Explore 3 Altcoins About to Go Parabolic
- SUI: Breaking $3.98 may lead to gains, while $2.13 support could trigger losses.
- ONDO: A push past $1.45 signals strength, but dropping below $0.76 risks declines.
- PI: Resistance at $3.72 offers upside, while $0.4401 support could mean a steep fall.
The crypto market is moving fast and some altcoins are showing signs of explosive growth. Sui, Ondo Finance, and Pi Network could see major price action soon. Resistance and support levels will decide the next big move. A breakout could bring massive gains. A drop to support might lead to losses. Let’s break down the price action and possible trends.
Sui (SUI): Preparing for a Breakout
Source: Trading ViewSUI has been volatile but still shows strength. The past week saw a 7.70% drop, and the past month recorded a 27.15% decline. However, the six-month performance tells a different story with a 217.99% gain. The current price sits between $2.66 and $3.59. A Relative Strength Index (RSI) of 56.16 signals neutral momentum. The 10-day Simple Moving Average (SMA) at $2.67 and the 100-day SMA at $2.71 suggest possible stabilization.
Ondo Finance (ONDO): Gaining Strength
Source: Trading ViewOndo Finance has been on the rise. A 19% jump in the past week pushed prices between $0.97 and $1.32. A 17% drop last month slowed momentum, but a six-month surge of 104% shows long-term strength. The RSI sits at 64.69, nearing overbought territory. The 10-day SMA at $1.17 sits above the 100-day SMA at $1.05, confirming bullish momentum. A breakout above $1.45 could lead to $1.80, offering a 35% gain. A decline could send prices to $0.76 or even $0.41, bringing losses of up to 58%.
Pi Network (PI): High Risk, High Reward
Source: Trading ViewPi Network has struggled. The past week saw a 31.72% decline. Over the past month, prices dropped 95.09%. The six-month decline stands at 93.54%. Current trading levels range between $1.16 and $2.80. The RSI reads 52.46, indicating neutral momentum. The 10-day SMA at $1.94 sits slightly above the 100-day SMA at $1.78. A breakout past $3.72 could lead to a 30% gain. Pushing past $5.36 might bring even bigger returns. However, falling to $0.4401 could mean a 60% decline.
Sui, Ondo Finance, and Pi Network stand at crucial levels. Sui might stabilize before a strong rally. Ondo Finance continues showing bullish signs. Pi Network remains risky but could deliver huge returns. Watching price levels will be key in the coming days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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