Today's top rising Crypto Assets price prediction: XCN, PENGU, SUI maintain their rise momentum, ignoring Bitcoin's fall below $119,000.

Bitcoin (BTC) took a breather after setting a historical high of $123,000 at the start of the week, and today (15th) it has pulled back to below $119,000 during the Asian session. Top altcoins also experienced a similar pullback, while Onyxcoin (XCN), Pudgy Penguins (Pengu), and Sui (SUI) maintained a bullish momentum, indicating that if Bitcoin finds a support level, the price will rise further.

XCN trendline breakout rebounds to key resistance level

FXStreet analyst Vishal Dixit stated that as of Tuesday's press release, the price of XCN has slightly dropped by 2%, while it surged 13% the day before. XCN rebounded from the 200-day Exponential Moving Average (EMA) and broke through the resistance trend line formed by connecting the peaks of January 26 and May 16.

The breakout rebound struggles to surpass the 50% Fibonacci pullback level of $0.019, which comes from the peak of $0.050 on January 26 and the low of $0.007 on April 7. If it decisively closes above this level, the rebound of XCN may extend to the peak of $0.029 on April 11.

The Moving Average Convergence/Divergence (MACD) indicator shows that the MACD is in a positive trend, and the signal line crosses above the zero line, suggesting a trend reversal.

The Relative Strength Index (RSI) has fallen from the overbought zone to 67, indicating that the bullish momentum has slightly decreased with the intraday pullback.

If XCN reverses from the 50% Fibonacci level of $0.019, it could lead to a retest of the 50-day EMA at $0.015.

(Source: Trading View)

The trend reversal of PENGU is approaching a key resistance level

The trend reversal bounce of PENGU has held the level of $0.030, maintaining a 28% pump since Sunday. As of the time of writing this article, PENGU has risen 2% on Tuesday, trading between the Fibonacci pullback levels of 61.8% and 78.6%, which are $0.022 and $0.037 respectively. These two pullback levels come from the high of $0.070 on December 17 and the low of $0.003 on April 9.

Investors on the sidelines can wait for a definitive closing price breakthrough of $0.037 to confirm upward opportunities, with the next target being the psychological level of $0.050.

The 50-day EMA breaking above the 200-day EMA signifies a golden cross, which is typically regarded as a trend reversal signal.

Momentum indicators, such as the MACD with rising green histogram bars and the RSI indicating an overbought condition at 86, highlight a bullish bias.

If Pengu fails to maintain this momentum, it may retest the 61.8% Fibonacci level at $0.022.

(Source: Trading View)

SUI bullish momentum is expected to further break through 4 dollars

As of Tuesday's press release, the SUI price has slightly decreased by less than 0.50%, compared to an increase of 11% on Monday. The altcoin broke through the resistance trend line connecting the highs of May 12 and June 10 on Wednesday.

SUI is just one step away from reclaiming the milestone of 4 USD, with the bullish target set at the 78.6% Fibonacci pullback level of 4.20 USD, which is the level that dropped from 5.36 USD on January 6 to 1.71 USD on April 7. If this level can be broken, a breakout rally may continue to the peak of 5.36 USD on January 6.

The 50-day and 100-day moving averages are gradually approaching a bullish crossover, which is a positive signal for buyers. The RSI has reached the overbought threshold at 70, and the MACD indicator shows that the green histogram is on an upward trend, indicating an increase in bullish momentum.

The downside is that SUI's reversal may retest the 50-day EMA at $3.13.

(Source: Trading View)