US President Donald Trump said last week that cryptocurrency prices rose.
Bitcoin (BTC) jumped for the first time for the first time a month, and the market cap of all Solana (SOL) memes coins jumped over $ 10 billion. This article explains why PI Network (PI), Ripple (XRP) and SUI (SUI) are the best cryptocurrencies that can be seen this week.
SUI TOKEN lock release can interfere with rally
SUI, the best layer -1 network, was the highest level since February 1 in the crypto industry, at $ 3.8, one of the highest coins, rising 110% at the lowest level this month.
As the ecosystem’s highest meme coins have soared, daytime dex volume has increased by 60%. The platform’s protocol has dealt more than $ 34.3 billion over the last seven days, bringing a monthly transaction to more than $ 11 billion.
The surge in SUI can be confusing due to the large token lock released on Thursday. The network will launch $ 120 million tokens. Token locks lead to dilution and often affect the performance of coins.
According to the daily chart, the SUI price has been overdue as the relative robbery index moved to 77. Therefore, the coin is $ 2.8150, which is likely to retreat $ 2.8150, $ 2.8150, to $ 2.8150.
XRP price is a key level
Due to technology, Ripple’s tokens will be noticed this week. The chart below shows that the XRP price was traded at $ 2.17 on Sunday. This is a remarkable level for two reasons. First, it depends on the 50 -day index movement average that provided significant resistance over the last few months.
Second, the price is followed by the trend line that connects the highest level since January 16, which is the top of the triangle and the bottom is $ 1.9437.
The descent triangle is a popular weak chart pattern. Therefore, the coin must climb up the slope trend line and the 50 -day moving average to invalidate the weak prospect of the triangle.
PI Network: Will the integration end?
The PI network will be the best cryptocurrency to see this week as the integration continues. It has remained at $ 0.6350 for the last few weeks and has not participated in encryption recovery last week.
Therefore, since all PI demands are minor catalysts, this integration can be calm before the storm and the price will be a parabolic line. The potential catalyst will be a list of exchanges for one or more hierarchies. HTX, the highest exchange advised by Justin Sun, is sending a hint to be listed soon. For example, the PI network appeared in several X networks, including the contents shown below and this.
The other best cryptocurrencies you see this week include CETUS protocols, Maverick protocols, optimism, pendles, and morpho, which are token unlocked and BSC starts the LORENTZ upgrade.