{"id":4429,"date":"2025-06-29T18:03:04","date_gmt":"2025-06-29T18:03:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/top-cryptocurrencies-to-watch-this-week-bitcoin-sui-sonic\/"},"modified":"2025-06-29T18:03:12","modified_gmt":"2025-06-29T18:03:12","slug":"top-cryptocurrencies-to-watch-this-week-bitcoin-sui-sonic","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/top-cryptocurrencies-to-watch-this-week-bitcoin-sui-sonic\/","title":{"rendered":"Top cryptocurrencies to watch this week: Bitcoin, Sui, Sonic"},"content":{"rendered":"
\n

All eyes are on Sui this week as the Layer-1 blockchain prepares for a major token unlock that could reshape its near-term price action.<\/p>\n

While Bitcoin (BTC) flirts with a breakout past $107,000 and ETF inflows near $50 billion, Sui (SUI) is drawing heightened scrutiny ahead of its July 1 unlock of 5.22 billion tokens\u2014worth over $154 million, or 1.63% of total supply. This recurring monthly event, scheduled to continue through 2030, has become a significant driver of volatility. <\/p>\n

Technical indicators point to further downside as SUI trades below its 50-day moving average within a descending channel. With the price hovering near the $2 support level, traders are bracing for movement. Meanwhile, broader market sentiment remains mixed as macro data, including U.S. nonfarm payrolls and trade updates, loom. <\/p>\n

Sonic (S) is also in focus ahead of the latest U.S. nonfarm payroll data, to be released on July 3.<\/p>\n

<\/p>\n

Bitcoin price eyes a major breakout<\/h2>\n

Bitcoin will be one of the top cryptocurrencies as its ETF inflows surge and as it eyes a bullish breakout. Data shows that Bitcoin ETF inflows jumped by over $2.2 billion last week, its third consecutive week of gains. This growth resulted in cumulative inflows of nearly $50 billion.\u00a0<\/p>\n

Technical indicators suggest that the Bitcoin price is eyeing a bullish breakout to its all-time high, which may occur this week. It has formed a bullish flag and a cup-and-handle pattern, which often leads to more gains.\u00a0<\/p>\n

The distance between the upper side and the lower side of the cup is about 30%. Measuring the same distance from its upper side brings the target to about $145,000. Such a move will likely trigger a new crypto market bull run.<\/p>\n

<\/source><\/p>\n<\/picture>
Bitcoin price chart | Source: crypto.news<\/figcaption><\/figure>\n

<\/p>\n

Sui price at risk as a big unlock nears<\/h2>\n

Meanwhile, Sui, a top layer-2 network, will be in the spotlight as the Sui Foundation unlocks 5.22 billion tokens worth over $154 million, or 1.63% of the total supply.\u00a0<\/p>\n

Sui has a maximum supply limit of 10 billion tokens and a circulation of 3.39 billion. It unlocks over 55 million tokens on the first of every month, a trend that will continue until 2030.\u00a0<\/p>\n

Technicals show that the SUI price has moved below the 50-day moving average and has formed a descending channel. Therefore, the price may continue falling as traders eye the support at $2 ahead of the unlock event.<\/p>\n

<\/source>
\n\"Sui\n<\/picture>
Sui price chart | Source: crypto.news<\/figcaption><\/figure>\n

Sui is a Layer-1 blockchain designed for low-latency and scalable decentralized applications (dApps). It was created by Mysten Labs, a company founded in 2021 by former Meta (Facebook) engineers who had previously worked on the Diem blockchain and its smart contract language, Move.<\/p>\n

<\/p>\n

Sonic price prepares for a token unlock<\/h2>\n

Sonic, formerly known as Fantom, has been in a downtrend, with its token falling by 705 from its highest point this year.\u00a0<\/p>\n

The main catalyst for the Sonic price will be on Thursday, when the network unlocks tokens worth over $73.7 million, representing 7.50% of the total float. Sonic has a circulating supply of 2.88 billion against a total supply of 3.17 billion.\u00a0<\/p>\n

<\/source>
\n\"Sonic\n<\/picture>
S price chart | Source: crypto.news<\/figcaption><\/figure>\n

The 12-hour chart shows that the Sonic price has crashed from the year-to-date high of $0.9833 to the current $0.3166. It recently moved below the support at $0.3810, the lowest swing on April 8. It remains below the 50-period moving average.<\/p>\n

Therefore, the token will likely continue falling as sellers target the support at $0.20.<\/p>\n

Sonic came forth from the Fantom Foundation, led by DeFi developer Andre Cronje, and was unveiled<\/a> in early 2024.<\/p>\n

<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

All eyes are on Sui this week as the Layer-1 blockchain prepares for a major token unlock that could reshape its near-term price action. While Bitcoin (BTC) flirts with a…<\/p>\n","protected":false},"author":1,"featured_media":2625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=4429"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4429\/revisions"}],"predecessor-version":[{"id":4430,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4429\/revisions\/4430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2625"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}