Three altcoins Algorand (ALGO), Avalanche (AVAX), and Sui (SUI) are starting to flash bullish technical signals, and traders should be watching closely. Whether it’s reclaimed levels, clean setups, or bullish moving average formations, all three are nearing key resistance zones that could lead to breakouts in the days ahead.
Let’s break down what’s happening and what to look for next.
ALGO: Reclaiming Its Neckline and Gearing Up for More
After carving out a clean double bottom pattern with a neckline at $0.26, ALGO broke out and surged as high as $0.34 nearly hitting its full measured move target. Then came a healthy pullback to $0.22, but bulls weren’t done.
ALGO has since bounced back and is trading at $0.27 as of this writing. That quick reclaim of the $0.26 neckline shows buyers are still stepping in. A clean daily close above $0.27, followed by sustained volume, could put the $0.34 high back in play, and possibly even a new higher high within the next week.
📍 Key levels to watch:
- Support: $0.26
- Resistance: $0.34
- Target if breakout confirmed: $0.36+
AVAX: The Breakout That Keeps You Guessing
AVAX is also working on a double bottom of its own but this one hasn’t confirmed yet. The neckline sits around $27, and while AVAX tested it twice, it failed to break through and instead pulled back to $21. Fortunately, the 50-day SMA acted as a reliable floor, preventing further downside.
Right now, AVAX is hovering near the 20-day EMA, with its bullish moving average crossover still intact. If it can gather some momentum and take out the $27 resistance level, the reversal could trigger quickly. AVAX only needs a 17% push to get there, and with enough volume, it could happen fast.
📍 Key levels to watch:
- Support: $21
- Resistance: $27
- Breakout watch: $27–$28 zone
SUI: Bullish MAs Lining Up for a Push to $4.40
SUI is showing one of the cleaner technical structures this week. It recently broke above the 20-day EMA, is now trading at $3.83, and even saw an 8%+ daily candle that pushed it over the short-term 7-day EMA.
What’s most exciting here? The moving averages are stacking up in bullish order. The 7-day EMA is about to cross the 20-day EMA, and the 50-day SMA is sitting comfortably below classic signs of uptrend formation.
This bullish alignment significantly weakens the earlier double top fears and shifts the bias in favor of the bulls. If the momentum continues, SUI could test the $4.30–$4.40 resistance zone soon, and maybe even break through it for a new local high.
Key levels to watch:
- Immediate resistance: $4.30–$4.40
- Bullish confirmation: Sustained close above $4.40
Bottom Line
ALGO, AVAX, and SUI are shaping up for potential upside moves. Whether it’s neckline reclaims, MA crossovers, or failed bearish patterns flipping bullish, the technical setups are strong across the board.
But remember: confirmation is key. Wait for volume to support the moves and manage risk accordingly.
