Crypto Projects Solana, Sui, Ethereum Gain Institutional Trust Despite Recent Declines

Three emerging crypto projects—Solana (SOL), Sui, and Ethereum (ETH)—are gaining significant traction from institutional investors, notably BlackRock and Franklin Templeton. These projects are quietly earning trust from some of the most influential financial players, positioning themselves for potential growth in the crypto market.

Solana (SOL) has experienced a sustained decline over the past month, with a drop of 16.89% and a broader decrease of 34.52% over the previous six months. The coin’s price behavior reflects a steady fall without any major rebounds, indicating pressure from broader market forces and a general reluctance among buyers to drive prices higher. Currently, SOL trades within a range of $136 to $182.20, with key support at $115.84 and resistance at $207.90. Technical indicators point to a bearish bias, with the Awesome Oscillator registering -9.18 and a Momentum Indicator at -6.40. The RSI lingers at 39.67, suggesting potential for oversold conditions without a solid bullish recovery. Bears are presently in control, although the price’s proximity to vital support could invite short-term buying interest.

Sui’s price trajectory shows a clear downward trend over recent months, with a one-month drop of 22.18% and a six-month decline of 36.31%. The coin has moved between $2.77 and $4.01, reflecting consistent pressure on price that has intensified over the half-year period. These figures indicate a significant sell-off and a lack of strong buying support over these time frames, resulting in steadily lower levels and increased volatility. Sui currently trades within a range where its vitality is tested by key support around $2.29 and resistance near $4.77, with a secondary safety net at $1.05 and further resistance pushing up to $6.01. Bears appear to dominate, as indicated by a negative Awesome Oscillator and a slightly bearish Momentum Indicator. The RSI hints at potential oversold conditions, suggesting a possible upward bounce if buyers step in near support. Trading within these levels requires caution, with opportunities to buy on dips near $2.29 and to consider short positions if the price approaches $4.77 resistance without breaking higher.

Ethereum (ETH) dropped roughly 2.12% over the past month and faced a sharper decline of about 35.49% over six months. Price behavior shows a period of drop in investor confidence and increased volatility, highlighting a market that has been under pressure. The movement over these periods reflects a cautious investor stance and a lack of strong upward momentum, with noticeable weaknesses affecting overall sentiment throughout recent trading sessions. Currently, Ethereum trades within a range from around $1923.57 to $2961.91, with a primary resistance near $3395.40 and support near $1318.72. The market lacks a clear trend, leaning toward bearish sentiment as indicated by the RSI near 50.70 and negative momentum. Trading strategies should focus on buying near support and selling near resistance, specifically looking to initiate positions close to $1318.72 and targeting initial resistance at $3395.40, while staying alert for potential breakout signals.

Ask Aime: Are Solana, Sui, and Ethereum's recent declines justified?

These projects provide promising technology and reliability that could shape the future of crypto investments. Notably, their innovation and growth are attracting serious attention in the financial sector. As a result, they may well become leading players in the crypto market. The trust and investment from major institutional players like BlackRock and Franklin Templeton further validate their potential, positioning them as the next crypto giants.