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SUI Surges on Strong Volume, Positive Indications Develop

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  • SUI has surged over 11% in the previous day. It’s also finding favor with traders as volumes rise and momentum becomes positive.
  • Technical indicator MACD reflects the technical strength of a strong uptrend, with RSI being above overbought and MACD acting to confirm this trend change.
  • A crucial support zone has been formed at the $3 level, which used to be a resistance level; thus promoting future price growth toward the $3.50 level.

The SUI token has gained significant interest from traders and crypto community members as its market now indicates a continued bullish move. During recent trading days, SUI broke past periods of continuous decline to achieve robust indications of market uptrend. 

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Source: TradingView

At the time of this analysis, the price of SUI hovered at $3.29 with a remarkable daily increase surpassing 11%. The trading volume increased during this rally phase, and that indicates that more investors flooded the market with their confidence in the token increased.

The candlestick daily charts indicate that SUI survived weeks of extended market declines until it dropped to around $1.50. Nevertheless, the market price today has undergone a powerful recovery, effortlessly breaking various resistance areas in the chart.

The present candlestick, which is in a massive green shape shows both exceptional buying interest and large trading volume of almost 73 million tokens. The coin’s Relative Strength Index (RSI) of 74.35 exceeds the 70 mark. This suggests that the coin may be due for a correction once the buying momentum is exhausted.

However, in strong uptrends, overbought conditions still persist as price continues to climb. The RSI’s recent trajectory also shows a sharp incline from levels below 40. This shows how market sentiment concerning SUI has changed rapidly.

Can SUI’s Price Remain Above $3.50?

The MACD indicator also provides a bullish confirmation of SUI’s current market trends. The bullish signal emerged because the MACD line has crossed the signal line, and both are located in the positive territory. It also looks like the upward momentum in SUI’s price is gaining more strength because the green histogram bars in the chart keeps expanding 

Its price movement over $3 is to establish this level as potential support against short-term market fluctuations. For this reason, this token has potential for testing $3.50 resistance or greater prices during future sessions. Yet, traders should verify for any possible change in its trend especially as the RSI indicator stands above 70 at the time of writing.

Locked crypto token holders face losses with average drawdowns near 50 %

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  • Locked token holders saw average drawdowns near 50%, underperforming the broader crypto market’s 40.7% decline.
  • Early-stage investors in tokens like SCR, BLAST, and EIGEN faced catastrophic losses, with drawdowns as high as -88%.
  • Lock-up periods have become volatility traps, exposing investors to sharp repricing risks amid shifting market sentiment.

Locked token holders have faced an average drawdown of nearly 50% when comparing their current holdings to over-the-counter (OTC) valuations from May 2024. The findings, published by STIX founder Taran Sabharwal on April 22, shed light on the brutal market correction that has disproportionately impacted early-stage investors with illiquid positions.

Sabharwal’s data, which tracks the fully diluted valuations (FDV) of key tokens over the past 12 months, illustrates the steep gap between expectations and reality for crypto holders who participated in early fundraising rounds. The report analyzes notable projects such as JITO, BERA, ZRO, WLD, TIA, IO, W, ZK, EIGEN, SCR, and BLAST, many of which saw their valuations crater compared to their OTC benchmarks.

The worst-hit tokens include SCR and BLAST, which posted catastrophic year-over-year drawdowns of -85% and -88%, respectively. EIGEN wasn’t far behind, with a -75% drop, while ZK, W, IO, and TIA also suffered double-digit percentage losses ranging from -44% to -64%.

Out of the entire list, only JITO defied the trend, registering an impressive +75% gain relative to its OTC valuation from the previous year. It stands as a rare outlier in a landscape marred by bearish momentum and shattered investor confidence.

The Hidden Cost of Early-Stage Crypto Investing

The disparity between OTC valuations and current market prices underscores the inherent risk in early-stage crypto investing, especially when tokens are subject to lock-up periods and vesting schedules. These restrictions, while designed to incentivize long-term alignment, can become a double-edged sword in volatile markets.

“Investors often buy into locked tokens at steep valuations during bullish cycles, but by the time tokens hit the market, the landscape may have changed entirely,” Sabharwal noted in the report. “Many could have exited at double the current price if liquidity had been available a year ago.”

The data suggests that holders of locked tokens may have missed optimal exit points throughout 2024, especially as broader crypto markets also saw a correction. According to Artemis data, the 22 tracked crypto sectors, including bellwethers Bitcoin (BTC) and Ethereum (ETH), experienced an average drawdown of 40.7% during the same timeframe. Though significant, this was nearly 20% better than the average performance of locked token positions.

Hype to Hurt in Early-Stage Crypto Deals

This analysis is a sobering reminder for venture capitalists, angel investors, and retail participants in early-stage token rounds: lock-up periods are not just illiquidity events; they’re volatility traps.

The compressed timelines between fundraising hype and market reality are putting newer projects under intense scrutiny. As secondary markets continue to reprice expectations, FDVs are coming down hard, often leaving early backers in the red long before their tokens are even fully vested.

While the promise of early access and preferential pricing remains alluring, Sabharwal’s data highlights the need for more realistic valuation models and better risk-adjusted strategies in the private token market.

In a space where liquidity is king and narratives shift overnight, the lesson is clear: holding through a lock-up might cost more than the premium investors paid to get in early.

Related | Institutional money flows into XRP, price rises to $2.22 with 47% volume surge

Whales Accumulate 376M $LINK at $6.30: Is a Chainlink Rally Imminent?

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  • Whales have accumulated 376 million $LINK at the $6.30 level, forming a strong support zone.
  • $15.22 has emerged as a key resistance level, with potential selling pressure from holders at a loss.
  • Analyst Ali suggests Chainlink’s next big move will depend on breaking key levels with strong trading volume.

According to a chart shared by popular crypto analyst on twitter Ali (@ali-charts), there has been a significant purchase of Chainlink’s native token ($LINK) at the $6.30 price range. Hence, he believes that this price region is a strong support level for $LINK.

The analyst revealed that $LINK buyers bought 376 million of the token, a proof of the conviction from large holders, known as whales. As shown by the green clusters, the chart showed that lots of buyers piled up at this price point.

Hence, majority of wallets that purchased the token at this price are holding it at a profit. With so many buyers at this point, it is unlikely that $LINK’s price will drop below this level.

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Source: X @ali_charts

Is this the Start of a Rally?

Also, the massive purchases at this point could be a signal that Chainlink is about to start a strong rally. Usually, purchases by deep-pocketed investors lead to price jumps as these players invest for the long term.

Hence, Ali believes that the $6.30 price could become the point at which $LINK’s price start experiencing a substantial upward movement. Meanwhile, the analyst also stated that the $15.22 price is a key resistance level for investors and traders to monitor.

At such levels, selling pressure are usually greater than buying pressure, leading to a pause or reversal in the coin price’s upward movement. Using the chart, Ali explained that the red clusters which corresponds with the $15.22 price represents a price point where addresses that purchased at this price are currently holding in losses.

Hence, if the coin’s price reaches this level again, many of them may choose to sell to recoup their investments, even though it would be without any profit.

According to the analyst, this could add to the selling pressure at this price level.

Chainlink’s Support Vs Resistance Zone

Ali also explained that Chainlink‘s price movement in the near to medium term will be determined by the interplay between the support price point of $6.30 and the resistance price point of $15.22. Should $LINK break above the $15.22 resistance price level following strong trading volume, it could start a stronger rally.

In contrast, it fails to break above this price, it could reverse back towards the established support levels. Traders seeking to make any position (buy or sell) would need to pay attention to broader market sentiment and trading volume between these important support and resistance levels.

AI16Z Price Turns Bullish: MACD Crossover Signals Possible Upside Momentum

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  • The first bullish MACD crossover in weeks is now showing in AI16Z’s charts.
  • Buyer momentum may be building based on RSI levels, which are now rising from the neutral level.
  • The recent accumulation of AI16Z tokens follows a steep decline, thus indicating growing investor confidence in a recovery.

The AI16Z token is showing signs of a turnaround after a prolonged downtrend. Technical indicators are starting to signal early signs of strength, despite market sentiment being quite bearish for a while now.

One of the clearest signals is the MACD (Moving Average Convergence Divergence). A bullish crossover has occurred for the token, for the first time in weeks – the MACD line crossing above the signal line.

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Source: TradingView

This bullish crossover supports the notion that the AI16Z token has its downward pressure already weakening slightly and buyers returning. The green bars on the MACD histogram suggest that this is a momentum shift; the speed of positive movement is increasing, albeit very slightly for now.

RSI Reading Signals Upward Trend of Buying Momentum

The price of AI16Z is still slightly dipping, around 2.3% in the last day, at $0.1464. For the RSI (Relative Strength Index), which shows the speed and variation of the price movement, it currently has a reading of 46.85.

The rise in this level is still very gradual, so it’s in neutral territory, neither overbought nor oversold. Typically, a positive crossover of the MACD when it occurs from a low base is a sign that bullish interest is increasing, which is what a rising RSI from a low base typically indicates.

The First Move of a Significant Trend Change

AI16z is in a consolidation phase as the price action is now relatively flat. This kind of consolidation is usually a necessary move for a token before it experiences a sustained recovery. 

Interestingly, we have already begun to see small but steady green candles in recent sessions, which indicates that investors are accumulating, believing that the token may have already bottomed out.

Although the AI16z token still has a long way to go to return to its previous highs, current technicals are showing a glimmer of hope for the early optimists. Notably, the MACD crossover into bullish territory indicates the first move of a more significant trend change, especially when it is supported with increasing volume. 

Also, while RSI does not yet confirm a strong trend, its direction suggests that the bearish grip over the AI16z is loosening.

Uniswap’s UNI Token Picks Up Steam – Should You Buy Before It Takes Off?

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  • UNI stays in a narrow band ($5.20–$5.30) with hints of a possible upward break.
  • The MACD has shifted to positive, and the RSI shows potential for upward movement.
  • A jump above $5.30 with high trading volume could push UNI towards the $5.75–$5.80 resistance area.

Uniswap token (UNI) traded within the range of $5.2 to $5.3 for the last several trading sessions. Despite the lackluster price of the token, some indications from the market are showing that there are changes soon to be expected.

UNI price fell below $5 on April 7 and then stabilized at around $5.1, staying within this range ever since.  Once the price of an asset stays within a small range, it tends to lead to a strong move upwards. In addition to this, the current Uniswap chart implies that a price rise should be expected soon.

Technicals Point to a Bull Market Shift for Uniswap

TradingView data shows UNI’s MACD has turned bullish. The blue MACD line has moved above the orange signal line. This hints at the start of an upward trend, though it’s still in its early days.

If buyers keep this momentum up, the coin’s price might climb to its next resistance at $5.75 to $5.80. This range matters because the coin hasn’t broken through it in the past two months.

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Uniswap’s 24-hour chart. Source: TradingView

Also, the RSI of 41.70 isn’t near overbought levels but hasn’t hit bullish territory yet. So, UNI’s price has room to grow if more buyers jump in.

In addition, trading volume has been low. But the coin could see a strong upward move if volume spikes after it trades above $5.30.

Since Uniswap is a top DeFi platform (by trading volume), the price of its native token mirrors what happens in decentralized exchanges. Technical indicators are showing an uptrend, suggesting UNI may see a short-term rally.

However, traders have to wait for confirmation before they can make a buy call on this trade.

Ethereum Price Prediction: Ethereum Eyes Explosive Rally To $4,000

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  • Ethereum consolidates at $1,600, prepares for potential breakout.
  • Historical patterns indicate a $4,000 price target in the near future.
  • Global liquidity trends indicate Ethereum may outperform Bitcoin.

Ethereum’s price action indicates that a major price movement is on the horizon. Ethereum’s price continues to consolidate within a descending channel. Analysts predict that a breakout above the lower boundary of the descending channel could lead to further price appreciation.

The $1,600 support level has experienced increased buying pressure. The solid support indicates that a breakout above the upper trendline of the consolidation zone could result in an upward price movement. The market awaits possible confirmation of this breakout because it could push Ethereum to test higher price levels with a $4,000 target.

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Ethereum Price Prediction: Ethereum Eyes Explosive Rally To $4,000 8

Analysts predict a positive trend that strengthens the overall bullish sentiment around Ethereum. If Ethereum successfully breaks out above the current consolidation zone and maintains its support level, it could mark the start of a new upward price trend. If the breakout happens, it could pave the way for an Ethereum price surge, with $4,000 in sight.

Current Price Patterns Vs Historical Ethereum price data

The current market movement mirrors Ethereum’s price action in 2020. Ethereum experienced a major price increase after breaking out from its consolidation zone. Historical data indicates that Ethereum is following a similar pattern, which could trigger an upward price surge.

image 194

In 2020, the Ethereum price consolidated around $215 before a decisive breakout to $1,000. Analysts predict that the current Ethereum consolidation phase around $2,100 could trigger a similar price action. The 2020 pattern indicates Ethereum has the potential to reach prices above $4,000, whereas some analysts believe it may surge to $10,000 in the future.

Global Liquidity, A Possible Trigger to ETH Bull run

Global liquidity trends have a substantial impact on Ethereum’s price performance. Previous market cycles show that Ethereum price maintains an inverse correlation with Bitcoin and global liquidity. Historically, a surge in global liquidity triggers Ethereum’s price appreciation relative to Bitcoin, which could indicate another price rise.

image 195
Ethereum Price Prediction: Ethereum Eyes Explosive Rally To $4,000 9

The current liquidity patterns indicate that Ethereum could once again surpass Bitcoin as global liquidity stabilizes. The market participants continue to monitor liquidity indicators to detect any reversal in the current downward trend of Ethereum’s price against Bitcoin. An increase in market liquidity could trigger a breakout toward Ethereum’s price increase to $4,000. As at press time Ethereum price traded at $1,616

Shiba Inu: 74% Held by Large Addresses, Transaction Volume Reaches $120.46M in 7 Days

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  • Shiba Inu is essentially under the control of whales, as they control about 74% of the supply of the coin in circulation.
  • Over $120 million in large transactions in a week is a good indication of ongoing interest in SHIB from high-value buyers.
  • Whale involvement is beneficial in terms of market activity, but it also creates risk, as sudden sell-offs can lead to sharp and unwanted price drops.

Shiba Inu (SHIB), one of the most renowned meme coins in the crypto sphere, has drawn lots of attention lately, especially from large token holders. Out of the 95 billion SHIB supply circulating, recent data from the blockchain tracking tool, IntoTheBlock, shows that close to 74 percent is held by large addresses, or whales.

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Source: IntoTheBlock

Such a high concentration means there are still a few big players who are influencing the Shiba Inu ecosystem. This is viewed as a confidence signal. However, the whales still have the ability to significantly impact the price negatively if they choose to sell their assets. 

Whale Activity: $120M Weekly Volume is Driving Shiba Inu’s Volume

The transaction volume of SHIB has also been fairly high in the past week. The volume of large transactions (greater than $100,000) has now exceeded $120.46 million during this period. Usually, the volume of transactions signifies how much institutional or whale-level movement is occurring on the platform. 

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Source: IntoTheBlock

As for Shiba Inu, despite the fact that its price isn’t currently seeing any large surges (as SHIB currently sits at $0.00001226 with a less than 1% daily change), the rise in transaction volume indicates that various activities are happening.

Whale Dominance Indicates Stability 

A token that has a 74 percent concentration of large holders and has achieved $120.46 million worth of recent transaction volume shows it’s indeed an asset currently monitored heavily by large-scale investors. This kind of activity could be reassuring to retail traders, small individual investors who tend to trade less significant sums. 

However, it also comes with some risk. If these large holders suddenly change their positions, then any change in SHIB’s price would be very quick and sharp.

Cardano Price Prediction: $ADA Targets $7 as Bullish Breakout Forms

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  • Cardano price mirrors 2021 breakout pattern; $7 on the horizon
  • $ADA poised to benefit from passive capital and indexes
  • Hydra and Midnight upgrades could drive network and price growth

Cardano (ADA) shows potential for a major breakout amid increased capital flow from institutional investors and ecosystem growth. Market analysts observe a repeat in historical patterns and technical formations that support a bullish price trend. Cardano is set to leverage continuous network updates, passive capital inflows, and a resurgence in investor confidence.

Institutional Capital Could Push ADA to $7

Analysts predict that $ADA will rebound to $7 because of passive inflows from indexes and a shift in institutional funds from Bitcoin. Although Bitcoin controls over 60% of the cryptocurrency market, investors seem likely to move funds into alternative assets such as Cardano. Technical indicators show that Cardano will capture part of this market liquidity, which will enhance its market capitalization and dominance.

Hydra and Midnight upgrades could fuel network and price growth. These upgrades attract institutional investors because they provide fast and secure data transfer for decentralized applications. An increase in institutional interest and investment in Cardano could fuel further price appreciation and support the bullish momentum.

Cardano’s Breakout From Symmetrical Triangle

Cardano’s price continues to consolidate in a symmetrical triangle. A breakout could lead to short-term price movements.

image 183
Cardano Price Prediction: $ADA Targets $7 as Bullish Breakout Forms 15

ADA eyes a potential breakout from its short-term descending trendline. A continued breakout pattern could lead to higher lows and lead to further increases in price.

Moreover, analysis of Cardano’s symmetrical triangle indicates a continuation trend that precedes a breakout. Analysts predict that a breakout from this pattern could result in a 30% price fluctuation in either direction. However, the current market sentiment and technical indicators point to a possible bullish outcome.

Short-term Cardano Price Outlook

The recent chart patterns mirror the 2021 technical pattern that drove $ADA to a peak of $2.50. The weekly chart shows a double-bottom chart formation, which is identical to previous bullish formations that preceded major price increases. A successful breakout and retest could create conditions for long-term price growth in the next few weeks.

image 183
Cardano Price Prediction: $ADA Targets $7 as Bullish Breakout Forms 16

Historically, a breakout from a falling wedge pattern could fuel a sharp increase in price. Cardano experiences increased volumes and a neutral RSI indicator, which positions it for a major rally without short-term risks.

image 185
Cardano Price Prediction: $ADA Targets $7 as Bullish Breakout Forms 17

Analysts predict Cardano’s price will hit $2 by June if it turns major resistance levels into support areas. This supports the Cardano bullish trend with additional potential for price growth. As of the time of writing Cardano’s price traded at $0.625

Bitcoin ETF: Key BTC Metrics Remained Mixed As Flows Turn Positive

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  • Investors’ confidence in Bitcoin ETFs appears to have returned as they deposited over $100 million on Thursday into the sector, following a brief dip midweek.
  • BlackRock and Fidelity were the major players with significant ETF inflows, and rising open interest is a sign of increased activity and speculation in the market.
  • Although there were positive inflows, a negative funding rate indicates the need for cautiousness as some traders are betting on a possible fall in Bitcoin’s price.

On Thursday, Bitcoin ETFs recorded a positive change after more than $100 million was invested. Wednesday saw a swing the other way, when $169.87 million was withdrawn from them, marking the only negative of the week. 

But since Monday, Bitcoin ETFs have had a net inflow of $15.85 million, and it seems like the market might be coming to a strong close. ETF investors are gradually displaying confidence this week, with the strong rebound in institutional investments. 

According to experts, their massive Bitcoin ETF purchase is also a reflection of renewed interest in a long-term view of Bitcoin, even though short-term technical indicators are mostly mixed.

Bitcoin ETF Inflows is Proof of Investor Confidence

Recent data shows that BlackRock’s Bitcoin ETF, IBIT, had the largest daily net inflow of $80.96 million on Thursday. This increased its net inflow to a substantial $39.75 billion. Fidelity also had its Bitcoin ETF, the FBTC, following closely behind with a net inflow of $25.90 million. 

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Source: SoSoVaue

Bitcoin price has surged by 0.1% within the last 24 hours to a current value of $84,497. This is also accompanied by a noticeable rise in its trading activity, as shown by an increase in its Open Interest. 

The BTC Futures Open interest is $54.6 billion as of the most recently available data, which is a 2.01 percent increase from the previous day. Any rise in BTC’s price coupled with its open interest means that more and more traders are entering this market. 

Key Metrics Remain Mixed As Bitcoin ETF Buyers Return

Interestingly, some other key metrics indicate that traders are not completely bullish on Bitcoin. The funding rate for Bitcoin futures has turned negative, meaning that traders are now paying those who bet on Bitcoin’s price to rise (long positions), since there is more demand for long positions. 

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Source: Coinglass

The funding rate at the time of writing is currently at -0.0006%, suggesting that there is a part of the market that is expecting a decline in Bitcoin’s price.

XRP Price Prediction : Is A Bullish Breakout Towards $6.50 On The Horizon?

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  • XRP eyes $2.24 support after breakout from inverse head & shoulders
  • Key Fibonacci support levels at $1.90 and $1.55 remain intact
  • Wave 3 projection points to possible rally toward $6.50 and $9.50

Elliott Wave analysis indicates that XRP is at a critical point as it finishes a Wave 2 correction. The cryptocurrency continues to test vital Fibonacci retracement levels near $1.90 and $1.55. Market indicators point to a massive price increase after momentum builds and XRP breaks resistance.

image 165 9
XRP Price Prediction : Is A Bullish Breakout Towards $6.50 On The Horizon? 23

Support and Resistance Define XRP’s Price

The $1.90 price level serves as major support and matches the 0.5 Fibonacci retracement. However, the $1.55 support level, which aligns with the 0.618 retracement, is the most crucial final support. The price needs to remain stable at these zones to confirm the end of Wave 2.

XRP faces major resistance at $2.24, which matches the 0.382 Fibonacci retracement level. XRP surpassed the key price levels, which turned its former resistance zone into new robust support. If XRP holds above this line, it could reduce chances for a potential correction.

Inverse Head and Shoulders Signals Breakout

The XRP price chart has established a clear inverse head and shoulders pattern, which indicates a major bullish reversal pattern. The price surpassed the neckline at $2 and continues to consolidate. This price behavior indicates further upward movement.

image 166
XRP Price Prediction : Is A Bullish Breakout Towards $6.50 On The Horizon? 24

Market participants continue to analyze this price structure and increase in volumes, which further reinforces a potential breakout. The pattern shows bullish control, characterized by higher lows and stable buying pressure. These technical indicators point to an increased market momentum for XRP price.

image 165
XRP Price Prediction : Is A Bullish Breakout Towards $6.50 On The Horizon? 25

If XRP holds above this support level, it could strengthen its bullish movement. A successful retest of $2 validates short-term bullish price predictions. This technical formation could indicate the potential start of an upward price movement.

Wave 3 Targets, Bullish Fibonacci Extensions

The Elliott Wave theory predicts XRP is near the Wave 3 impulse if it maintains its current position. Historically, Wave 3 drives the fastest and highest price appreciation in price cycles. Analysts expect Wave 3 to reach between $6.50 and $9.50.

A major price target stands at $6.50, which matches the 1.618 Fibonacci extension from the recent price bottom. An aggressive price rise could lead XRP to reach $9.50, which matches the 2.618 extension level. Under favourable market conditions, XRP may surge to $12, which corresponds with the 3.618 extension.

The increased momentum indicates that the correction phase could end soon. As at press time, the price of XRP traded at $2.07