Top 3 Cryptos to Watch This Week: Bitcoin, Sui, Sonic on the Edge of Big Moves

Top 3 Cryptos to Watch This Week: Bitcoin, Sui, Sonic on the Edge of Big Moves

Top Cryptocurrencies to Watch This Week: Bitcoin, Sui, and Sonic Gear Up for Big Moves

As a new week begins in the crypto market, investors are closely watching three key cryptocurrencies—Bitcoin (BTC), Sui (SUI), and Sonic (S)—which are all poised for major events that could significantly impact their prices. From massive ETF inflows to billion-dollar token unlocks, here’s what you need to know.

Bitcoin Eyes Breakout Amid Explosive ETF Inflows

BTC Targets $145K as Cup-and-Handle Pattern Emerges

Bitcoin continues to dominate headlines as ETF inflows surge past the $50 billion mark. Last week alone, BTC ETFs added $2.2 billion, marking the third straight week of strong inflows and reinforcing bullish momentum.

Technical charts show that Bitcoin is forming two powerful bullish patterns:

• A bullish flag, often a precursor to upward breakouts.

• A cup-and-handle formation, which typically leads to strong rallies.

The measured move from this setup suggests a potential target price near $145,000, which would smash its current all-time high and potentially ignite another crypto bull run.

BTC is currently hovering just below the key resistance at $107,000, and a breakout could happen anytime this week, especially if investor sentiment continues to climb.

Sui Faces Price Pressure Ahead of $154M Token Unlock

5.22 Billion Tokens to Be Released on July 1

Sui (SUI), a Layer-1 blockchain known for low-latency and scalability, is under pressure as it prepares for a major token unlock event on July 1. The Sui Foundation will release 5.22 billion SUI tokens, valued at over $154 million, representing 1.63% of the total supply.

This monthly token unlock will continue until 2030, regularly releasing over 55 million tokens on the first of each month. While this structure was designed to ensure gradual decentralization, it also contributes to frequent price volatility.

SUI Technicals Suggest Downside Risk

• SUI is trading below its 50-day moving average.

• A descending channel pattern has formed, with the price currently near the $2 support level.

• If bears take control post-unlock, the price could dip below this key level.

Given the negative momentum, traders are cautious, and many are watching for a potential sell-the-news event following the unlock.

About Sui

Launched by Mysten Labs, Sui was built by former Meta engineers who previously worked on the Diem blockchain and the Move smart contract language. It is considered one of the most promising Layer-1 blockchains aiming to challenge Ethereum and Solana.

Sonic (Formerly Fantom) Braces for $73M Unlock Impact

7.5% of Total Float to Be Released July 4

Sonic (S), which evolved from the Fantom Foundation, is preparing for its own token unlock worth over $73.7 million—about 7.5% of its total float. The event is scheduled for Thursday, July 4, and could intensify current bearish trends.

Sonic Price Has Plunged Over 70%

• From a 2024 high of $0.9833, Sonic’s price has fallen to $0.3166.

• It recently broke below a key support level at $0.3810.

• It is also trading below its 50-period moving average on the 12-hour chart.

Technical indicators suggest continued downward pressure, with $0.20 as the next major support level. Unless market sentiment improves dramatically, Sonic may see further losses following the unlock.

What Is Sonic

Sonic emerged in 2024 as the next-gen version of Fantom, led by renowned DeFi developer Andre Cronje. The project aims to build high-performance decentralized infrastructure, but investor confidence has been shaken by price volatility and unlock dynamics.

Macroeconomic Backdrop Adds More Uncertainty

The broader market is also eyeing key U.S. macroeconomic data this week:

• Nonfarm payrolls (July 3)

• Trade data

These figures could impact crypto prices by influencing Federal Reserve decisions on interest rates, which tend to affect investor appetite for riskier assets like cryptocurrencies.

 Prepare for Volatility

This week is shaping up to be a rollercoaster for crypto investors, with:

• Bitcoin poised for a possible breakout.

• Sui facing downside pressure from a $154M token unlock.

• Sonic bracing for heavy selling amid its $73M unlock.

Smart traders will keep an eye on technical levels, unlock schedules, and macro news to position themselves ahead of potential market moves.

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