

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SUI Sees Market Struggles, But Rising Adoption & DEX Volume Point to Strong Potential 19

Sui DEX Volume Hits Record High, Surpassing Major Networks

In a remarkable achievement, Sui’s decentralized exchange (DEX) volume has reached an all-time high in 2025, surpassing the combined trading volumes of Polygon, Tron, Aptos, NEAR Protocol, and Cardano. This surge in trading activity suggests increasing liquidity and confidence in the Sui ecosystem, positioning it as a strong competitor in the decentralized finance (DeFi) space.

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SUI Sees Market Struggles, But Rising Adoption & DEX Volume Point to Strong Potential 20

The increasing transaction volume and on-chain activity indicate that users are not only holding SUI but actively participating in DeFi applications built on the network. This fundamental strength could play a crucial role in shaping its price trajectory in the coming months.

Technical Analysis: Is a Bullish Reversal on the Horizon?

From a technical perspective, the token is currently forming a Falling Wedge pattern on the daily chart, a historically bullish setup that often signals an upcoming breakout. The price has also tested a critical support level at the yearly EMA and the 0.618 Fibonacci retracement, which could act as a springboard for a potential reversal.

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SUI Sees Market Struggles, But Rising Adoption & DEX Volume Point to Strong Potential 21

If the token manages to break out from this pattern, it could trigger a significant rally, potentially reversing its recent losses. With strong on-chain metrics, increasing adoption, and a promising chart pattern, many traders are closely watching for confirmation of a bullish breakout.

While the token is currently facing strong headwinds due to overall market instability, its underlying fundamentals tell a different story. High daily active users, record-breaking DEX volume, and a bullish technical setup suggest that the token could be gearing up for a strong recovery.

Read More : XRP Ledger (XRPL) Update 2.4.0 Unveiled: New Features & Security Fixes

Ethereum’s Struggle: Price Hurdles, Declining Revenue, and Rising Competition

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Key Takeaways:

  • Ethereum faces resistance at $2,460, with a breakthrough potentially driving a rally toward $3,260.
  • Declining usage and revenue threaten Ethereum’s position, with competition from Layer 2 solutions and rival blockchains.
  • Strategic shifts, including gas limit changes, highlight Ethereum’s struggle to balance decentralization with efficiency.

Ethereum has been facing many difficulties, both in terms of price resistance and declining network supremacy. The second-largest cryptocurrency has not been able to regain upward momentum, with key resistance levels holding it back from further advances.

At present, $2,460 serves as a major roadblock, with over 10.95 million investors purchasing approximately 64.52 million ETH at that level.

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Breaking through such resistance would rekindle ETH’s uptrend and could push it to the $3,260 target. However, insufficient ongoing demand and shifting network activity contribute to ETH’s difficulties.

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Ethereum’s current position in markets is impacted by its diminishing presence in the broader crypto ecosystem. The network, which was once the leader in decentralized applications and on-chain financing, is losing ground as developers and consumers move to cheaper alternatives.

Gas prices have plummeted by a staggering 88% in a single year, causing a precipitous decline in revenue. This has resulted in a decrease in Ether’s share of total blockchain revenue from 55% in early 2024 to just 24% in early 2025. The competitive blockchains’ lower fees and increased efficiency have made Ether’s previously high fees unsustainable.

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Layer 2 Growth and Ethereum’s Revenue Decline

One major reason for Ether’s problems is its own strategic push towards Layer 2 blockchains. While Layer 2 options reduce network clogging and offer lower transactional fees, they have also helped to contribute to waning revenue for Ether.

As Ethereum burns ETH in fees, a reduction in activity in the mainnet means fewer tokens get burned, slowing down its deflationary model. This has led to a weakening economic outlook for Ethereum, with long-term value implications.

The activity shift has also led to huge project departures. Uniswap, which was earlier generating 11% of Ethereum’s revenue, has begun to develop a blockchain of its own.

Correspondingly, Ondo, a real-world assets platform with nearly $1 billion in assets under management, has announced that it will be exiting its network. This follows a trend towards blockchain platforms with more transactional capacity and fewer fees.

Related Reading : Sui (SUI) Positioned for Strong Price Surge as Institutional Interest Builds

AVAX at a Crossroad: Key Support Levels and Macro Factors Could Define Its Path

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  • AVAX has dropped 4% in the last 24 hours, currently priced at $20.67, amid broader market volatility.
  • Analysts are watching key support levels, which may signal a potential recovery if they hold.
  • AVAX is testing Fibonacci retracement levels, with a possible bullish reversal if the support zone holds.
  • Macro factors like upcoming jobs data and the Fed’s speech could further impact AVAX’s price movement.

Avalanche (AVAX) is currently experiencing heightened volatility, triggered by a significant sell-off in the cryptocurrency market. In the last 24 hours, the price of AVAX has dropped by 4%, with its current price standing at $20.67. Despite the short-term decline, experts are eyeing key support levels that could signal a potential recovery in the coming weeks.

AVAX 1D graph coinmarketcap
AVAX at a Crossroad: Key Support Levels and Macro Factors Could Define Its Path 27

Market Conditions and Bitcoin’s Impact on Avalanche

The recent market downturn in AVAX comes on the heels of a brief sell-off in Bitcoin (BTC), which occurred after traders digested the U.S. government’s Bitcoin Reserve plan. While Bitcoin initially saw a decline, the cryptocurrency quickly rebounded by 4% within a matter of hours. This market behavior underscores the current volatility, where sudden news events trigger panic selling, but the underlying market strength often leads to price recoveries.

As a result of the panic selling, Avalanche has experienced a drop in value, but the price action remains resilient. Analysts note that with excessive short positions at sub-$85K, a bounce-back in prices was likely, given the overall market strength.

Key Support Zone for AVAX: A Potential Bullish Reversal

Looking at the technical analysis of Avalanche, the cryptocurrency is currently testing a crucial support zone, aligning with Fibonacci retracement levels. This is an important signal for traders, suggesting that a bullish reversal could be on the horizon if the support level holds.

According to Rose Premium Signal analysis, AVAX is poised for a strong recovery if the current support zone holds. With potential price targets in the medium term ranging from $43.84 to $80.03, the outlook for AVAX remains optimistic. A weekly close above $30 could further accelerate this bullish momentum.

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AVAX at a Crossroad: Key Support Levels and Macro Factors Could Define Its Path 28

Macro Factors to Watch: Jobs Data and Fed’s Speech

While AVAX’s price movements are largely driven by technical indicators, broader macroeconomic factors will play a significant role in shaping the market’s direction. The upcoming jobs data release and Federal Reserve Chairman Jerome Powell’s speech are expected to bring more volatility to the market. These factors could affect investor sentiment and, in turn, influence cryptocurrency prices, including AVAX.

While Avalanche (AVAX) is facing short-term volatility due to the broader market sell-off, the technical outlook remains positive. Key support zones are in play, and if these levels hold, a bullish reversal could be in store for the cryptocurrency. Traders will need to monitor the $30 level closely, as a weekly close above this price could signal the start of a more sustained rally.

With the broader market influenced by macroeconomic factors like jobs data and the Federal Reserve’s upcoming speech, AVAX’s future price movement will depend not only on technical levels but also on how the overall market reacts to these events.

Read More : Dogecoin’s (DOGE) 71% Crash from ATH: Can a 118% Rally Save It?

Ethena’s Technical Signals and Market Activity Suggest Rebound on the Horizon

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  • Ethena’s 4.96% price increase in 24 hours signals potential upward momentum.
  • A buy signal from the TD Sequential indicator points to a possible bullish trend.
  • Large ENA token transfers and an unlock event suggest growing institutional interest.
  • Despite volatility, Ethena’s market activity and technical signals hint at a rebound.

Ethena (ENA), a promising cryptocurrency, is showing early signs of a rebound after a period of market turbulence that saw its price drop to a recent low of $0.33. Over the past week, the price of ENA has dipped by nearly 10%, closely mirroring the broader market’s volatility. However, recent developments suggest that ENA may be gearing up for a recovery as key technical indicators and market data indicate potential upward momentum.

Ethena (ENA) Shows Signs of Rebound

Currently, the price of Ethena stands at $0.371524, with a 24-hour trading volume of $1.61 billion and a market capitalization of $1.13 billion. The cryptocurrency has seen a 4.96% increase in value over the past 24 hours, signaling a potential shift in market sentiment as ENA moves toward recovery.

ENA 7D graph coinmarketcap 1
Ethena’s Technical Signals and Market Activity Suggest Rebound on the Horizon 32

This price increase could indicate that the recent downturn may be short-lived, and investors may be eyeing Ethena as a strong buy opportunity in the near future. Crypto expert Ali Martinez has highlighted a promising technical signal for Ethena. According to Martinez, the TD Sequential indicator on the weekly chart is flashing a buy signal, suggesting that ENA could be primed for a rebound.

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Ethena’s Technical Signals and Market Activity Suggest Rebound on the Horizon 33

This indicator, widely used to predict potential price shifts, is often considered a reliable tool for identifying bullish trends in the market. The appearance of this buy signal has generated interest among traders and analysts alike, with many speculating that the recovery phase could be underway for Ethena.

Ethena Unlock Event and Large Transactions Impacting ENA Price

In addition to technical analysis, recent data from Lookonchain has revealed significant market activity surrounding ENA. Over the past 18 hours, Ethena Labs’ multi-signature wallet transferred a substantial 94.16 million ENA, valued at approximately $33.7 million, to 33 different addresses. This transfer is likely part of a larger token unlock event that saw 2.07 billion ENA ($741 million), representing 39.17% of the circulating supply, released this week.

This massive unlock event could have an impact on the price of ENA, as large transactions can create short-term price fluctuations. Of the transferred tokens, 59.3 million ENA, worth $21.08 million, has been sold on decentralized exchanges (DEXs) or sent to Binance at an average price of $0.355. Some notable recipients of these ENA tokens include OKX Ventures, which received 17.87 million ENA, and Curve’s founder, Michael Egorov, who was allocated 2.8 million ENA.

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Ethena’s Technical Signals and Market Activity Suggest Rebound on the Horizon 34

Both OKX Ventures and Michael Egorov have deposited their ENA holdings to Binance, further highlighting the growing institutional interest in Ethena. Despite these large transactions, Ethena’s multi-signature wallet still holds a staggering 1.22 billion ENA, worth approximately $433 million, suggesting that further distribution of tokens may occur in the coming days.

As Ethena (ENA) continues to navigate through market volatility, it is clear that the project is generating significant interest from both institutional and retail investors. The combination of bullish technical indicators, large-scale token transfers, and increased market activity points to a potential recovery for ENA in the near future.

Read More : Sui (SUI) Eyes Massive Breakout After Key Partnership with WLFI

Sui (SUI) Eyes Massive Breakout After Key Partnership with WLFI

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  • SUI surges 12%, showing strong bullish momentum.
  • Partnership with WLFI aims to boost Web3 adoption.
  • Key support levels hold, signaling potential breakout.
  • Market experts anticipate a sharp rebound and new highs.

Sui (SUI) is gaining momentum, showing strong bullish signals as it approaches a potential breakout. Over the past 24 hours, the token has surged by nearly 12%, capturing the attention of traders and investors. With a key support level holding and a major partnership announcement fueling excitement, the token could be on the verge of a significant price rally.

Sui Partners with WLFI to Strengthen Web3 Adoption

The latest surge in the token’s value comes amid a strategic partnership with World Liberty Finance (WLFI), a Donald J. Trump-inspired DeFi protocol committed to fostering financial transparency.

WLFI has added SUI to its strategic token reserve as part of its commitment to supporting leading Web3 projects. Additionally, Sui and WLFI are collaborating on potential product development opportunities to strengthen their presence in the DeFi sector.

This collaboration strengthens the network’s ecosystem, increasing its adoption and solidifying its role in decentralized finance.

SUI Gearing Up for a Breakout

Market experts are closely analyzing the token’s price action, and many believe a major breakout is imminent. Crypto expert Mags highlighted that the token is heading for double-digit prices, noting that despite dipping below its trendline on intraday charts, it has not closed a full candle below support. This suggests a fakeout before a sharp rebound, potentially leading to a V-shaped recovery and a push toward a new all-time high (ATH).

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Sui (SUI) Eyes Massive Breakout After Key Partnership with WLFI 37

Captain Faibik reinforced the bullish outlook, stating that the token is preparing for a massive rally. If the breakout confirms, the token could reach a new ATH in the coming weeks.

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Sui (SUI) Eyes Massive Breakout After Key Partnership with WLFI 38

With strong technical support, growing market confidence, and a strategic partnership boosting its fundamentals, the token appears poised for a major rally. If bullish momentum continues, the token could soon break resistance and reach new heights. Investors and traders are now watching closely for a decisive move.

Read More: Hedera’s 28% Surge: SWIFT Partnership Boosts HBAR Price

Cardano (ADA) Prepares for Major Breakout With 8X Rally Potential

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  • Cardano is consolidating near key resistance, signaling a potential breakout.
  • Short-term targets include $1.30 and $1.50 if buying volume increases.
  • Long-term projections suggest ADA could rally up to 8X, reaching $7.82.
  • Market recovery and historical trends support a strong bullish phase for ADA.

Cardano (ADA) is showing strong signs of an upcoming breakout as market conditions improve. After recently reaching a high of $1.12, ADA faced a sharp sell-off triggered by Trump’s tariff announcement, which caused a widespread downturn in the crypto market. However, with the market transitioning back into a bullish phase, Cardano is once again in a position to regain momentum and push toward new highs.

Cardano Targets $1.30 and $1.50 on Potential Breakout

From a technical standpoint, Cardano is currently consolidating within a descending channel pattern on the daily chart. The price is hovering near the descending resistance, and a breakout could set the stage for a strong upward rally.

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Cardano (ADA) Prepares for Major Breakout With 8X Rally Potential 41

Short-term targets for ADA are set at $1.30 and $1.50, levels that could be reached if the breakout occurs with strong buying volume. The market’s overall recovery is fueling optimism, increasing the chances of ADA breaking out from its current pattern.

Cardano’s Long-Term Potential: ADA Eyes 8X Rally

Crypto market watcher Javon Marks remains highly optimistic about ADA’s long-term growth. He pointed out that ADA has already gained nearly 300% since its last breakout and believes history could repeat itself with an even stronger rally.

According to Marks, ADA’s past rally occurred in a weaker altcoin market, yet it still managed to hit three major price targets. With signs of an even more powerful alt-season approaching, ADA could mirror or even surpass its previous price action. His projections highlight the following potential milestones.

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Cardano (ADA) Prepares for Major Breakout With 8X Rally Potential 42

The next key resistance level is at $2.77, followed by a critical breakout target at $5.29. A further rally could push the price to $7.82, marking a 701% increase from current levels.

Cardano’s Market Outlook Remains Strong

Cardano’s price action is being closely monitored by investors and traders, with key technical levels acting as potential catalysts for the next leg up. If ADA successfully breaks past its current resistance, it could enter an explosive bullish phase, aligning with historical trends and broader market dynamics.

As the crypto market gains momentum, Cardano’s positioning suggests that its next breakout could be one of its most significant yet. With a possible 8X rally on the horizon, all eyes are now on ADA’s next move.

Read More : Cardano Mystery: Why Trump Selected ADA Without Consulting Hoskinson