- Bitcoin surged past $110K after soft U.S. inflation data, but gains were short-lived.
- Trump’s tariff comments added volatility ahead of next week’s Federal Reserve meeting.
- Analyst predicts SUI and SOL could rally, backed by ETF filing and strong on-chain growth.
U.S. inflation data released on Wednesday showed a 2.4% rise in May, slightly below the expected 2.5%. Bitcoin briefly surged to $110,300 after the report was out, but quickly pulled back. The market also reacted to comments from US President Donald Trump about progress in trade talks with China and the possibility of new tariffs. Despite the swings, the crypto market stayed largely stable, with investors now waiting for next week’s Federal Reserve meeting.
Amid US inflation data and Trump’s tariff remarks, one analyst listed two altcoins set to rally. These tokens have solid fundamentals and with ETF progress, they could stay unaffected by market noise in the coming months.
Altcoin 1: SUI
According to the analyst, SUI is quietly getting ready for a rally. 21Shares has filed for a SUI Spot ETF, and the SEC is now reviewing it. The Sui network is growing fast, with over $100 billion in trading volume and $1.77 billion locked in its system. About 10% of this comes from Bitcoin-linked assets, and stablecoin use is also rising, making Sui more popular with traders and developers.
SUI has also been showing strength on the charts, continuing its uptrend from the June lows just like many other cryptocurrencies.
The key support area to watch is between $3.27 and $3.43. As long as SUI holds above this zone and the current pullback stays corrective, there’s a good chance the uptrend will continue. A break above $3.57 would confirm the next move higher.
Altcoin 2: Solana (SOL)
As for Solana, ETF firms Rex Shares and Osprey Funds are reportedly in talks with regulators to launch a Solana Spot ETF. According to Blockworks, approval could come within three to five weeks. The analyst said that if the approval comes through, it could spark a SOL rally. Current odds give Solana a 90% chance of approval, alongside other popular coins like Litecoin, XRP, and Dogecoin.
Solana’s price recently crossed $165 and analysts say if it breaks above $180, it could rally towards $225. At the time of writing, SOL is down by more than 4%, making it a ‘discounted buy.’
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
