Crypto Price Analysis: SYS, SUI, AKRO, BOND, PI Network Coin

Key Takeaways:

• The uptick in the crypto market on Aug 29 might be ubiquitous, but continuation is not warranted.
• Syscoin and Akropolis look bullish in the future.
• Sui coin and BarnBridge could slump lower, which Pi Network prediction is not certain.

YEREVAN (CoinChapter.com) — The crypto market experienced a mild, Bitcoin-led recovery on Aug 29, as the flagship digital asset printed a 5% green candle on the charts.

Many low-market cap altcoins followed suit, in some cases reaching three-digit gains. Here are the price predictions for Syscoin (SYS), SUI, Akropolis (AKRO), BarnBridge (BOND), and Pi Network (PI) coin.

#1 Syscoin (SYS) coin price eyes an 82% pump in bullish technicals

Syscoin, a fork of Bitcoin in 2014, saw its SYS token add 30% to its valuation in the previous 48 hours, reaching $0.1 ahead of the New York session on Aug 29. The token then retested a significant resistance level, relevant since early Feb 2023.

In detail, the SYS token traded within a falling wedge formation featuring the mentioned resistance and a support line. The converging trendlines take the coin value incrementally lower while connecting the swing highs and lows.

Notably, the falling wedge is a bullish reversal pattern that forecasts a breakout equal to the maximal formation height. Thus, the target price for SYS would be $0.18, or over 80% higher than the current value.

While a bullish continuation is not a given, the Syscoin trading volumes exploded a whopping 2,800% in 24 hours, pumping the coin’s market cap by 29% in the same time frame.

#2 Sui coin bulls pushed a 3% uptick, but reversal looms

Sui’s same-named token traded at $0.52 ahead of the New York session after 3% Bitcoin-led intraday gains. However, several technicals point to a possible reversal in the upcoming sessions. For example, the token has been trading within a rising triangle pattern since Aug 17.

While the flat resistance and the up-sloping support prevent sharp drops, a rising triangle can occur in a downtrend. In that case, the setup predicts losses equal to the formation height. SUI/USDT price action confirmed the triangle on Aug 28, pinning the target price at $0.41, or 20% lower than the current level.

#3 Akropolis (AKRO) coin price exploded 300% in a month

Akropolis token AKRO traded at $0.017 on Aug 29, after a 14% intraday setback that followed a 310% month-over-month rally and a 21-month high of $0.020.

The token traded above its 20,50,100, and 200-day exponential moving averages, and the project’s market cap increased by 25% in the previous 24 hours, along with a 76% increase in trading volumes.

While the trading volume increase is impressive, combined with the moderate price drop, it could indicate traders’ willingness to sell the coin and secure their recent gains. The upcoming sessions will show if AKRO bulls will stall or pull another increase.

#4 BarnBridge (BOND) price slumped to its all-time low before a 5% uptick

BOND coin traded at $2.22 on Aug 29, after a moderate 5% intraday gain. However, the said green candle came as a part of a wider bearish trend, which took the BarnBridge token 90% below its Aug 2022 peak.

Considering the latest delisting of BOND from Coinbase, the token is unlikely to recover anytime soon. Even if the Bitcoin rally continues, ardBridge bulls must push harder to achieve an uptrend.

#5 Pi Network coin price doubles in a week

Pi Network’s same-named coin traded at $51.2 on Aug 29, after a 15% intraday slide. However, the token reached and surpassed a previously set bullish target of $41.3 and briefly peaked at a 6-month high of $62 on Aug 25, bringing its month-to-date gains to 150%.

The trading volumes for PI remained relatively tame, with an uptrend below 0.25% in the previous 24 hours.