Cryptocurrencies Price Prediction: Sui, MYX Finance & Ethereum — Asian Wrap 18 September
|Sui Price Forecast: SUI bulls target double-digit gains with $4.44 in sight
Sui (SUI) price trades in green, above $3.80 on Thursday after rebounding from its key support level earlier in the week. The bullish view is further supported by rising Decentralized Exchange (DEX) activity and favorable funding rates. The technical indicators project SUI for further upside, with bulls eyeing the $4.44 resistance level as the next major target.
MYX Finance sustains rally as meme coins MemeCore, Fartcoin rebound
MYX Finance trades above $16, retracing nearly 6% at press time on Thursday following the 52% gains from the previous day. The intraday pullback reflects a reversal from an area close to the all-time high of $19.00 on the 4-hour chart. If the pullback intensifies, MYX could test the 50-period Exponential Moving Average (EMA) at $12.48, followed by the $9.83 support level marked on Monday.
Ethereum Price Forecast: ETH on-chain data shows bullish signs as Fed cut rates
Ethereum (ETH) on-chain data shows bullish signs as the Federal Reserve (Fed) reduced its interest rate by a quarter percentage point on Wednesday. Ethereum investors may be leaning toward a potential uptrend with the resumption of a Fed pivot, following rising whale demand, low selling pressure, network activity recovery, and an increasing stablecoin supply, according to CryptoQuant data.
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.