The post Solana (SOL) and Sui (SUI) Find Strong Support: Are These Prime Buy Zones? appeared on BitcoinEthereumNews.com.

While it might still be too early to tell, Bitcoin (BTC) could be getting ready for a bounce after finding support at the bottom of its bull flag. Strong altcoins $SOL and $SUI are excellent candidates for their own bounces. Are they in prime buy zones? $SOL hits horizontal support together with 0.5 Fibonacci level Source: TradingView The 4-hour chart for $SOL does look very good. The price is currently resting on the strong horizontal support at $168, while a small wick down to test the 0.5 Fibonacci level has successfully taken place. Looking at the Fibonacci extension levels it can be seen just how accurately the price is respecting them. At the bottom of the chart, the Stochastic RSI has its indicators at the bottom, ready to rise and bring upside momentum into the price. At the same time, the Relative Strength Index (RSI) reveals that the indicator has just dipped into oversold territory. If one looks left on the chart, the last big rally out of oversold territory can be observed. Is another one of these inbound? Positive price action badly needed for $SOL going into this weekend Source: TradingView The weekly time frame does hold some concerns for the $SOL price going forward. In the price action, the current weekly candle has dipped below the ascending trendline (although it is still holding support), and it is enveloping the previous candle. In the Stochastic RSI at the bottom of the chart it can be seen that the indicators are posturing to cross back down. What will be needed in order to cancel out these negatives is some good, positive price action going into the weekend. With all the short-term Stochastic RSI indicators at the bottom and ready to rise, this could still be a decent prospect. $SUI ripe…

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Filed under: News - @ August 2, 2025 4:24 am