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Crypto revolution: XCN, PENGU and SUI conquer the markets, Bitcoin sinks!
On July 15, 2025, we analyze the price movements of Onyxcoin, Pudgy Penguins and Sui as Bitcoin falls below $119,000.
Crypto revolution: XCN, PENGU and SUI conquer the markets, Bitcoin sinks!
On July 15, 2025, the cryptocurrency market shows mixed developments as Bitcoin (BTC) reached a record high of $123,218 but fell below $119,000 the following day. This volatility affects most altcoins, but some notes maintain their bullish momentum: Onyxcoin (XCN), Pudgy Penguins (PENGU), and Sui (SUI).
Onyxcoin (XCN) posted a 13% rise on Monday and is now targeting key resistance. Despite a 2% decline on Tuesday, the overall market position remains positive, with the cryptocurrency breaking above a key resistance trendline formed by highs set on January 26th and May 16th. The MACD indicator is showing a positive trend while the Relative Strength Index (RSI) is at 67, indicating some fluctuation in the bullish momentum. A close above the 50% Fibonacci retracement level at $0.019 could extend the rally to a high of $0.029 on April 11.
Altcoins are taking off
Pudgy Penguins (PENGU) is also posting encouraging results, showing a slight 2% increase on Tuesday after the cryptocurrency gained 28% on Sunday. PENGU is now trading between the 61.8% and 78.6% Fibonacci levels of $0.022 and $0.037. Analysts suggest that a decisive close above $0.037 could confirm a further rise to $0.050. The recent appearance of a golden cross between the 50-day EMA and the 200-day EMA could indicate an impending trend reversal. Still, the RSI is at 86, indicating overbought conditions, and wait-and-see investors could consider a drop to the Fibonacci level at $0.022.
Sui (SUI) is down slightly on Tuesday, under 0.50%, but boasts an 11% gain from Monday. SUI recently broke through a resistance trendline formed by highs set on May 12 and June 10 and is now aiming to reclaim the $4 mark as well as the 78.6% Fibonacci retracement level at $4.20. If SUI breaks above $4.20, the rally could extend to the high of $5.36 on January 6th. The RSI for SUI is currently at 70 and the MACD is showing bullish momentum; however, a decline could result in a retest of the 50-day EMA at $3.13.
At a time when Bitcoin is experiencing declines, XCN, PENGU and SUI show that there are also positive developments in the altcoin sector. The market dynamics remain exciting and could soon change given current trends, making investors take notice.
For more details visit the articles on fxstreet.de.com and fxstreet.com.