Next Potential Gainers: How Solana and SUI Are Positioned for a Major Surge

As the crypto market gears up for its next breakout, Solana (SOL) and Sui (SUI) are emerging as two of the most promising contenders for massive gains.

Both Layer-1 blockchains have witnessed strong ecosystem growth, rising investor confidence, and increasing adoption, setting the stage for a potential surge in the coming months.

Solana has been on fire, securing $173 million in ecosystem funding in Q3 2024—the highest since mid-2022. With institutional investors eyeing a potential spot SOL ETF, Solana is proving itself as a dominant force in DeFi.

Meanwhile, Sui is quietly making waves, with its Total Value Locked (TVL) soaring to $1.8 billion and institutional capital flowing into its ecosystem. As DeFi adoption accelerates on Sui, its rapidly growing network is positioning itself as a major competitor in the Layer-1 space.

With significant funding, ecosystem growth, and increasing institutional interest, could Solana and Sui be the next altcoins to skyrocket? Let’s explore the key technical analysis metrics driving their momentum.

Solana’s Price Shows Potential for Growth Amid Market Fluctuations

Solana (SOL) is trading between $222 and $265, experiencing a 6% dip over the past week but a 25% rise in the last month and a significant 66% increase over six months. The Relative Strength Index is at 47, indicating a neutral market. The nearest resistance levels are at $290 and $334, while support levels are at $203 and $160. The 10-day and 100-day simple moving averages are close, around $238 and $234, suggesting potential consolidation before a move. The stochastic oscillator is at 15, hinting at possible upward momentum. Despite recent fluctuations, these indicators suggest bullish potential.

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Sui (SUI) Eyes Breakout: Bullish Indicators Suggest Potential 35% Surge

Sui (SUI) is trading between $3.54 and $4.52, showing signs of rising momentum. The RSI is at 60, indicating positive market sentiment. The MACD level is just under 0.05, supporting a bullish outlook. The price is near the 10-day simple moving average of $4.14 and above the 100-day average of $3.86. If Sui breaks above the nearest resistance at $5.16, it could target the next level at $6.14, over 35% higher than current prices. Conversely, support is at $3.22. With a six-month price increase of 584%, Sui has shown strong growth.

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Conclusion

In summary, both Solana and SUI present promising opportunities for investors and traders. Solana’s fast transaction speeds and low fees make it an attractive option for decentralized applications and high-frequency trading. SUI, with its innovative approach to improving blockchain performance, is poised to capture the attention of the crypto community. For those interested in investing in these tokens or expanding their portfolio, using the NOW Wallet app can enhance the experience. It offers privacy and security without the need for registration or custodial services. With easy fiat-to-crypto operations, support for thousands of tokens across major blockchains, and built-in cross-chain swapping capabilities, NOW Wallet simplifies crypto management for both new and seasoned users.

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