Avalanche (AVAX) and Sui (SUI) Prices Pumping – Here’s Why

Top crypto analysts, Trading Joker and Planfomo, have lately shared bullish insights on the price movements of Avalanche (AVAX) and Sui (SUI). Their analysis points to potential breakouts and significant upside for these two cryptos, fueling the current price pumps. As per the latest data from CoinMarketCap, AVAX is trading at $63.50, up 12.96% in the last 24 hours, while SUI is priced at $1.64, enjoying a 7.15% surge over the same period.

Avalanche (AVAX): Ascending Triangle Pattern Fuels Rally

Planfomo (@planfomo), a top crypto trader, had identified an ascending triangle pattern on the AVAX chart. He anticipated another leg up after a proper breakout through the resistance zone. 

Consequently, AVAX has indeed bounced back from the demand zone, resulting in a 63.40% price increase. In a  tweet, Planfomo celebrated this rally, exclaiming, “Enjoy!”

Sui (SUI): Cup and Handle Pattern Hints at Breakout

In a tweet, Trading Joker (@TradingJoker) identified a bullish cup and handle pattern on the SUI chart. He expressed confidence in a breakout from the current handle, reclaiming the $2 level. 

Moreover, Trading Joker believes that once SUI surpasses $2, it will enter a price discovery phase with no significant resistance, potentially propelling it towards targets around $3.40-$3.60. Lately, he reiterated his bullish stance, stating, “As long as BTC allows, this will be sent to new ATHs.”

Market Performance

The bullish predictions from Trading Joker and Planfomo seem to be playing out, as both AVAX and SUI are experiencing significant price pumps. According to CoinMarketCap, AVAX has a 24-hour trading volume of $2,098,283,963, while SUI’s 24-hour trading volume stands at $683,399,781. These trading volumes further reinforce the positive sentiment surrounding these cryptocurrencies.

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The analyses from Trading Joker and Planfomo, coupled with the strong price performances and trading volumes of AVAX and SUI, suggest that these cryptocurrencies are poised for further gains. However, as with any investment, it is crucial to conduct thorough research and exercise caution.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.