Crypto markets enter a pivotal week with the Fed meeting, major token unlocks, SUI price levels and protocol launches all in focus for traders.
The crypto market enters a pivotal week with macroeconomic decisions, major token unlocks, protocol launches, and industry conferences all converging within days.
Traders and investors are preparing for heightened volatility as several high-impact events could shape sentiment across Bitcoin, Ethereum, and the broader digital asset market.
FOMC Interest Rate Decision (July 28–29): One of the biggest events that the crypto market awaits is the US Federal Reserve meeting for its July monetary policy meeting.
The rate decision and press conference on Wednesday, July 29, will be a primary driver for risk-on assets, including Bitcoin and broader crypto liquidity.
At the moment, the market seems to be accepting the premise of no rate hike, with 66.3% of predictions favouring interest rates to stay at 3.50%-3.75%. The remaining 33.7% predictions suggest the US could see a rate hike after over 3 years.
More than $600+ millionin digital assets will be unlocked and added to circulation this week. Major cliff unlocks to keep on your radar include:
SUI remains under pressure after failing to sustain gains above the 23.6% Fibonacci retracement at $75 and facing rejection near $76. The price now trades below the EMA, signaling weakening momentum. Immediate support sits at $71, followed by $70. A rebound above $75 could target $76 before challenging $78.
The Fibonacci retracement shows price holding above the 61.8% level at $70, while the 78.6% level at $68 remains the key invalidation zone. If $70 breaks, sellers could push SUI toward $68. However, reclaiming $75 would invalidate the short-term bearish outlook and strengthen the case for a move toward $78.
With monetary policy, token supply expansions, and major ecosystem developments unfolding simultaneously, this week could prove decisive for crypto markets.
Whether industry events create opportunities and drive volatility in the crypto market remains to be seen.
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