- Solana confirms an inverse head & shoulders breakout, aiming beyond $143 with strong volume support.
- Sui breaks a descending wedge with 123% upside potential, signaling a trend reversal.
- Bittensor targets a 140% surge as it nears a breakout from a long-term downtrend channel.
The crypto market is witnessing renewed bullish momentum as major altcoins like Solana (SOL), Sui (SUI), and Bittensor (TAO) post notable gains. These assets have entered potential breakout zones, thus collecting attention from both small and large investors as strengthened by the solid technical outlook and buyers’ approval,
Bittensor (TAO)
Bittensor (TAO) surged 8.06% in the past 24 hours to reach $336.58, as the AI-centric blockchain project continues to capture investor interest. The outstanding market capitalization increased further by 8.55% to reach $ 2.9 billion, but the 24-hour trading volumes decreased to 25.76%, indicating accumulation but less sell sell-offs. The token price rose from a low of $311, breaching various levels of resistance upswing through the day. The deflationary project has a circulating supply of 8,640,000 TAO tokens that represent 100% of its total supply thereby TAO’s extremely bullish trend underlines restored and strengthening investors’ optimism in the decentralized AI space.
Source: Coinmarketcap
According to Captain Faibik, Bittensor (TAO) is on the verge of a major bullish breakout, having approached the upper boundary of a long-standing descending channel on the daily timeframe. After trading higher for several weeks, TAO is currently approaching a trendline that it must overcome if it is to post a large gain.
Source: X
The value in this case suggests that the upside target is likely to be in the $750 levels, a potential growth of 140.76% from the current price. This comes at a time when organizations are warming up to the idea of distributed AI networks, where TAO is poised to be a project at the forefront.
Solana (SOL)
Solana (SOL) saw a notable uptick in trading today, climbing 3.39% over the past 24 hours to reach $142.59, according to data from CoinMarketCap. This was well supported by an impressive increase in the volumes traded within the given 24-hour trading period, which was 37.57% to stand at $3.94 billion, and a market capitalization which has also increased to 3.45% to $73.74 billion. The chart above shows that SOL started the trading day at close to $130 and then it slightly declined to about $135 before returning to its upward trajectory. It is worth $85.41 billion now as FDV, and the circulating supply has remained stable at 517.19 million SOL out of a total of 599.02 million.
Source : Coinmarketcap
According to Titan of Crypto, a classic bullish reversal pattern, the Inverse Head & Shoulders has successfully played out on the 4-hour chart of the $SOLUSDT Perpetual Mix Contract on Bitget. Again, there is evidence of a clear left shoulder, head, and right shoulder formation with a neckline break at around $126, as illustrated by the chart. After the breakout, the price started running upwards, its upper extreme reached the projected level of $143.21, indicating the formation of a bullish pattern.
Source : X
Sui (SUI)
Sui (SUI) has shown a significant increase in the last 24 hours, rising by 5.09% and reaching a price value of $2.35 as investors believe more in the long-term potential of the project. Market capitalization of the altcoins reached $7,660,233: up by 5.19%, 24h volume hit $966,189,425, which is 35.44% more than a day before. The price action gives a first dip to around $2.21, then proceeds with a powerful recovery, gradually ascending during the price session to reach the existing high of the given price session session highs.
Source : Coinmarketcap
According to Captain Faibik, SUI/USDT has broken out of a prolonged descending wedge pattern on the daily chart—an indicator often associated with strong bullish reversals. This means that one can consider switching from selling to buying, and, therefore, this multi-month downtrend may indicate the beginning of a new upward trend. The technical view is that the future price will go to around $4.60 based on the breakout area near $2.06, while a raw gain of 123.28. This has now been penetrated and coupled with the higher lows formed by the higher lows, it seems that an upward movement is steadily advancing.
Source : X
