Solana (SOL), Sui (SUI), and Ava (AVA) are navigating crucial price levels as their technical setups signal both potential gains and losses.
Solana is trading within a falling channel, facing resistance near $235 after testing it on December 13. The 200-period EMA near $223 offers support, but a break below this level could intensify the selloff. If buyers reclaim momentum, SOL may retest its breakout range of $230-$235.
Sui is consolidating within a bull pennant pattern, signaling a potential continuation of its uptrend. The price has confirmed a breakout from an inverse head-and-shoulders pattern, which resolves when prices break above the neckline resistance and rise by as much as the maximum distance between the head’s lowest point and the neckline.
Ava’s price has surged 350% in 24 hours after being added to Travala’s reserves. However, its four-hour RSI is over 87, indicating strong possibilities of sharp corrections next. The immediate downside target is around $1.76, which could be a 40% drop from current levels.
In summary, SOL faces resistance near $235 and may retest its breakout range. SUI is consolidating within a bull pennant pattern, while AVA’s surge has raised concerns about sharp corrections ahead.
Source: https://www.fxempire.com/forecasts/article/sol-sui-ava-price-analysis-will-these-altcoins-rise-further-in-december-1483176