Fun

SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play?

News Feed - 2025-04-27 01:04:58

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


SUI has been trading with impressive strength since setting a local low around $1.71 just over two weeks ago. Since Monday, SUI has gained more than 79% in value, reflecting a surge in bullish sentiment and positioning itself as one of the standout performers in the current market environment. Related Reading Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity 23 hours ago


However, risks remain elevated as tensions between the US and China continue to escalate, creating uncertainty across financial markets. Trade conflicts and geopolitical friction could still weigh heavily on risk assets if conditions worsen.


Top analyst Kaleo shared an analysis highlighting that SUI is gaining strength against Bitcoin, marking one of the first times in recent months that an altcoin shows significant relative performance compared to BTC. This strength is notable as most altcoins have struggled to outperform Bitcoin in a market dominated by caution and defensive positioning.


The next few days will be critical in determining whether SUI can sustain its breakout or if a period of consolidation will follow. SUI Leads Layer-1 Blockchains as Momentum Builds


SUI has positioned itself as one of the leading Layer-1 (L1) blockchains during the recent market rally. A Layer-1 blockchain refers to a base blockchain network, such as Bitcoin or Ethereum, that processes and finalizes transactions without relying on another external chain. These networks operate independently with their own security protocols, native tokens, and decentralized validators, forming the backbone of the broader crypto ecosystem.


Over the past two weeks, SUI has shown remarkable strength, significantly outperforming many other assets. If the market enters a sustained bullish phase for altcoins, SUI is likely to continue leading the pack, thanks to its recent resilience and strong relative performance. However, the environment remains extremely high risk. Some analysts are warning that current levels across crypto and equities could trigger a sharp market-wide retrace if sentiment shifts.


Kaleo’s recent analysis on X suggests that SUI’s strength against Bitcoin is a particularly encouraging sign. He notes that SUI might be one of the first major L1s to hit new all-time highs during this bounce, reflecting strong underlying demand. SUI starts a breakout against BTC | Source: Kaleo on X


The next week will be critical; US equities are now testing major resistance zones, and uncertainty around the ongoing US-China trade conflict continues to weigh heavily on global markets. How financial markets react over the coming days will likely influence whether SUI can extend its rally or enters a period of consolidation alongside broader risk assets. Related Reading Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? 1 day ago SUI Battles Key Levels As Bulls Push Forward


SUI is currently trading at $3.53 after several days of aggressive buying pressure that has propelled the price higher. The bullish momentum has been impressive, positioning SUI as one of the strongest-performing Layer-1 blockchains in the market. However, for this momentum to sustain, bulls must defend critical levels. Price Surging above the 200-day MA | Source: SUIUSDT chart on TradingView


The most important short-term level is $3.20, which aligns closely with the 200-day moving average (MA). Maintaining price action above this zone would confirm a bullish market structure and offer a solid foundation for further gains. If SUI manages to hold above the 200-day MA, it would signal strong underlying demand and reinforce bullish sentiment around the asset. Related Reading Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected 2 days ago


For a continuation of this aggressive uptrend, the key challenge lies at the $4.00 mark. Reclaiming and consolidating above this resistance would open the path toward a potential new all-time high (ATH), especially if momentum remains strong across the broader crypto market. Featured image from Dall-E, chart from TradingView

News Feed

Binance Wallet announces support for Bitcoin Atomical ARC-20 assets
Zhiyuan Sun4 hours agoBinance Wallet announces support for Bitcoin Atomical ARC-20 assetsThe Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs.1217 Total views2 Total shar
Aave deploys DeFi protocol on BNB Chain
Ezra Reguerra10 hours agoAave deploys DeFi protocol on BNB ChainThe BNB Chain team said that Aave’s deployment on the network provides their community access to increased liquidity and new lending and borrowing options
Onecoin Cryptoqueen Associates Appear in German Court
Onecoin Cryptoqueen Associates Appear in German Court Three people are facing trial in Germany for their roles in one of the crypto world’s most infamous scams, Onecoin. The defe
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming Crypto startup Avanti Financial Group has been granted a license to offer banking s
Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool
Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining PoolReports say Venezuela has now legalized bitcoin mining following the decree recently issued
Arijit Sarkar15 minutes agoBitcoin miner mulls refunding 20 BTC reward to PaxosChun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds
Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini
Onchain Analysis Report Says Terra"s Bitcoin Reserves Were Sent to Binance and Gemini After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wonde
Survey Shows 3 in 4 Crypto Investors Turned a Profit Investing, Crypto Represents 12% of Millennial Portfolios
Survey Shows 3 in 4 Crypto Investors Turned a Profit Investing, Crypto Represents 12% of Millennial Portfolios Digital currencies have seen significant gains in
Grayscale Commences Diversified Large Cap Fund Trading
Grayscale Commences Diversified Large Cap Fund Trading In February 2018, Grayscale Investments, the sponsor of the Bitcoin Trust (OTCQX: GBTC) announced the Grayscale Digital Lar
Technical Analysis: ATOM Hits 1-Week High — AXS, LEO, THETA Dip Lower
Technical Analysis: ATOM Hits 1-Week High — AXS, LEO, THETA Dip Lower Despite Thursday’s selloff in cryptocurrencies, cosmos managed to hit its highest level in the last w
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $3,000 as Crypto Gains Encounter Resistance
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $3,000 as Crypto Gains Encounter Resistance Gains in cryptocurrencies slowed down on hump-day, as bitcoin and ethereum prices
Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador
Turner Wright4 hours agoBitcoin Beach co-founder claims Bitcoiners want to move families to El SalvadorThe Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving