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Chart Patterns, Meme Power, and AI Dreams: Can These 3 Tokens Last?

coinedition.com

17 hour ago

Chart Patterns, Meme Power, and AI Dreams: Can These 3 Tokens Last?

As the crypto market battles uncertainty and Bitcoin hovers around the $105,000 price level, three tokens–$SUI, $SPX, and $VIRTUAL–are drawing investor attention as participants await for an altcoin season. SUI: A Bullish Chart Meets Institutional Tailwind On the weekly chart, SUI/USDT has been moving within an ascending channel since late 2023, making consistent higher highs and higher lows. This clean structure has so far respected both boundaries of the channel, and the latest bounce from the lower trendline suggests more upside ahead. $SUI Big PictureI see $SUI printing this Humongous Rising Wedge 🧐This dip is probably the last opportunity to add to your bags before $SUI makes a new ATH 🎯 Target: $8-10 pic.twitter.com/fBQyHXxwOX — CryptoBullet (@CryptoBullet1) June 3, 2025 Technically, Fibonacci extensions remain key. The 1.618 extension has historically acted as a magnet for SUI during bullish surges. If this trend continues, projections point toward major resistance targets at $8.00, $10.80, and even $13, aligning with the upper channel resistance and extended Fibonacci confluences. Additionally, Nasdaq has filed for 21Shares to launch a spot SUI ETF, and the SEC has officially begun the review process. While approval isn’t expected until January 2026 at the earliest, the filing itself adds serious institutional legitimacy. Related: ZachXBT Calls Out Sui Over Poor Incident Response Infrastructure SPX: Meme Power Meets Price Action SPX6900 (SPX) has been the meme coin of the month, up over 120% in a month. As per CoinMarketCap data, the token has reached a market cap of $1.06 billion, firmly placing it in the top 10 meme coins. The coin’s satire–mocking the traditional S&P 500 index–has resonated deeply with the crypto-native crowd. While it trades at $1.14, it recently touched an all-time high of $1.77 and is now attempting a breakout past a resistance zone around $1.22. Source: TradingView If it breaks and holds above the 1.22 resistance level, the next major psychological barrier lies at $2. The RSI at 54% signals that the coin is neither overheated nor oversold, meaning there’s room to run if community hype continues. VIRTUAL: From DAO Roots to AI Ambitions VIRTUAL, originally launched as Path DAO in 2021 and rebranded in early 2024 as Virtuals Protocol, pivoting to an AI agent ecosystem, hit an ATH of $5.07 in early 2025, only to crash to $0.45 in April–just before the launch of the Virtuals Genesis Launchpad. That event alone triggered a 231% rally, bringing the price back to around $1.80. Now deployed on Base and Solana, the protocol enables users to launch AI agents and receive community funding, tapping into the booming narrative around decentralized AI. Based on the chart below, it is clear Source: TradingView Based on the chart above, the next targets for VIRTUAL stand at $1.88, the middle Bollinger Band (20-day SMA) and the upper Band at $2.36, provided the middle Band is reclaimed first. Related: AI Crypto Virtuals Protocol Up 480% Since April; Latest Breakout Signals More Gains for VIRTUAL 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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