The cryptocurrency market has recently seen some remarkable developments. The SUI token is particularly eye-catching, with its price pushing towards the $5 mark. Analysis indicates that $4.4 will be a key price point. The recent rise of SUI has outperformed most altcoins, showing a steady upward trend over the past month. Technical analysis shows that after gaining liquidity support in the $4.2 area, SUI's upward momentum has strengthened. The relative strength index (RSI) is currently in the oversold zone, which may signal an impending reversal upward.

The data from the derivatives market also shows that the bulls have a slight advantage, with a long-short ratio of 51%. It is worth noting that the liquidation heatmap indicates a concentration zone for stop-losses and liquidations around the $4.4 mark. If the price enters this area, it could trigger a short squeeze, pushing the price up rapidly. Investors should closely monitor the key range of $4.5-$4.6. If a successful breakout occurs, SUI may attempt to surge towards $5 or even a new all-time high.

At the same time, another eye-catching cryptocurrency – Dogecoin (DOGE) – is also showing positive signals. On the 1-hour chart, DOGE has broken the descending trend line, forming higher highs, seemingly ending the downward pattern since July 22. Currently, DOGE is trading at $0.2364. On-chain data shows that the trading volume has increased by 15% over the past seven days, reflecting that market interest is rising.

From a technical analysis perspective, the Relative Strength Index (RSI) of DOGE is 60.46, which is at a neutral to slightly bullish level, indicating there is still room for a rise. Although the MACD indicator has slightly weakened, the price remains above the 20-day and 50-day moving averages, and the mid-term outlook remains bullish. In the short term, the main resistance level for DOGE is in the range of $0.25-$0.27. If this area can be broken, it is expected to further test the price level of $0.29.

Looking ahead, it is expected that the activity level of the altcoin market will increase in 2025. Investors can pay attention to some altcoin projects that have practical value, a strong community foundation, and significant growth potential. However, when investing in the cryptocurrency market, it is essential to remain cautious, fully understand the associated risks, and conduct thorough research and analysis.