SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent?

ADA returns on an uptrend. How high can it go?

Key Support levels: $0.64

Key Resistance levels: $0.90, $11. ADA Secured 64 Cents as Support

With the price comfortably above the 64 cents support, buyers have the upper hand right now. The recent price action also puts ADA in a clear uptrend with a target at $0.90 which is less than 20% away at the time of this post.2. Momentum Shifts Bullish

In line with most of the market, the momentum on Cardano is also shifting bullish. This can be seen on multiple timeframes such as the 3-day MACD and soon on the weekly timeframe if buyers continue to keep up the pressure. This is encouraging and suggests that ADA has potentially already bottomed at 51 cents.3. Buyers Return

Another clear signal that the momentum is shifting can be seen on the volume profile where buyers just made a higher high. This is a vote of confidence that ADA is ready to move higher with key targets at $0.90 and $1. It is critical for this cryptocurrency to reach 90 cents so that the price can also secure a higher high.

A single-word reply on X from Rep. Anna Paulina Luna (R‑FL) — “Confirmed” — rocketed through the crypto markets early Wednesday, convincing a growing chorus of traders that Federal Reserve Chair Jerome Powell’s tenure is measured in days, not months. Within minutes of Luna’s affirmation that “Jerome Powell is going to be fired. Firing is imminent,” prediction‑market odds of his ouster on Polymarket leapt to 26 percent, the highest reading this year, up from 16 percent only 24 hours earlier.

A White‑House‑backed search is already under way. Treasury Secretary Scott Bessent, in an on‑record Bloomberg interview, acknowledged “a formal process that’s already starting” to identify Powell’s successor, adding that “there are a lot of good candidates inside and outside the Federal Reserve.”

President Donald Trump underscored the point during an impromptu press gaggle, repeating last week’s warning that “the renovations at the central bank were a fireable offense.” Those renovations — an over‑budget, $2.5 billion overhaul of the Fed’s historic Eccles Building — have become the legal pretext for dismissal, with Trump allies alleging “inefficiency” and “neglect of duty,” two of the three causes for removal spelled out in the Federal Reserve Act. Powell has asked the Fed’s inspector general to reopen its review of the project.

Notably, Bill Pulte, the Federal Housing Finance Agency head and a longtime Powell critic, confirmed the rumors to his followers on X: “I heard from a very credible, bipartisan source, today, that Jerome Powell is considering resigning. This maps with both reports and also the talk in DC.”

Crypto Markets Sense A Massive Bull Run

The Bitcoin and crypto prices haven’t shown any reaction to the rumor yet. After piercing $123,000 on Monday, BTC is still 4.5 percent below the record high. The entire crypto market seems to be in a wait-and-see position. However, long-term, the implication could be profound for the crypto markets. “I cannot think of a more bullish catalyst for Bitcoin in the past five years than the complete and utter humiliation of Jerome Powell,” wrote macro commentator Julian Figueroa, pointing to what he called the “façade” of central‑bank independence collapsing in real time.

Long‑time trader Byzantine General echoed the ambivalence: “Powell was actually a great Fed chair. But… if he resigns then it’s very likely that whoever comes next will lower rates, which is bullish for our cryptographic currencies.”

Should President Trump succeed in replacing Powell with a more accommodating successor—one prepared to deliver the “three‑percentage‑point” rate cut he has publicly demanded—the Federal Reserve would likely be forced to shelve its balance‑sheet runoff precisely as Washington ramps up fresh fiscal stimulus.

That synchronous pivot away from quantitative tightening would flip the liquidity regime from drain to deluge, recreating the macro backdrop that powered the crypto market’s 2020‑21 vertical ascent and positioning it for the next major bull run.

At press time, the total crypto market cap stood at $3.68 trillion.

Following the recent show of strength in the Bitcoin market, capital is spilling over to the altcoin market, with Ethereum attracting attention amid calls for a budding alt season.

Analysts say it may be the right time to pivot to Ethereum, a stance bolstered by ETH treasury frenzy.

Peter Thiel Entities Buy Over 9% of Ethereum-Focused BitMine

According to filings with the US SEC (Securities and Exchange Commission), Peter Thiel-linked Founders Fund bought 5,094,000 shares across multiple entities associated with BitMine Immersion Technologies.

The shares accounted for a 9.1% stake in BitMine, and came barely three weeks after Founders Fund invested in the software company.

Following this move, BitMine Immersion Technologies’ BMNR soared over 12%, trading for $44.97 pre-market.

With this purchase, Peter Thiel’s Founders Fund follows Pantera, Galaxy, and Kraken Exchange in the venture.

These firms also bought shares in BitMine Immersion Technologies. Their collaboration is inspired by a common goal: building an Ethereum treasury.

BitMine raised $250 million via private placement to kickstart its treasury and appointed Fundstrat co-founder Tom Lee as Chairman of the Board, who has served as CIO since June.

BitMine Immersion announced on Tuesday, July 14, that it holds over 163,000 ETH worth over $500 million, as part of its Ethereum treasury strategy.

Meanwhile, the firm adds to a growing list of traditional finance (TradFi) players building Ethereum treasuries. Others include SharpLink and BTCS (Blockchain Technology Consensus Solutions).

As BeInCrypto reported, SharpLink recently bought 31,487 ETH tokens, including a major 21,487 ETH purchase split between Galaxy Digital and Coinbase Prime.

The company’s ETH stash now totals 253,000, fully staked and restaked, yielding an unrealized profit of $45 million. Meanwhile, BTCS has increased its Ethereum holdings by 221% since 2024.

The synergy around Ethereum comes amid interest in the network’s “protocol-level activities”, according to BitMine, which cited DeFi, staking, and stablecoins as distinguishing elements.

As of this writing, Ethereum was trading for $3,143, after climbing almost 6% in the last 24 hours.

Analysts also say it may be the right time to invest in Ethereum, as experts highlight early signs of an altcoin season.

Among the signs is a falling Bitcoin dominance despite BTC price hitting new highs. Similarly, the altcoin season index recently hit a multi-month high.