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A Look at Why Solana, Ethereum, and SUI Are on Every Trader’s Radar for July

coinedition.com

14 hour ago

A Look at Why Solana, Ethereum, and SUI Are on Every Trader’s Radar for July

The crypto market is starting the week on a strong note, and altcoins are also aiming to bounce back. After an impressive weekend close, experts are watching several top tokens closely, especially Solana (SOL), Ethereum (ETH), and SUI, which are showing clear signs of strength and setting up for possible big moves in the days ahead. Altcoins Breaking Trends and Retesting Support A lot of altcoins have broken out of key downtrends and are now coming in for retests, a classic setup for a fresh rally. Among them, Solana stands out as one of the strongest performers over the past few days. The coin has already broken its trend line and is currently retesting the $147–$150 range, which is now seen as a key accumulation zone. Source: TradingView According to the analyst, if Solana can hold this level, its next mid-term target could be between $170 and $186. On higher time frames, Solana could aim for the $240 mark in the coming months, especially with increasing speculation about Solana ETFs and new announcements on the horizon. Related: Bloomberg Analysts Name the Top 5 Altcoins Set for a 2025 ETF Approval Ethereum Holding Strong, Gearing Up for Next Push Ethereum (ETH) also recently broke out of its downtrend and is coming into important support areas. The main support range lies around $2,420. Source: TradingView Ethereum remains one of the strongest plays in the market — especially with rising institutional interest. A breakout past $2,520 could trigger another upward rally before a possible correction. However, if the price slips, the short-term uptrend could lose momentum. SUI Eyes New Highs Meanwhile, SUI has been making moves of its own. The altcoin has broken through previous highs and is setting up for another push, with the analyst eyeing a rally to around $3.70 to $4.00. Source: TradingView Related: What’s Driving the Surge in Interest for SOL, ARB, and SEI Today? If the current market trend continues, SUI could be one of the standout gainers in the short term. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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