Cryptocurrencies Price Prediction: SUI, Bitcoin & Crypto – European Wrap 2 June
|SUI Price Forecast: Fallout from triangle pattern could lead to further losses toward $2.70
Sui (SUI) is down over 1.50% at press time on Monday after three consecutive weekly closings on a bearish note. As Sui survives the 58.35 million tokens unlocked on Sunday, avoiding a panic sell-off, a potential fallout from a triangle pattern could extend the losses to $2.71.
Bitcoin price rebound hinges on clearing Fibonacci and EMA confluence near $105,800
Bitcoin price began Monday’s European session by staging a mild rebound at $105,500, after last week’s 5.5% drop from $109,000 to $103,200.
That retracement pulled price below the 0.786 Fibonacci level of the rally that ended at the all-time high of $112,000, signalling profit-taking into month-end.
Crypto Today: Market sentiment weakens amid Russia-Ukraine tensions; Bitcoin ETFs see first weekly outflow since mid-April
The cryptocurrency market is showing early signs of weakness at the start of this week on Monday as risk-off sentiment escalates amid rising tensions in the Russia-Ukraine war.
Bitcoin (BTC) spot Exchange Traded Funds (ETFs) recorded their first weekly outflow since mid-April, signaling a pause in institutional inflows. Traders should keep a watch on three altcoins: Ethena (ENA), Taiko (TAIKO), and Neon (NEON), which are set to undergo upcoming token unlocks worth over $5 million each, potentially adding sell-side pressure.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.