Ali Charts Confirms 40% AVAX Rally, As Sui Holders Look Towards Elluminex Dubbed Top Crypto Of 2025

Sui (SUI) has seen an incredible performance after the August 2024 market correction. It was among the tokens that fully regained its previous losses and moved to new highs.

As 2025 approaches, investors are eagerly searching for the next top crypto. While Avalanche (AVAX) and Sui (SUI) have had their moments in the sun, their recent price actions suggest a slowdown in their rallies. However, another crypto, Elluminex (ELX), has quietly emerged as a force to be reckoned with.

After the August 2024 market correction, Sui (SUI) price action showcased an ascending support trendline, triggering multiple bounces each time the price returned to it. Its most recent bounce occurred in December, culminating in a new high price of $5.35 on Jan 6. Afterward, the price of Sui declined from the trendline after two weeks. This trendline has existed for 161 days; hence, a breakdown marks the end of upward movement. Meanwhile, the Sui Crypto has not yet validated this support line as a resistance.

If the downward movement persists, the closest Fibonacci at $4.48 could become support, while the closest horizontal support is at $1.80. Sui’s technical setup validates the conclusion of upward movements. For example, its RSI has generated a bearish divergence, falling below the neutral position of 50. Additionally, its MACD has made a bearish cross, while the histogram indicates a bearish divergence.

Therefore, Sui’s upward movement appears to have ended, signaling the start of a bearish trend. Alongside a breakdown from its long-term ascending support trendline, SUI has also broken down from its short-term wedge pattern. As such, Sui has reached the top of its upward movement, and if this is confirmed, the price of Sui could begin a lengthy correction that could take it below $3.

Ali Charts Confirms 40% Rally For Avalanche (AVAX)

In the past week, Avalanche has been on a downtrend, but this has not deterred optimism among investors. Netflow data highlight an outflow of 2.18 million AVAX tokens, suggesting investors are moving away from the exchanges. This trend typically reflects increased whale accumulation or reduction in selling pressure. This consistent outflow of AVAX tokens indicates that many investors are still holding onto their tokens rather than preparing to sell.

Meanwhile, large inflows exceeded $20 million between mid-November and early December, which aligns with selling activity during its price peaks. Notably, Ali Charts predicts that the price of Avalanche is primed for a 40% rally once it breaks above its descending channel pattern at $37 and $38. Its technical setup aligns with this bullish sentiment, though the direction of the breakout could determine the next significant move.

The crypto’s daily price chart has been trading with a descending triangle pattern, demonstrated by a downsloping trendline and horizontal support level at $34.18. This level has acted as a defense for AVAX buyers, but repeated tests could weaken this zone. A breach below the $34.18 level could set the stage for downside support levels at $29.17, $24.69, and $22.18, aligning with the Fibonacci extension levels. To regain bullish momentum, AVAX price must break the descending trendline near $37-$38. Any additional resistance could be around $37.53 and $40.17, which have previously rejected price recovery attempts.

Despite TON being among the fastest blockchains, bolstering over 950 million users, its network’s DeFi market remains largely underdeveloped. This might soon change, thanks to Elluminex (ELX), a revolutionary DeFi platform on TON. Just like how Uniswap turned Ethereum into the heart of DeFi, Elluminex is about to drive a new wave of success to the Toncoin network, elevating it to new heights.

This single DeFi platform will be the missing bridge for the TON ecosystem, enabling easy transfer of assets between chains, which could change the entire trajectory of Toncoin. Most traditional DEX suffer from high gas fees, fragmented liquidity, and slow transaction times. Elluminex has tackled these issues head-on, aggregating liquidity across multiple blockchains, minimizing slippage, and enabling a seamless trading experience with a wide array of crypto assets.

Even by holding the ELX token, investors can earn passive income by staking their tokens at dynamic rates that reward early adopters and loyal stakers. This has contributed to the platform’s liquidity. Moreover, it has reduced sell-offs and built a loyal community, stabilizing the ELX token. Besides trading, Elluminex offers an AI portfolio tracker, learning academy, and pre-market access, positioning the platform as a premier DeFi hub. So far, Elluminex is available at presale and selling for only $0.06. Thanks to these features, market participants are optimistic that this new DeFi coin could rally exponentially in this bull cycle.

While Avalanche looks forward to new highs and Sui navigates price breakdown, Ellum