Jupiter (JUP), Sui (SUI), and Pyth (PYTH) Market Analysis and Price Prediction

As Bitcoin price stabilizes above the $67,000 level, the altcoin market has regained momentum with many blue-chip and mid-cap projects

Bitcoin price showed signs of recovery on 23 March 2024, adding nearly 1.57% to its value and trading above the crucial level of $67,000. This slight uptick in BTC price brought relief to the altcoin market, which has been observing a一波上涨潮 in the past few days.

Several blue-chip and mid-cap projects have recorded double-digit gains in their respective portfolios. As a result, the total crypto market cap has also shown an increase of 1.27% in the past 24 hours, now standing at $3.11 trillion.

Top Altcoins Price Analysis 24 March 2024: JUP, SUI, PYTH Price Set for Next Leg Up?

Are you planning on investing in top altcoins before the altseason kickstarts? If so, then checking out the market sentiment and possible price analysis of Jupiter (JUP), Sui (SUI), and Pyth (PYTH) crypto tokens could prove beneficial.

Jupiter (JUP) Price Analysis 24 March 2024 (1D Chart)

The JUP price has added ~5% in the past 24 hours with a trading volume of $323.33 million. Moreover, it has jumped 28.24% over the past week and 25.64% during the past 30 days. This indicates a long-term bullish sentiment for the altcoin.

The Simple Moving Average (SMA) has displayed a significant uptrend in its price chart this month. This highlights an increase in the buying-over-selling pressure for the altcoin in the crypto market.

The Jupiter coin price is currently trading at $1.1536 and has shown signs of breaking out of its consolidation range. If the market continues favoring the bulls, we can expect the JUP price to head toward its upper resistance level of $1.4950.

However, if a bearish reversal occurs, the JUP price will retest its important support level of $0.8445 in the coming time.

Sui (SUI) Price Analysis 24 March 2024 (1D Chart)

The Sui coin price has added 5.84% to its valuation over the past 24 hours with a trading volume of $723.84 million. Despite recording a drop of 1.76% over the past week, the SUI token has managed to gain 156% this year alone, securing a spot in the top 20 list.

The EMA 50/200-day shows a constant rise in the SUI price chart. Furthermore, the RSI indicator successfully retests its neutral point, suggesting a strong bullish outlook for it in the crypto space.

The SUI price is currently trading at $2.2316 and is facing resistance at $2.40. If the bulls manage to push the price above this level, we can expect SUI to rally towards $2.90.

On the other hand, if the bears gain control, the SUI price could跌至下方的关键支撑位 1.6060 美元。 Also, read our Sui Price Prediction for a peek into its future!

Pyth (PYTH) Price Analysis 24 March 2024 (1D Chart)

With a jump of 9.56% in the past day, the Pyth price is hovering close to its resistance trendline of $0.3750. Further, it has jumped 8.97% over the past week. With a market cap of $1.342 billion, it has secured the 59th position in the global crypto list.

The Moving Average Convergence Divergence (MACD) displays a constant flatline in the 1D time frame with its averages showing a similar trend. Moreover, with a potential bearish convergence, indicating uncertainty in the future price action.

The PYTH price is currently trading at $0.3693 and showing signs of breaking out of a consolidation range. If the bulls manage to push the price above the resistance level of $0.3750, we can expect PYTH to rally towards $0.5430.

Conversely, if the bears overpowered the bulls, the PYTH token will retest its crucial support level of $0.20 this year.

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