- SUI struggles below $4 but stabilizes as $3.90 support holds against pressure
- ONDO faces key resistance at $1.02, showing signs of distribution or weak recovery
- SOL and HBAR show fragile rebounds with crucial resistance levels still intact
As anticipation builds around the upcoming White House crypto report set to release tomorrow, several prominent altcoins are reacting with notable volatility. While retail and institutional investors alike prepare for potential regulatory and policy implications, SUI, ONDO, SOL, and HBAR each offer unique market movements that signal cautious optimism or growing concern.
The broader crypto market is holding its breath, with traders scanning charts for clues on where prices might head next. These digital assets reflect a day marked by pressure, price retracement, and limited recovery, shaped by shifting sentiment ahead of the report.
SUI Short-Term Weakness, But Signs of Stabilization
Sui (SUI) has shown clear weakness throughout the trading session, slipping to $3.97 after a 6.49% drop. Price action paints a sharp downtrend from $4.25 to a low of $3.87.
Support around $3.90 has so far held, cushioning further losses. That said, buyers are hesitant, with volume falling 18.59% to $2.13 billion. A break below $3.87 could invite stronger downside pressure.
However, should it hold above $3.90, a consolidation phase may follow. The circulating supply stands at 3.45 billion out of 10 billion max, indicating a market still finding its footing.
ONDO: Distribution Phase or Dip Opportunity?
Ondo (ONDO) is facing similar challenges. The token has dropped 5.56% to $1.00, testing the support zone near $0.972. Despite a modest volume uptick of 1.77%, resistance at $1.06 and $1.02 remains firm.
The price chart outlines a descending pattern, with consistent lower highs suggesting distribution. Interestingly, its market cap of $3.16 billion against a TVL of $1.38 billion shows a 2.29 ratio moderately valued in DeFi terms. If ONDO can reclaim $1.02, short-term momentum could shift, but the path upward remains uncertain.
SOL and HBAR: Recovery Attempts Amid Caution
Solana (SOL) managed a mild rebound from $182 to $185.43 after a sharp fall from $192.25. Volume increased by 5.76%, indicating stronger trading activity, possibly from large investors moving capital.
However, resistance at $188.50 continues to suppress upward movement. Breaking that level is crucial for bullish continuation.
Hedera (HBAR), meanwhile, closed at $0.2775 following a low of $0.263. The rounded bottom pattern forming suggests potential for recovery.
Yet volume has dropped nearly 25%, signaling low conviction. A move above $0.285 would confirm strength, while failure to stay above $0.270 could trigger another retest of support.
