3 Crypto Tokens To Watch in The Final Weekend Of May
The post 3 Crypto Tokens To Watch in The Final Weekend Of May appeared on BitcoinEthereumNews.com.
With the month of May coming to an end, and that too on a weekend, there is a good chance that the market could see considerable volatility. As June starts this Sunday, altcoins could see sharp rises or declines if the market shifts. Thus, BeInCrypto has analysed three such crypto tokens for the investors to watch this weekend and whether they should prepare for a rally or a correction. Sui (SUI) SUI has dropped nearly 11% in the past 24 hours, trading at $3.46. The altcoin’s decline follows broader market trends but may worsen this weekend due to internal factors specific to SUI. A major event looming is the scheduled unlock of 44 million SUI tokens on June 1, releasing $151 million into the market. This new supply could disrupt the balance between demand and supply, often leading to downward pressure on prices. SUI may face a notable price impact. SUI Price Analysis. Source: TradingView SUI’s price nearly touched $3.33 support during intraday lows and may revisit it soon. However, if positive market volatility returns and SUI regains $3.48 support, a rebound to $3.69 is possible, which would invalidate the current bearish outlook and signal recovery. Virtuals Protocol (VIRTUAL) VIRTUAL has experienced a decline over the past three days but continues its uptrend observed this month. This suggests a likely price reversal over the weekend as investors regain confidence in the altcoin’s potential to rise, despite short-term setbacks. The RSI remains in the positive zone, above the neutral mark, supporting bullish momentum for VIRTUAL. This momentum could help the altcoin secure $2.45 as a support level, potentially pushing the price toward $2.99 and eventually reaching the $3.00 mark. VIRTUAL Price Analysis. Source: TradingView However, if the broader market experiences a correction, VIRTUAL could also face downward pressure. Losing the critical support of…
Filed under: News - @ May 30, 2025 5:28 pm