As Bitcoin price stabilizes above the $67,000 level, the altcoin market has regained momentum with many blue-chip and mid-cap projects recording double-digit gains in their respective portfolios.
Planning on investing in top altcoins before the altseason kickstarts? In this article, we have covered the market sentiment and possible price analysis of Jupiter (JUP), Sui (SUI), and Pyth (PYTH) crypto tokens.
Jupiter (JUP)
The JUP price has added ~5% in the past 24 hours with a trading volume of $323.33 million. Moreover, it has jumped 28.24% over the past week and 25.64% during the past 30 days. This indicates a long-term bullish sentiment for the altcoin.
The Simple Moving Average (SMA) has displayed a significant uptrend in its price chart this month. This highlights an increase in the buying-over-selling pressure for the altcoin in the crypto market.
If the market continues favoring the bulls, the Jupiter price will head toward its upper resistance level of $1.4950. However, if a bearish reversal occurs, the JUP price will retest its important support level of $0.8445 in the coming time.
Sui (SUI)
Despite recording a drop of 1.76% over the past week, the Sui coin price has added 5.84% to its valuation over the past 24 hours with a trading volume of $723.84 million. Moreover, it has surged ~156% this year alone, resulting in it securing a spot in the top 20 list.
The EMA 50/200-day shows a constant rise in the SUI price chart. Furthermore, the RSI indicator successfully retests its neutral point, suggesting a strong bullish outlook for it in the crypto space.
Maintaining the price above its support zone of $1.9750 could result in it heading toward its upper target price of $2.40 in the coming time. On the flip side, if the bearish sentiment intensifies, the SUI coin price could plunge toward its support trendline of $1.6060.
Also, read our Sui Price Prediction for a peek into its future!
Pyth (PYTH)
With a jump of 9.56% in the past day, the Pyth price is hovering close to its resistance trendline of $0.3750. Further, it has jumped 8.97% over the past week. With a market cap of $1.342 billion, it has secured the 59th position in the global crypto list.
The Moving Average Convergence Divergence (MACD) displays a constant flatline in the 1D time frame with its averages showing a similar trend. Moreover, with a potential bearish convergence, indicating uncertainty in the future price action.
Pushing the PYTH price above its resistance level of $0.3750 could result in it heading toward its upper resistance level of $0.5430. Conversely, if the bears overpowered the bulls, the PYTH token will retest its crucial support level of $0.20 this year.
