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Cryptocurrency News Articles
Solana (SOL), Sui (SUI), Jupiter (JUP), and Worldcoin (WLD) Show Promising Activity, Price Trend Analysis Essential
Oct 24, 2024 at 06:00 pm
Cryptocurrency markets remain volatile, making price trend analysis essential for traders. Solana (SOL), Sui (SUI), Jupiter (JUP), and Worldcoin (WLD) show promising activity.
Cryptocurrency markets continue to exhibit volatility, making price trend analysis crucial for traders. Among the vast sea of digital assets, four coins, Solana (SOL), Sui (SUI), Jupiter (JUP), and Worldcoin (WLD), have shown promising activity. Each coin has distinct support and resistance levels that could determine their near-term price movements.
Solana (SOL): Bullish Momentum with Key Resistance in Sight
Solana's price is currently at $173.62, showing a daily gain of 5.39%. The price is experiencing strong buying interest, as indicated by a 24.11% rise in volume. Key support for SOL is at $165.35, a recent low where buyers stepped in. If the price falls below this level, the psychological support of $160 could act as a safety net.
On the upside, resistance is visible at $174. This level has been tested, but the price has not yet broken through. A breakout above $174 could signal further bullish momentum toward $180. However, failure to surpass this level might trigger a retracement to test the $165-$160 support range.
Sui (SUI): Strong Bounce but Facing Resistance
Sui's price shows a daily increase of 6.34%, with the coin currently trading at $2.02. Support is at $1.90, where the price bounced back after briefly touching this level. If the price drops below this zone, $1.85 could provide further support.
Resistance is visible at $2.05, which the price has approached but not breached. A successful breakout above $2.05 could see the price moving toward $2.10, a critical psychological level.
However, if SUI fails to break this resistance, it may retest $1.90. With volume up by 12.68%, buyers seem active, but the price must break key resistance to continue upward.
Jupiter (JUP): Testing Highs Amid Volume Surge
Jupiter's price is experiencing a significant surge, with the coin up 10.34% to $1.07. Volume has jumped 81.59%, reflecting strong buying interest. The price recently peaked around $1.11 but faced selling pressure, pushing it back to $1.07. Support lies at $0.97, with additional backing at the $1.00 psychological level.
Resistance remains at $1.11, which the price struggled to surpass. A successful breakout here could push the price toward $1.15. However, failure to hold the $1.05 level may result in a downward retest of the $1.00 support.
Worldcoin (WLD): Consolidation Signals Potential Upside
Worldcoin's price is at $2.29, showing a modest 0.85% increase. The price has rebounded from recent lows and is consolidating near $2.29. Support is found at $2.22, where the price has rebounded multiple times. A break below this level could lead to a test of $2.17, the recent bottom.
Resistance is visible at $2.30, and a break above this level could propel the price toward $2.37. However, if WLD fails to break this resistance, it may revisit the $2.22 support.
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