Date: Fri, March 21, 2025 | 03:48 AM GMT
The crypto market is showing mixed signs of a rebound as Ethereum (ETH) has bounced back with 5% weekly gains and is now trading at $1,977—a promising shift after a choppy start to March. As sentiment gradually improves, altcoins like Toncoin (TON) and Sui (SUI) are beginning to stir as well.
Both tokens have faced significant hits over the past few months, but with TON posting impressive weekly gains after bouncing from key support, SUI appears to be following a similar path.
Toncoin (TON)
Toncoin (TON) has recently shown a promising move after bouncing from a major support zone. Following a consistent downtrend from its all-time high near $8.28, TON found strong support around the $2.38 to $2.94 range.
This zone previously acted as resistance in 2023, making it a key level from a technical standpoint. The price has responded well, climbing back toward the $3.70 area. Currently, TON is attempting to reclaim its 100-week moving average at $3.93, which may act as a short-term resistance level.
Additionally, the MACD indicator is beginning to show signs of momentum reversal, with the lines starting to converge and hinting at a potential bullish crossover.
Sui (SUI)
SUI appears to be following a similar path. After a long decline from its peak near $5.37, SUI has now settled into a key support zone of $2.1range —another area that served as resistance in mid-2024.
The price has been holding steady at this level, with the 50-week moving average near $2.13 offering some extra support. While momentum remains relatively weak, the MACD lines are starting to converge, hinting at a potential shift in sentiment.
There’s also room for consolidation, which could help flatten the MACD and lay the groundwork for a more stable setup ahead.
Final Thoughts
Both TON and SUI have revisited important historical support levels and are beginning to show early signs of stabilization. TON’s bounce and improving technical structure offer a potential roadmap for SUI. If SUI manages to sustain its support and gains confirmation from momentum indicators like MACD, a similar recovery move could unfold.
TON is slightly ahead in this structure, and SUI could be next to follow if the broader market remains steady and buying pressure returns at current levels.
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