Market movements are anticipated with changing supply ratios in altcoins.
Cryptocurrencies have struggled to experience a bull market reminiscent of their historic peaks. Just as the market seemed to be stabilizing, global economic tensions, particularly tariffs, and subsequent events like Iran attacks and rising oil prices, disrupted the scene. Despite these external challenges, the cryptocurrency market has been working through its internal issues and is now waiting for global stability to make a resurgence.
ContentsAimed Targets for SUI CoinAre Altcoins Bound to Fall? Aimed Targets for SUI Coin
Cryptocurrencies often shine in uncertain times, a concept Satoshi Nakamoto seemed to envision when Bitcoin $104,874 was created to instill skepticism towards central banks. However, for years, central bank policies have influenced cryptocurrency trends, delaying the ideal days envisaged by crypto maximalists. A recent dip in Bitcoin prices cascaded into altcoin losses, with Federal Reserve meetings further supporting negative short-term outlooks. Inflation continues to be a threat, prompting the Fed to avoid rate cuts amid fears of worsening economic situations. German Chancellor Merz remains hopeful for a resolution in the US-EU tariff dispute soon.
An analyst known as CryptoBullet is optimistic, targeting new all-time high (ATH) levels for SUI Coin as demonstrated in the shared chart.
“SUI’s daily chart update shows that in March-April, $SUI rebounded as expected from EMA/MA365, reaching my mid-term targets. Now, with repeated tests on these MA levels and the formation of a Falling Wedge, I believe SUI Coin will form higher lows and rise to an ATH.”
Are Altcoins Bound to Fall?
Altcoins have dropped significantly, some reaching all-time lows against Bitcoin. Despite this bleak scenario, the intrinsic high risk and reward nature of crypto remains. Analyst Kyle suggests that the ongoing balance, visible in the SHT/LTH supply ratio graph, is likely to break soon, leading to significant market movements.
“The STH/LTH Supply Ratio fell to 15.7%, dipping below the statistical lower boundary. This indicates silence from short-term players with long-term investors maintaining strong positions. There’s no excitement, no fear, just calmness. This balance will not last forever.”
PEPE Coin is heading towards $0.00000933. Reacting strongly to ETH price movements, the meme coin aims to quickly return to $0.00001100 and $0.00001354 in a potential market recovery. Developments like tariff agreements and easing Iranian tensions could trigger such movements.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
