- SUI, SOL, and LINK show bullish momentum but face resistance at key price levels.
- HBAR leads gains with a 24.1% surge, supported by strong market demand and volume.
- Despite price increases, declining trading volumes suggest mixed market participation.
As the cryptocurrency market shows bullish momentum, investors are closely watching key assets. Several altcoins, including Sui (SUI), Solana (SOL), Chainlink (LINK), Ondo (ONDO), Litecoin (LTC), Hedera (HBAR), Aave (AAVE), and Cardano (ADA), are experiencing notable price movements. Market participants are evaluating these assets based on their support and resistance levels, trading volume, and overall trends.
SUI Shows Strong Growth with Bullish Momentum
Sui (SUI) is trading at $2.83, reflecting a 7.22% gain. The price is following an upward trend but consolidating after reaching a local peak. The key support level is near $2.64, while resistance is observed above $2.90.
Market cap has surged by 10%, though trading volume has declined by 19.78%, signaling a slowdown in activity. If SUI stays above $2.80, it could attempt another breakout; otherwise, a drop below $2.75 might lead to a test of the $2.64 support.
Solana Maintains Uptrend with Rising Volume
Solana (SOL) is up by 4.70%, trading at $140.32. The asset has been in an upward trend with brief consolidation. Support is found at $134.35, while resistance is near $150.00.
Market cap has grown by 6.54%, with a 4.62% rise in trading volume, indicating strong interest. If SOL stays above $140, it might challenge the $150 resistance, but a dip below $135 could trigger further downside.
Chainlink Gains Amid Lower Trading Volume
Chainlink (LINK) is valued at $14.46, marking a 4.53% increase. The asset has strong support at $13.85 and resistance near $15.00.
Despite its price rise, trading volume has dropped by 37.63%, showing reduced activity. A sustained position above $14.25 may lead to another attempt at $15.00, while a slip below $14.00 could push LINK toward $13.85.
Ondo Gains Despite Slowing Trading Activity
Ondo (ONDO) has surged by 9.57%, reaching $1.00. Support is around $0.92, while resistance is near $1.02. The market cap increase suggests strong interest, but trading volume has fallen by 11.49%. If ONDO holds above $0.98, it may push higher, while a dip below $0.95 could test $0.92.
Litecoin Holds Support as Market Confidence Grows
Litecoin (LTC) has gained 5.14%, trading at $125.78. The key support level is at $119.03, while resistance is observed near $130.00.
Despite strong market sentiment, trading volume has dropped by 36.04%. A sustained move above $125 could see LTC testing $130, whereas a decline below $123 might lead to further downside.
HBAR Sees High Demand with Strong Price Surge
Hedera (HBAR) has surged 24.1%, trading at $0.2335. The price is seeing a significant uptrend, with support at $0.1867 and resistance near $0.2377. Market cap has grown to $9.82 billion, and trading volume remains high. If HBAR holds above $0.22, it could target $0.25, while a drop below $0.22 may lead to a pullback toward $0.20.
Aave Faces Consolidation After Initial Uptrend
Aave (AAVE) is up 1.72%, trading at $186.08. Support is found at $183.84, while resistance is seen at $194.00.
Despite an increase in market cap, trading volume has declined by 11.95%. If AAVE stays above $185, it might attempt to break $194, while a decline below $183 could test $180.
Cardano Pushes Higher with Bullish Sentiment
Cardano (ADA) has gained 6.10%, trading at $0.6358. Support is near $0.6011, while resistance is around $0.650. The market cap increase reflects strong investor confidence, although trading volume has dropped. If ADA maintains levels above $0.63, it could challenge $0.650, while a slip below $0.620 may retest $0.601.
