NEAR, SUI wedges point to altcoins bullish breakout as greed hits 83
Crypto traders are once again eyeing the charts for signs of an altcoins bullish breakout, and this time the attention has landed on NEAR and SUI. Both tokens are carving out falling wedge patterns that technical analysts typically read as a setup for a reversal higher, and the timing lines up with a broader market mood that’s leaning heavily toward optimism. With the CMC Crypto Fear and Greed Index sitting at 83, deep in “Extreme Greed” territory, the question isn’t just whether these two altcoins can break out, but whether the entire market is primed for a bigger move.
Key takeaways
- The CMC Crypto Fear and Greed Index reads 83, signaling “Extreme Greed” across the crypto market.
- Bitcoin trades near $80,500, sitting closer to the $100,000 mark than to $60,000, while Ethereum holds around $2,500.
- NEAR is consolidating at $1.95 inside a falling wedge, with a breakout zone between $1.90 and $2.00 and a projected target of $2.50.
- SUI trades at $0.82, defending support at $0.81, with a breakout above $0.83–0.84 potentially opening the door to $0.87.
- Analyst Doctor Profit, who called BTC’s bottom near $54,000, expects ETH to outperform BTC this cycle.
Crypto Market Sentiment and Major Asset Prices
Right now, sentiment across crypto markets is running hot. The CMC Crypto Fear and Greed Index sits at a score of 83, a reading that firmly qualifies as “Extreme Greed” and reflects how aggressively traders are positioning for further upside. That kind of reading usually shows up when momentum has been building for a while and buyers are chasing price rather than waiting on the sidelines.
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