Bullish Trio: SUI, LDO, and XMR Emerge as Top Gainers
In the past 24 hours, Sui (SUI) bulls have been in control, driving the price from an intraday low of $0.5405 to a 24-hour high of $0.6018. A bullish breakout past the $0.6018 resistance level may set eyes on the next resistance level at $0.6500.
With strong buying pressure and positive market sentiment, SUI has the potential to continue its upward trend and attract more investors. However, a retracement from the current high could see SUI finding support at the $0.5900 level before attempting another rally.
SUI/USD 1-day price chart (source: CoinMarketCap)
At press time, SUI was priced at $0.5837, a 7.88% surge from the intraday low. Consequently, the SUI market capitalization and 24-hour trading volume surged by 7.82% and 18.75% to $422,139,298 and $209,373,794, respectively.
LDO/USD
From a 24-hour low of $1.51, Lido DAO (LDO) bulls swept the bearish momentum under the rug, pushing the price to an intra-day high of $1.60 before retracing slightly to $1.58 at press time. The next resistance level for LDO/USD is around $1.65, while a potential support level could be found at $1.55.
LDO/USD 1-day price chart (source: CoinMarketCap)
LDO’s market capitalization and 24-hour trading volume surged 5.01% and 3.98% to $1,401,856,843 and $62,121,300, respectively. This surge reflects the increasing interest and activity in LDO trading. As the market capitalization and trading volume continue to rise, it indicates growing confidence in LDO as an investment opportunity.
XMR/USD
A bullish reign has prevailed in the Monero (XMR) market, with bulls soaring to a 24-hour high of $144.86 before facing resistance. With bulls setting support at an intra-day low of $138.80, the XMR price has shown resilience and potential for further upward movement.
The market capitalization and trading volume increase in XMR/USD pairs by 4.39% and 22.46% to $2,647,245,247 and $ 77,523,495 further solidifies the bullish sentiment.
XMR/USD 1-day price chart (source: CoinMarketCap)
If the bulls breach the $144.86 resistance, the next resistance level to watch out for would be around $150.00. This level has historically acted as a strong psychological barrier for XMR and could trigger a further surge in buying pressure. However, a break below the support level of $140.00 could indicate a shift in sentiment and lead to a potential downward movement.
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