SUI Breaks Support Trendline: Is The Uptrend Over? PEPE: Demand Increases Near Crucial Support Level

As the new US president, Donald Trump, promotes decentralized finance and aims to expand cryptocurrency adoption by reducing regulatory pressure, the crypto market is poised to undergo a massive bull wave in 2025.

As the new US president promotes decentralized finance and aims to expand cryptocurrency adoption by reducing regulatory pressure, the crypto market is poised to explode in 2025.

With the next crypto bull wave on the horizon, traders are snapping up undervalued altcoins to capitalize on the massive returns. We’ve seen a huge interest in SUI and PEPE, as well as an up-and-coming project in presale, Elluminex (ELX).

Let’s analyze these altcoins and explore the growth potential of Elluminei, the early-stage project dubbed the next DeFi leader.

Sui Breaks Support Trendline: Is The Uptrend Over?

After forming a large cup-and-handle pattern that developed over seven months after March 2024, SUI broke out of the $2.16 resistance level on 6 November 2024. This sparked a massive rally, and SUI surged over 80% in price within ten days. After this, the price pulled back over 23%, but reversed and continued to rise in an uptrend channel.

SUI traded in this channel for over two months, but the price dropped below the lower trendline on Monday. The price has declined by over 0.45% in the last 24 hours, and SUI currently trades at $4.40. However, despite the decline, its daily trading volume has increased by 54%.

The price has dropped below the 50-day Simple Moving Average (SMA) but is above the 100-day SMA. SUI is just 17.86% below its ATH at $5.35, and since the price has corrected significantly and the volume is increasing, it may reverse to continue the uptrend.

PEPE Demand Drops At Crucial Support Level

During the recent rally, PEPE gained over 250% in price within a month, but lost momentum after reaching the $0.000028 price level, which caused it to drop to the $0.0000165 support level. As the PEPE price lost demand, it consolidated between this support and the $0.000021840 resistance levels for over a month.

A few days ago, PEPE plunged below this range and is trading at $0.00001548 after a 3.4% intraday surge. The price has immediate support at $0.00001437, where demand is resisting further decline. If PEPE drops further, the next significant support level is $0.00001316.

However, the MACD oscillator is declining fast, indicating increasing bearish pressure. The RSI is 39 and is steadily dropping, suggesting PEPE is moving towards the underbought region.

Elluminex (ELX): Next-Generation DeFi Hub On TON

The DeFi sector suffers from fragmented liquidity, high transaction costs, a complex interface, and limited exposure to early-stage investment opportunities.

These problems largely stem from outdated methods and inefficient infrastructure. The DeFi sector needs more innovative and advanced platforms to grow steadily. So, Elluminex aims to become the first comprehensive DeFi hub and revolutionize the industry by leveraging the remarkable capabilities of the TON blockchain.

Elluminex will provide investors with an all-in-one DeFi platform where users can easily trade, stake, farm, bridge, and track their portfolios from a single point of contact. Thus, Elluminex users will have better security and efficiency as they will no longer need to navigate various platforms.

The core component of this DeFi hub will be the Elluminex DEX, which will be integrated with a cross-chain bridge. This DEX will allow users to connect their TON wallets and make direct asset transfers across multiple blockchains.

Moreover, TON’s 100,000 TPS, infinite sharding, and scalable architecture ensure lightning-fast transactions, low slippage, and consistent prices even during high network activity. Elluminex will also provide users access to an AI-powered portfolio tracker and advanced trading features such as limit orders and LP trading.

The native token, ELX, will be essential for transaction fees and accessing advanced platform features. The token presale has started, and ELX is currently valued at $0.06, which will increase to $0.08 in the next stage. Early investors have an excellent opportunity to acquire this token while it is undervalued and capture enormous returns as the project grows to capture the DeFi market.

For more information about Elluminex (ELX) visit the links below:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.