1 days ago
SUI climbing to $4.98 marks a critical juncture in its market journey, igniting speculation about its ability to breach this key resistance level. This upward momentum has captured the attention of traders and investors, with many eyeing the possibility of a breakout that could propel SUI to fresh highs. The rally showcases strong bullish sentiment, driven by increasing demand and favorable technical setups. A decisive move beyond $4.98 might signal the beginning of a larger trend, positioning the token for further gains and strengthening its presence in the cryptocurrency market. As the price consolidates near this pivotal level, the focus shifts to whether the bulls can maintain their grip and push SUI into uncharted territory. With momentum on their side, the stage is set for what could be a defining moment in SUI’s price action. Analyzing SUI Path To $4.98 Milestone SUI’s rapid climb toward the $4.98 resistance level has captured the attention of traders, sparking anticipation for a potential breakthrough. The cryptocurrency has been riding a wave of bullish strength, with increasing demand and positive sentiment pushing the price higher. As it nears this critical level, the focus shifts to whether SUI can sustain its upward trajectory and break through the $4.98 barrier. Related Reading: SUI Price Soars 12% In Minutes, Triggering Huge Liquidations: Predictions For The Altcoin This milestone is not just a technical challenge; it represents a key psychological point in SUI’s market journey. A successful break above $4.98 may unlock significant upside potential, with the possibility of reaching new all-time highs. Technical indicators like rising volume and momentum oscillators suggest that the rally may have more room to run. However, the path to $4.98 is not without its hurdles. Resistance at this price point could trigger a pullback or consolidation, leading to a test of support levels before another attempt to break through. Potential Scenarios: Breakout Or Consolidation? As SUI approaches the pivotal $4.98 resistance level, a successful breakout above this point might open the door to substantial upside potential. Breaking through this key level may lead to new highs and signify that the bullish momentum is strong enough to drive the price higher. Related Reading: SUI Hits New ATH, Can Bullish Momentum Lead Price To $5 This Weekend? Such a move would reinforce market confidence, signaling continued strength in the trend and possibly attracting more buying pressure from traders and investors looking to capitalize on the upward movement. On the other hand, a failure to break through this key level might result in a consolidation phase, where SUI moves within a defined range as traders reassess the market conditions. During consolidation, the price may pull back to test lower support levels like the $4 mark before making another upside attempt. Featured image from YouTube, chart from Tradingview.com
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SUI consolidation Oscillators SUIUSD SUIUSDT
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2024’s $44,200,000,000 in Institutional Inflows to Crypto Products Break Previous Record by Almost 4x: CoinShares
Leading crypto manager CoinShares says institutional investors poured billions into crypto investment vehicles last year, obliterating previous inflow records. In its latest Digital Asset Fund Flows report , CoinShares says that 2024 saw a new record of over $44 billion in institutional digital asset inflows despite the final trading days of the year posting outflows. “Digital asset investment products saw US$585m of inflows for the first 3 days of this year, although for the full week, which includes the last two trading days of 2024 saw net outflows totaling US$75m. The conclusion of 2024 marked a record US$44.2bn of inflows globally, almost 4x the prior record set in 2021 which saw US$10.5bn inflows. Marked by the entrance of US spot-based ETFs, which saw 100% of the inflows at US$44.4bn.” Source: CoinShares Switzerland provided an additional $630 million in inflows while Canada and Sweden saw $707 million and $682 million in outflows a piece. However, those outflows could be misleading, because according to CoinShares, the majority of them are the result of investors pulling out of Canadian and Swedish products to reinvest in American digital asset vehicles. Bitcoin ( BTC ), per usual, took the lion’s share of inflows last year. “Seeing US$38bn inflows representing 29% of total assets under management (AuM). Despite the prices rises short-bitcoin investment products saw inflows of US$108m, but less than in 2024 where it saw US$116m inflows.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 2024’s $44,200,000,000 in Institutional Inflows to Crypto Products Break Previous Record by Almost 4x: CoinShares appeared first on The Daily Hodl . NewsBTC
Bitcoin Surpasses $100,000 Amid U.S. Dollar Weakness as Tariff Policy Remains Uncertain
Bitcoin has surged past $100,000 as the U.S. dollar weakens, spurred by reports of a potentially revised tariff plan from President-elect Donald Trump. The Washington Post indicates that Trump’s team NewsBTC
