Foreign media reports that while Bitcoin remains in a narrow range, some altcoins have regained attention. The article specifically names SUI, Hyperliquid's HYPE, and Bittensor's TAO, suggesting that all three are at sensitive levels. Whether they can continue their rebound next week depends on whether key resistance and support levels are effectively broken or held.
SUI is expected to trade around $0.85.
The article argues that SUI's recent price structure is relatively stable. Since rebounding from the June low of approximately $0.67, the price has consistently made higher lows and repeatedly tested the resistance around $0.85. A breakout above this level with significant volume could further strengthen the short-term trend, potentially shifting market focus to the $1 psychological level.
However, the SUI has not yet fully broken out of its range-bound trading. The article mentions that its Relative Strength Index (RSI) has rebounded to approximately 48, indicating some easing of downward pressure, but it has not yet clearly moved into stronger territory. If it fails to break through $0.85, the area around $0.67 remains a key support level.
HYPE holds $58 support
Of the three, HYPE is still considered one of the stronger performing tokens recently. The article points out that after a rapid rise in June, the token has pulled back and is currently retesting the trend line that previously supported the upward trend. $58 is considered the most immediate support level at present.
Besides price levels, derivatives data is also used to observe market sentiment. The article states that HYPE open interest has rebounded to approximately 4.16 million contracts, indicating that some traders have re-established positions after the price pullback, and the market still anticipates further volatility and a recovery.
If HYPE can maintain its position above $58, the price may retest the $60 resistance level. A further break above this level could see the market refocus on the previous high near $70. Conversely, if it falls below $58, the next significant support level is around $49.
TAO still faces resistance between $202 and $220.
The article argues that while TAO has recovered somewhat from its recent lows, the overall trend has not yet fully reversed. Its price remains below the Ichimoku Cloud, indicating that selling pressure has not significantly subsided. Compared to some altcoins that have broken through key resistance levels, TAO is still in the process of confirming its rebound structure.
The article mentions that TAO's RSI has also rebounded to around 48, with momentum improving compared to before; at the same time, open interest is also slowly increasing, indicating that derivatives traders have not withdrawn significantly, but are waiting for a larger directional choice.
From a positional perspective, the $202 to $220 range is currently the most immediate resistance zone for TAO. A decisive break above this area would strengthen the expectation of a continued rebound and could attract new buying attention. Conversely, a break below $178 could prolong the upward recovery, and the price might remain within a larger consolidation range.
Overall, the core judgment of this commentary is that Bitcoin's sideways movement often leads some funds to altcoins, but what truly determines next week's trend is whether these tokens can gain confirmation at key price levels. Of the three, SUI focuses on resistance breakouts, HYPE on the strength of support, while TAO seems more like an attempt to complete a trend correction.
