The weekend passed quietly for Bitcoin and altcoins, with trading volumes remaining low, yet the coming days hold promise for significant developments. Martinez has highlighted a short-term bullish flag on SUI Coin, which becomes even more intriguing as volatility is expected to rise. This article will explore both Bitcoin’s current status and the latest forecasts on SUI Coin.
SUI Coin Technical Analysis
SUI Coin is among the promising altcoins that have yet to experience their first true bull season. Cryptocurrencies like AVAX and SOL experienced unique rallies following their launches in 2021. However, tokens from new generation layer1-2 networks like SUI have not yet had this opportunity. If the anticipated altcoin bull run by 2026 comes to fruition, SUI Coin investors can expect positive outcomes.
Ali Martinez shared the bullish flag illustrated above, indicating that SUI Coin, currently consolidating for a rise, might soon form a rapid peak. If the price breaks above $1.84, the next target will be $2.29.
Bitcoin (BTC)
In the altcoin market, enthusiasm needs to increase on the ETH chart for strong upward trends to commence. According to Daan Crypto Trades, a valid breakout and close above the $3350 level on ETH will pave the way for further increases. Until then, resistance will persist.
Columbus shared a quick analysis for Sunday, revealing that BTC’s Heatmap graph shows liquidity is accumulating again. This generally suggests that another upward attempt is approaching.
The analyst recommends testing the support level at $94,000 and resetting the structure, taking a position after testing demand. If the support test is successful and the bulls remain strong, the likelihood of a breakout increases as liquidity continues to build.
Later this week, we will witness important developments such as the Fed’s inflation indicator and Japan’s interest rate decision. Additionally, tariff-related critical moments are anticipated. This suggests we are heading towards days where major developments will lead to significant impacts on the charts, and the risk of strong volatility in both directions should be considered seriously.