SUI shows strong bullish potential, with two Elliott Wave counts suggesting upside. If key support…

Altcoin Watch: SUI Prepares for Breakout While CRO Surges and APT, KAS Test Support
- Catching around 2.89, SUI looks good within an upward-trending channel. An episode CRO of exceeding the $3.30 resistance may propel it to the trend of hitting the $5.50.
- Conservative optimism would describe neutral-to-positive funding rates which would be consistent with a re-accumulation set up, which can be followed by a bullish break out.
- As CRO soars 20% on breakout validation, APT and KAS flail along the border of support, which reveals an unbalanced mood in the altcoin market.
If we take a closer look at the current trading of SUI, which now fluctuates around the price of $2.89, we could see that it is working in a re-accumulation zone, located within the range of $2.50 and up to 3.30. The price is in an ascending parallel channel and the recent corrections have been recovering near the bottom of the channel. Such trend indicates continuing strength in a wider consolidation structure.
The zone between $1.50 and $1.80 continues to act as strong support. A rebound from the current levels may lead to a breakout above $3.30. If buying momentum builds, the price could approach the $5.50 resistance in the coming weeks. This outlook aligns with the longer-term uptrend seen over the past few months.
Funding Rates and Price Action Reflect Market Caution
Such development was characterized by the volatility of the price of SUI between late March on one hand and early July in 2025 on the other hand. The price rose as high as 4.00 in early May, then retraced and settled on about 3.00. During this time, the rates of the OI-weighted funds changed in accordance with the price trends. Long interest was captured in favorable rates when the market was in the upswing; a decline into negative rates signified the short-term bearish trend and profit-taking.
By the first half of July, the funding rates were adjusted to above zero, meaning neutral to slightly positive in terms of market perspectives. The funding and pricing have been relatively flat in recent times, which means the market lacks a clear directional move. This technical action is conducive to the re-accumulation thesis and the possibility of a breakout showing in the event that the levels are maintained.
Diverging Momentum Across CRO, APT, and KAS
Bitcoin is getting stronger, whereas altcoins offer mixed indications. Cronos (CRO) has more than a 20% gain, which proves a successful breakout. Such a drastic increase indicates the growth of interest in purchasing and a new upsurge.
On the other hand, Aptos (APT) and Kaspa (KAS) are at the brink of crucial support levels. No assets have confirmed a breakout or breakdown, and therefore, the trader awaits technical confirmation. Such discrepancy emphasizes the difference in sentiment within the altcoin part as investors focus on the yet followable trend.