Despite increased selling pressure within the crypto market, mid-cap altcoins have displayed a bullish price action, highlighting a rising interest of investors in these altcoins to maximize their profits during the ongoing market turmoil.
In this article, we have covered the in-depth market sentiments, price analysis, and possible short-lived price targets of the SUI and TIA crypto tokens.
Sui (SUI) Price Action:
In spite of rising bearish sentiment in the cryptocurrency space, the SUI price has displayed a bullish action by recording a jump of over 20% within the past day. Further, it has surged approximately 120% over the past week and 40.11% during the last 30 days.
The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram, indicating an increase in the buying pressure within the crypto space. Further, its averages show a bullish rise, suggesting that the SUI price will continue gaining value this week.
If the market continues trading under a bullish sentiment, the SUI coin price will prepare to test its upper resistance level of $1.460. Conversely, if a bearish trend reversal occurs, this altcoin will plunge toward its crucial support level of $0.6125.
Celestia (TIA) Price Action:
Amid increased price volatility, the Celestia price has added approximately 2% within the past day with a trading volume of $81.432 Million, a change of -15.78%. Furthermore, it has jumped 30.16% over the past week and has secured the 57th position with a market cap of $1.164 Billion.
The technical indicator, RSI continues hovering close to its halfway mark in the 1D time frame. Further, its average trendline shows a bullish curve, suggesting a potential positive reversal for the altcoin in the coming time.
Suppose, the bulls regain momentum, in that case, the TIA price will retest its resistance level of $7.60. However, if the bears overpowered the bulls, the Celestia coin price will retest its crucial support level of $4.435 this month.
Credit: Source link