SUI, Avalanche, and Hedera Lead the Market Downturn
The cryptocurrency market is facing another turbulent week, with coins like Sui (SUI), Avalanche (AVAX), and Hedera (HBAR) all having double-digit declines.
These established coins are dealing with key resistance and support levels, and so investors are looking for new opportunities in high-potential tokens like Moonshot MAGAX (MAGAX), which is stepping into its Stage 2 presale.
SUI Struggles With Weak Momentum
SUI, the native token of the Sui blockchain, has dropped by 11.46% this week and is currently priced at $3.30. Analysts are saying that weak demand, shrinking liquidity, and retail trader hesitation are weighing heavily on the price momentum.
SUI is facing a crucial test near $3.20, which is currently acting as support. If it drops towards $2.90, that shows that the bearing pressure has continued. But as long as SUI breaks out above $3.50, it could trigger a push toward $3.70-$4.00, although sentiment remains fragile.
Spotlight on AVAX as It Faces Strong Resistance
Avalanche (AVAX) is now trading at $23.47, down 9.23% for the week. It has made multiple failed attempts to break through the $26.50 resistance level. The repeated rejection is showing growing weakness, with the chart partners showing a potential bearish channel. In fact, this could pull AVAX toward the $16 support zone as long as sellers remain dominant.
Trading volume has fallen by over 22%, indicating fading demand in the short term. With a circulating supply of 422.27 million AVAX, the bulls and bears are in a battle, and whichever side wins will determine whether the token can recover or keep falling further.
HBAR Eyes Crucial $0.22 Support
Hedera (HBAR) has also seen steep losses, with the value dropping 10.72% to trade at $0.2263. The token is now settled within a support zone from $0.22 to $0.23, which is acting as a reliable floor before the price consolidates.
If HBAR manages to hold above this range, analysts say that it could build the foundation for a recovery towards the $0.35 mark. But if the HBAR can’t defend its support, it might drop lower than $0.22, extending the bearish pressure in the near term.
Investors Shop For High-Potential Tokens Like MAGAX
As SUI, AVAX, and HBAR face mounting challenges, crypto investors are actively rotating into newer, high-potential projects. One token drawing increasing attention is Moonshot MAGAX (MAGAX), which is based on a meme-to-earn ecosystem designed to reward both creators and community promoters.
Unlike traditional meme coins that rely solely on hype, MAGAX combines some utility features that are expected to drive its growth after it’s publicly listed. It features deflationary tokenomics, which keeps the token scarce and prolongs its long-term value.
With staking, members of the MAGAX community can stake their tokens for passive yield. All MAGAX holders can also influence the updates and policies of the ecosystem. Its mix of community-driven appeal and practical use cases is fueling strong demand in the presale phase.
MAGAX Approaches Stage 2 Presale
The MAGAX presale is quickly approaching Stage 2, with early investors moving to buy the token at the lowest price of $0.00027 before the prices rise. Market analysts are very optimistic about the token, expecting it to grow by 166x once it’s publicly listed.
Some experts are even more optimistic, predicting that it will increase by 188x in 2026. With whales and retail traders showing early confidence, MAGAX has set itself as one of the most promising meme coins in the crypto space.
Be part of the Moonshot Magax Presale Community:
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