Dune Analytics announced support for 100 blockchains on February 26, 2025, expanding its data tools amid increasing demand for unified cross-chain analytics. Dune’s Cross-Chain Data Tools Now Cover 100 Networks The blockchain analytics and intelligence platform Dune now integrates major layer one (L1) networks like Ethereum, Solana, and Avalanche; layer two (L2) solutions including Arbitrum […]
Key Takeaways: Hackers exploiting Bybit have laundered more than $335 million in stolen ETH. Blockchain data links it to North Korea’s Lazarus Group. Bybit’s response is closely observed as a key test of trust in CEXs. Meanwhile, the crypto world holds its breath as the ripples of the colossal Bybit hack play out. If you follow the…
Read more
Litecoin is the only cryptocurrency in the top 50 with near double-digit gains over the past 24 hours. Cointelegraph explains why.
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. Best Wallet (BEST) just got a major upgrade. The platform has rolled out full Bitcoin support and expanded its multi-chain capabilities. With the project’s presale having raised over $10.5 million, it’s clear Best Wallet […]
The recent $1.4 billion Bybit hack has put cybersecurity in the crypto industry into sharper focus as firms search for a way forward.
The altcoin and meme coin sectors incurred significant losses on Feb. 26, 2025, as investor apprehension over former President Donald Trump’s proposed EU tariffs sparked a widespread sell-off, with safe coin (SAFE) declining by 8.83%. Altcoins Plummet Amid Trump-EU Tariff Uncertainty Global cryptocurrency market capitalization dropped 3.16% to $2.78 trillion in 24 hours, according to […]
Solana price could bounce from $130 to $150 “golden zone” with the possibility of a mean reversion playing out over the short term.
Sui (SUI) is showing signs of a potential rebound as its price climbs above the $2.80 mark, sparking optimism among traders. After experiencing a period of downside pressure, the cryptocurrency is attempting to reclaim lost ground, suggesting that bullish momentum may be building. This recovery comes at a critical juncture as maintaining support above this level could pave the way for further upside movement. The rally has drawn attention to whether SUI is gearing up for a more sustained recovery or if this surge is merely a short-lived reaction before another downward move. Despite the optimism, the broader market remains highly volatile, and SUI still faces key resistance levels that might determine the strength of this uptrend. SUI Price Attempts Recovery SUI’s price faced rejection after attempting to push higher, signaling possible weakness in the current recovery attempt. After climbing to the 50% Fibonacci retracement level at $3.079, the cryptocurrency struggled to sustain its upward momentum, encountering resistance that prevented further gains. Related Reading: SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure This rejection has triggered a fresh decline, indicating that sellers are defending key levels. As a result, the asset has started to lose traction, with bearish pressure mounting again. The decline could accelerate, leading to a deeper retracement If the price fails to find support at nearby levels. Furthermore, SUI is still struggling to gain bullish momentum as it trades below the 100-day Simple Moving Average (SMA) and remains under pressure from a key bearish trendline. Typically, this indicates that sellers are still in control, preventing a breakout toward higher levels. A decisive move above these resistance points could signal a trend reversal, but failure to do so may result in more downside pressure. Technical Indicators: A Mixed Picture From a technical perspective, the recent recovery above $2.8 is a promising development. SUI’s Moving Average Convergence Divergence (MACD) shows early signs of a bullish crossover, which could signal upside potential if the momentum continues. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 However, challenges remain with the $3.5 level cited as a significant resistance zone, and a failure to break through hints at renewed selling pressure. Additionally, trading volumes are improving, but are still below their peak levels. In conclusion, SUI must overcome two major hurdles to confirm a meaningful recovery: the 100-day SMA and the bearish trend line. A break above these levels, accompanied by strong volume, might open the door to higher price targets, including $3.0 and beyond. On the other hand, a failure to hold above $2.8 sparks a retest to lower support levels, reigniting the downtrend. Featured image from YouTube, chart from Tradingview.com
The price of bitcoin (BTC) dropped south of $84,000 as spot bitcoin exchange-traded funds (ETFs) posted record outflows. As of 2:30 p.m. (ET), the leading crypto asset is hanging below the $85,000 range at $84,378. ETF Exodus Weighs on Bitcoin, Price Slips Below $88K Bitcoin fell to a 3-month low over the last day, and […]
Leveraged ETFs can significantly underperform in volatile markets, research shows.
