Crypto Market Faces Selling Pressure—Will SUI & MNT Recover, or Is This the Start of a Bear Cycle?

Recent movements in the cryptocurrency market have raised concerns among investors, as selling pressure intensifies. The focus is now on understanding what this means for coins like SUI and MNT.

With the current bull run in mind, there is much speculation about whether these digital assets will bounce back or if this marks the beginning of a downturn. This analysis explores potential outcomes and what could lie ahead for these cryptocurrencies.

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Sui (SUI) Primed for Rebound Despite Recent Dips

Sui is currently priced between $2.66 and $3.59, facing a dip but holding on. The price has dropped over the past month and week, but a six-month rise of nearly 200% shows resilience. The RSI suggests it’s undervalued, presenting a potential for growth. The current nearest resistance lies just under $4, and if Sui breaks this, it might aim for $4.91. With improving technical indicators, a rebound could drive a price increase of over 30% from current levels. Support holds at $2.13 to protect further dips. While recent trends show a fall, signs of a possible altcoin season bring hope for Sui’s rise.

Mantle Set to Soar or Stumble: Crypto’s Underdog Tale

Mantle (MNT) is dancing between $0.68 and $0.90, showing some mixed signals. The MACD is in the red, implying caution. But, the RSI at 46.46 suggests it’s nearing a potential bounce. For now, the price looks pressured, having dropped more than 10% in a week. In the next move, breaking the $1.02 resistance could trigger a rally, possibly taking it up near the $1.24 mark, a 38% leap from current levels. However, slipping past the $0.58 support might spell more trouble. Momentum indicators show sideways movement. It’s a waiting game for now, and crypto enthusiasts are eager to see where this coin goes next.

Conclusion

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• Site: Catzilla ($CATZILLA)
• Twitter: https://x.com/CatzillaToken
• Telegram: Telegram Chat
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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.