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In line with a bullish trading week, Sui (SUI) prices soared by over 20% 
reaching a local peak of $3.54 before experiencing a slight retracement. The 
prominent altcoin, which is tipped to be a major player in a potential 
altseason, has maintained a remarkable price performance in the present market 
cycle rising by 352.04% in the last year alone. Based on technical indicators, 
renowned market analyst Ted Pillows postulates SUI may be gearing up for 
parabolic rally following recent market gains. Related Reading: Ethereum Price 
Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence SUI Market 
Structure Signals Potential Breakout In an X post on July 11, Ted Pillows 
shares an insightful price analysis on the SUI market identifying a series of 
technical signals that precedes explosive market gains. These include a well- 
defined price movement within a well-defined ascending channel on the weekly 
timeframe, combined with an imminent bullish MACD crossover. In analyzing the 
ascending price channel, SUI has shown a strict adherence to both resistance 
and support zones. Notably, a healthy correction from its previous highs near 
$5.00 resulted in the altcoin finding support around $2.50 before initiating 
another rebound. As the altcoin presently consolidates, historical data 
indicates a potential return to the channel upper’s boundary between $10.50 
and $13.00. However, the major strength in Pillows’ bullish thesis is the MACD 
setup that shows an impending bullish crossover i.e. when the MACD line 
(white) crosses above the signal line (orange), often interpreted by traders 
as an early sign of trend reversal or strengthening bullish momentum. 
Historically, the last time a decisive bullish MACD cross occurred on the 
weekly chart, it induced a six-month rally that delivered over 400% in gains. 
Going by this precedent, SUI bulls may be eying a potential price target of 
$13.76 by end of 2025. Related Reading: SUI Explodes Higher, Climbing Above 
20-Day MA — But Can The Rally Hold? SUI Market Overview At the time of 
writing, SUI trades at $3.42 reflecting a 1.16% decline in the past 24 hours. 
Meanwhile, the market trading volume is up by 17.68% and valued at $1.95 
billion. On a monthly scale, SUI has recorded a marginal loss of 0.11%, 
suggesting that bearish forces still maintain a subtle grip on the market. 
Nevertheless, data from CoinMarketCap shows the Sui community remains bullish 
on the altcoin’s future. Contributors to this market optimism includes the 
potential of SUI spot ETF following applications by prominent asset managers 
such as Grayscale, Canary Capital and 21 Shares. Meanwhile, the potential of 
an altseason remains valid amidst continuous speculations by market analysts. 
As earlier stated, SUI&#8217;s strong price history and growing recognition places 
the cryptocurrency as a major frontrunner in any altcoin market run. Featured 
image from Nairametrics, chart from Tradingview

SUI MACD Signals Massive Rally Ahead — 400% Price Surge Possible

Bitcoin’s momentum cooled slightly after reaching a new all-time high of 
$118,839, yet the broader trend remains bullish. With bitcoin trading at 
$118,142, holding a market capitalization of $2.34 trillion, and posting a 
24-hour trading volume of $39.03 billion within a range of $116,847 to 
$118,158, traders are cautiously eyeing the next move. Bitcoin On […]

Bitcoin Price Watch: Bullish Trend Holds as Market Eyes $120K Breakout

Bitcoin has officially entered a new chapter in its bull market, surging to 
fresh all-time highs near $118,800 after weeks of tight consolidation. This 
decisive breakout marks a pivotal shift in momentum, with analysts pointing to 
a potential explosive leg higher as bullish sentiment returns. The move above 
previous highs has not only reignited interest in BTC but also fueled optimism 
across the broader crypto market. Related Reading: Ethereum Targets Liquidity 
Above $3,000 – Price Magnet Forming One of the most telling indicators of the 
current cycle’s strength is Bitcoin Dominance. According to top analyst On- 
Chain Mind, BTC dominance has climbed to 65% since the beginning of this bull 
market. This sharp increase highlights a clear preference among investors for 
Bitcoin over altcoins, solidifying its position as the market’s anchor in 
times of volatility and growth. As Bitcoin leads the charge, market watchers 
believe the breakout could trigger a wave of institutional inflows and renewed 
attention from sidelined retail investors. With momentum building and 
confidence growing, the breakout above $118K may just be the start of an even 
larger move, one that could define the next phase of the 2025 crypto bull 
cycle. Bitcoin Leads The Charge After weeks of sideways consolidation below 
the $110,000 mark, Bitcoin has finally broken out, launching a new bullish 
phase and pushing the broader crypto market into motion. Altcoins, which had 
lagged in recent months, are now climbing above key resistance levels as 
confidence spreads. This coordinated move comes amid a backdrop of 
macroeconomic shifts, with market participants increasingly anticipating a 
weakening US dollar and the return of inflationary policies under US President 
Donald Trump’s administration. With expectations of rate cuts looming and 
pressure mounting on the Federal Reserve, the market sees crypto—especially 
Bitcoin—as a natural hedge. However, caution still lingers. US Treasury yields 
remain elevated, continuing to flash warnings of systemic stress in the 
traditional financial system. That tension has only strengthened Bitcoin’s 
appeal as a non-sovereign, hard-capped monetary asset. Bitcoin dominance tells 
the story clearly. “At the start of this bull market, it sat at 40%. Today? 
65%,” noted On-Chain Mind, emphasizing how investor preference has 
overwhelmingly leaned toward BTC. This dominance reflects a trend that has 
barely flinched, even as Ethereum and other altcoins attempt to catch up. As 
BTC leads the market higher, its dominance reinforces its role as the primary 
beneficiary of macro uncertainty. While the altcoin space is beginning to show 
signs of life, it’s clear that Bitcoin remains the anchor, and investors 
aren’t ready to rotate just yet. Related Reading: Bitcoin MVRV Oscillator 
Predicts First Sell Pressure Level At $130,900 – Details 4‑Hour Chart: 
Post‑Breakout Cooling Bitcoin’s 4-hour chart shows a clean breakout followed 
by consolidation, a typical sign of strength after an impulsive move. Price 
surged from the long-standing resistance at $109,300 to a local high of 
$118,000 in less than twelve hours, marking an 8% rally. This breakout flipped 
prior resistance into support and triggered strong volume, validating the 
move. Volume has decreased during this period, which is characteristic of a 
bullish consolidation rather than distribution. The 50-period moving average 
(blue) has crossed above the 100-period (green), forming a short-term golden 
cross near $109K. This crossover supports a bullish outlook, with the 
200-period moving average (red) trending upward from $105K, reinforcing the 
structure of higher lows. Related Reading: Altcoins Jump Off Critical Support 
Level – Relief Or Reversal? As long as Bitcoin remains above $112K, bulls are 
firmly in control. A drop below $109K would invalidate the breakout and raise 
short-term risks. However, if price can break above $118K with conviction, it 
could open the door to a run toward the $120K psychological level. Featured 
image from Dall-E, chart from TradingView

Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

YZi Labs has partnered with 10X Capital to support the creation of the BNB 
Treasury Company in the United States. New BNB Treasury Company Eyes U.S. 
Listing With Backing From Crypto Veterans YZi Labs, a global investment firm 
with a $10 billion portfolio across web3, AI, and biotech, announced its 
support for 10X Capital’s latest […]

BNB Treasury Company to Launch in US Backed by YZi Labs and 10X Capital

Binance co-founder CZ has dismissed a Bloomberg report linking him to the 
Trump-backed USD1 stablecoin, threatening legal action over alleged 
defamation.