Top Five Cryptocurrencies to Watch: BTC, SUI, ENA, DASH, QNT

Sui retraced from $1.78 to $1.69 on Sunday, marking a 5% loss. Prior to the decline, it was relatively stable on Saturday but wiped out Tuesday’s gain following its plunge.

The asset is yet to recover from its downtrend, as many would expect a trend reversal on Monday. It is down by 8%, but trades a few cents from its low. Nonetheless, its slow increase suggests that traders are still cautious about the next price direction.

The crypto market experienced a significant decline on Sunday, indicating that the downtrend was not a standalone event affecting only SUI. The global cryptocurrency market shed almost 2% on Sunday and had a similar decline in the early hours of Monday.

Crypto assets plummeted amid heightened geopolitical tensions. A few days ago, the US President threatened the EU with tariffs. The union released a statement on Sunday announcing plans to reciprocate.

Tensions remain high at the time of writing, and it appears both parties will move forward with the threats. As in 2025, the crypto market is sure to experience a significant decline in response to the tariffs.

If they take effect this week, several assets will plummet, possibly touching December lows. Nonetheless, several cryptocurrencies are recovering some of their losses. Let’s examine how some will perform over the next six days.

BTC/USD

Bitcoin is trading at $92,840 at the time of writing, indicating it has rebounded and recovered more than half of its earlier losses.

Monday’s price action is unfolding slowly following the earlier decline. While recovery is underway, its slow pace suggests that traders are not convinced that the worst is over.

Their fears are further aggravated by indicators on the 1-day chart, which print several sell signals. For example, the gap between the EMAs associated with the moving average convergence divergence is narrowing. A negative crossover is imminent and will happen within the next 24 hours if current market conditions persist.

While MACD prints a clear sell signal, the Bollinger bands suggest a slim chance of an uptrend this week. The apex coin briefly broke below the middle band a few hours ago but recovered. Its recent drop below the mark may not be alarming, as the chart depicts several instances where it has surged after rebounding.

If Bitcoin prints its first candle below the SMA, it would confirm the MACD signal. Tuesday’s price action may be the decider.

In either case, once the confirmation comes in, a slip below $90k within the next six days is almost inevitable.

SUI/USD

Sui retraced from $1.69 to a low of $1.51 on Monday. While it rebounded a few hours ago, it remains down by over 8%, its biggest single-day decline since Dec 1.

It is edging closer to registering its third consecutive day of decline, which may worsen as indicators flip negative. One such is MACD, which had a bearish crossover on Saturday. Traditionally, the asset may retrace even lower following the divergence.

However, the bollinger bands suggest that the decline may be minimal as the asset trades close to the lower band. In either case, further decline is almost inevitable.

The 1-day chart shows that SUI will slip below the lower band if it continues to decline. It would continue downward until the first demand concentration at $1.34. It would mean, in addition to the 8% decline on Monday, the asset may shed another 12% this week.

ENA/USD

Ethena edged closer to filling the fair value gap it created in October. It retraced to a low of $0.18 a few hours ago, shedding over 10%, but rebounded afterward. The asset has since pulled back more than half of the incurred losses.

Nonetheless, the 1-day chart shows that ENA has been on the decline since Wednesday, following its failed attempt at $0.26. In response to its constant decline, it dropped below the Bollinger’s lower band and may be due for further increases.

However, MACD suggests that the worst is yet to come. The metric had a negative crossover last week and has continued downward since then.

Taking into consideration readings from the moving average convergence divergence, ENA will plunge even lower. It may fill the FVG it created in October, potentially dropping as low as $0.15 in the coming days.

Nonetheless, there is notable demand concentration at $0.19. Although Ethena slipped below the mark, it previously served as a launchpad for an attempt at $0.25. If the bulls hold the support over the next two days, it may alter the bearish prediction.

DASH/USD

DASH was the top gainer last week, gaining a whopping 111% over the last seven days. Like SUI, it had its biggest climb on Tuesday when it surged by almost 50%.

Nonetheless, it printed its first red candle on Saturday after five days of consistent increases. It lost 13% two days ago but recovered on Sunday. However, Saturday’s dip may signal further decline ahead.

A closer look at the 1-day chart shows that the altcoin has since struggled to retest its previous high of $96. It has also registered a lower high on Sunday and may be edging closer to posting an even lower one on Monday.

Even worse, the asset is on the verge of printing a doji as it lost its upward momentum. Regarding indicators, the RSI shows the asset is overbought and due for a retracement. The downtrend is almost inevitable this week.

QNT/USD

Quant is trading at $80.6 at the time of writing, down from its high of $84.7. It currently prints a doji and may be heading for further decline in the coming days.

One indication of a significant downturn ahead is the bollinger bands. Since Saturday, it has broken above the upper band on three occasions. The 1-day chart shows several instances where prices plummeted after testing the upper band. The same trend may unfold over the next six days.

Nonetheless, the moving average convergence divergence is slightly bearish. It prints smaller bars, signaling a possible start to a negative crossover.

Based on previous price action, the asset may plummet, dropping below the middle band. It is worth noting that it has recently bounced off the mark. However, there is no demand concentration at the SMA. QNT may plunge to $70 before recovery this week. 

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