The crypto market remained on edge on Monday as investors waited for the upcoming Federal Reserve interest rate decision. Bitcoin price pulled back below $95,000, while the total market cap of all cryptocurrencies fell by 3% to $3.05 trillion.
Prices also retreated after Trump intensified his trade war, warning that foreign-made films will be charged a 100% tariff. He hopes to incentivize more companies to shoot movies in the US. This article looks at some of the top players in the crypto market today, including Sui (SUI), Pepe Coin (PEPE), and Monero (XMR).
Sui price technical analysis
The Sui token rose to $3.45 on Monday, becoming one of the top players in the crypto market. It rose to a high of $3.45, up by 100% from its lowest level this year.
Most importantly, Sui seems to be about to form a golden cross pattern as the 50-day and 200-day moving averages cross each other. It has also formed a bullish flag pattern, a popular bullish continuation sign in the market.
Therefore, the token will likely continue rising as bulls target the next key resistance point at $5, which is about 45% above the current level. A drop below the support at $3.15 will invalidate the bullish outlook.
Read more: SUI set for 165% price surge as Sui DEXs hit new trading milestone
Pepe Coin price forecast
Pepe, a popular meme coin on Ethereum, drifted upwards on Monday as other cryptocurrencies dropped. It is oscillating at the 50-day and 25-day Exponential Moving Average, a sign of indecision.
The coin remains slightly lower than the key resistance point at $0.000009147, the upper side of the ascending triangle pattern. Also, volume continues to retreat, a sign that demand is waning.
Therefore, Pepe Coin price will likely remain in this range for a while. The key level to watch will be the resistance point at $0.000009147. A move above that level will signal more gains ahead, with the key target to watch being at $0.00001671, up by 102% above the current level.
A drop below the ascending trendline will point to more downside, potentially to the year-to-date low of $0.000005080.
Monero price holds steady
The daily chart reveals that the XMR price bottoms at $134 in July last year. It has moved above the key resistance point at $242, the highest swing in February last year.
Monero has done well after a heist that moved Bitcoin tokens worth millions of dollars through the network. The token has jumped above all moving averages.
It has moved above the bullish pennant chart pattern, a popular bullish continuation sign. Therefore, the token will likely continue rising as bulls target the next key resistance level to watch being at $328, the highest swing last week. A move below the support at $250 will invalidate the bullish outlook.
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