SUI Shows Bullish Structure Near Neckline Support, AVAX Breaks Out Strong – Where Are Prices Headed Next?

SUI is showing positive signs close to crucial support levels, while AVAX has made a strong upward move. These developments have traders buzzing with questions. What will be the next price targets for these promising cryptocurrencies? Discover how these coins might be positioning for further growth and what to watch for in the coming days. SUI Price Movements: Recent Gains with Cautious Market Levels SUI experienced an 83.72% increase over the past month, while its six-month performance shows a minor decline of 0.27%. The last week, however, saw a slight drop of 4.49%, highlighting intermittent volatility. This suggests a pattern of quick surges interspersed with periods of consolidation, characterized by small pullbacks in weekly trading. Current values are fluctuating between $2.19 and $4.35, with immediate resistance at $5.19 and secondary resistance around $7.34. Support is positioned near $0.88. The market shows neither strong bullish momentum nor dominant bearish pressure, offering opportunities for traders to either aim for breakouts above resistance levels or look to accumulate near support. Avalanche Price Trends: Short-Term Rebounds Amid Long-Term Dips Avalanche posted a 21% gain in the past month while dipping about 34% over six months. A one-week decline of around 2.5% hints at recent downward pressure amid earlier rallies. The mixed movements indicate that, despite bursts of strength, the coin still struggles to recover from an extended slippage period. Current prices hover between $16 and $24 with resistance seen at roughly $28 and support near $11. Technical indicators like an RSI around 52 and a slightly bearish moving average suggest a cautious market. Traders might watch for a breakout above resistance or consider positions near support within this defined range. Conclusion SUI appears to have strong support near its neckline, suggesting a potential for upward movement. AVAX has shown significant strength with a strong breakout, indicating further gains may be possible. Both coins are worth watching closely for their next price moves in the market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.