ADA and SUI jump 6% and 7% as analysts point to further gains

  • ADA and SUI led the cryptocurrency market’s modest 24-hour recovery.
  • ADA rose 6% to reclaim $0.20, while SUI gained 7% to approximately $0.76.
  • Ali Martinez reported buy signals for both tokens on their daily charts.

The cryptocurrency market has shown a modest recovery over the past 24 hours, led in part by ADA and SUI. Cardano’s native token rose 6% to reclaim the psychologically important $0.20 level, while SUI gained 7% to trade at approximately $0.76. Analyst Ali Martinez said the Tom DeMark Sequential indicator, a technical tool used to identify potential trend exhaustion, had issued buy signals for both assets. He said ADA’s signal had historically identified price bottoms followed by double-digit gains, while SUI’s signal pointed to either a one-to-four-day rebound or the start of a new bullish countdown. ADA has also recorded higher outflows than inflows on centralized exchanges in recent days, a pattern that can reduce immediate selling pressure when tokens move into self-custody. Other analysts, including Sjuul | AltCryptoGems, The Moon Show, Michael van de Poppe and Celal Kucuker, have expressed bullish views, with Kucuker seeing a possible SUI move toward $10 in a bull market and identifying September as a potentially favorable month if over-the-counter flows provide a reliable signal.

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