How Bitcoin’s move toward $80,000 could fuel a new wave of gains for ETH, SOL, SUI and AAVE.

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Bitcoin’s possible surge to a new high of $80,000 may lead to substantial increases in other digital coins. Assets like Ethereum, Solana, Sui, and Aave could see notable gains. Investigating how this rise might affect these cryptocurrencies could uncover fresh opportunities. This potential shift in the digital currency space is a topic worth exploring. Discover what factors might drive this wave of growth.

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Bitcoin’s Price Jumps 31% This Month, Nearing Key Resistance Level

Bitcoin’s price has surged 31.5% over the past month, now trading between $70,000 and $85,000. It’s approaching the key resistance level near $90,000. The 10-day simple moving average is above the 100-day average, showing an upward trend. However, the Relative Strength Index is over 70, and the Stochastic indicator is above 90, both suggesting the asset may be overbought. This means a price pullback could happen. If Bitcoin breaks above the resistance, it could rise to the next level around $105,000. If it doesn’t, the nearest support is around $61,000.

Ethereum’s Strong Uptrend Signals Potential Breakthrough

Ethereum’s price has been rising notably, gaining over 30% in the past week and month. Trading within its current range of $2612 to $3505, it is approaching the nearest resistance level at approximately $3824. The 10-day simple moving average is above the 100-day average, indicating bullish momentum. With an RSI above 58 and a stochastic value over 75, Ethereum is nearing overbought territory but may still have room to grow. If the uptrend continues, it could test the higher resistance level around $4717, representing a significant potential gain from current levels.

Solana (SOL) Surges With Potential to Break Through Key Resistance Levels

Solana (SOL) has surged in price recently, gaining over 33% in the past week and nearly 49% in the past month. Currently trading between $171 and $232, the coin shows strong upward momentum. It is nearing the resistance level at $254. If it breaks this barrier, it could aim for the next resistance at $314, which would be an increase of about 24% from $254. The 10-day and 100-day moving averages are supporting this positive trend. Momentum indicators are also strong, suggesting the potential for further growth. Key support levels to watch are at $133 and $73.

Sui (SUI) Surges Over 260% in 6 Months: Will the Rally Continue?

Over the past six months, Sui (SUI) has surged over 260%, currently trading between $2.17 and $3.53. The 10-day simple moving average is higher than the 100-day average, indicating an upward trend. With the relative strength index near 70 and stochastic over 80, SUI is approaching overbought territory, suggesting possible consolidation ahead. The nearest resistance level is $4.02; breaking above this could see SUI targeting the next resistance at $5.38, representing potential gains. However, immediate support is around $1.30, which could be tested if momentum fades. Traders are watching to see if SUI can maintain its impressive rally or if a correction is imminent.

Aave (AAVE) Rallies Over 42% in a Week, Nears Key Resistance Level

Aave’s price has surged recently, posting a 42.26% gain over the past week and a 31.28% increase in the last month. The cryptocurrency is currently trading between $143.79 and $218.02, moving closer to its nearest resistance level at $245.81. Breaking this resistance could propel the price toward the second resistance at $320.05, offering a potential rise of around 45%. The Relative Strength Index is at 48.60, indicating neutral momentum. The Simple Moving Averages for 10 and 100 days are close, suggesting a consolidation phase. Despite a MACD level of -1.05 hinting at bearish undertones, traders are watching to see if Aave can maintain its upward trajectory.

Conclusion

Bitcoin’s rise to $80,000 may influence other major cryptocurrencies like Ethereum, Solana, Sui, and Aave, but their short-term potential appears limited. Meanwhile, CYBRO emerges as a standout opportunity for investors. This advanced DeFi platform leverages AI-powered yield aggregation on the Blast blockchain to maximize earnings. Offering attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience with seamless deposits and withdrawals. By prioritizing transparency, compliance, and quality, it distinguishes itself as a promising project attracting significant interest from major investors and influencers.

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*This article was paid for. Cryptonomist did not write the article or test the platform.