SUI Price Prediction: SUI (SUI) Trades Positively, Could It Fundamentally Break Above $7?

The Sui price prediction shows that SUI could be ready for the uptrend, and it may fundamentally break above $7.0 respectively.

Stay informed about the latest crypto news by joining our Telegram channel.

The Sui price prediction suggests that SUI might be set for the uptrend, and it could eventually break above the $7.0 price level respectively.

Here are some key Sui Prediction Statistics Data:

Timing is everything in crypto, and Sui’s impressive growth highlights why early involvement matters. Over the past 24 hours, it traded between $1.62 and $1.84, but since hitting its all-time low of $0.3643 in October 2023, it’s surged by 402.39%. While it’s currently 15.93% below its all-time high of $2.18 from March 2024, the overall upward trend showcases its strong potential for long-term investors.

Key Levels

Resistance levels: $2.20, $2.40, $2.60

Support levels: $1.40, $1.20, $1.00

The SUI/USD has shown remarkable bullish momentum, surging from $1.68 to near-all-time high levels in just under two months. This upward trend is likely being driven by market makers, whales, and aggressive marketing efforts. However, the rapid rise raises questions about the sustainability of this momentum, particularly with an upcoming token unlock event on the horizon.

Sui Price Prediction: Sui (SUI) Trades Positively

If the buyers continue to push higher, the first resistance level may come at $1.90 as this could also be followed by $2.10. However, additional resistance levels can then be found at $2.20, $2.40, and $2.60. On the other side, if the Sui price slides and heads toward the lower boundary of the channel, it could hit the first support level at $1.65.

Technically, SUI/USD is likely to pull back to its support range of $1.60 to $1.50, which could result in a correction of about 13%. While some might interpret this as a crash, it would not necessarily mean a longer-term bearish trend. For a significant downtrend to occur, SUI would need to break below the $1.45 level, which could open the door to further declines toward the support levels of $1.40, $1.20, and $1.00.

SUI/BTC May Create Additional Gains

Against Bitcoin, the daily chart shows that the Sui price is attempting to stay above the 9-day and 21-day moving averages. As soon as the price stabilizes above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 3000 SAT level. If the price keeps rising, it could even break the 3500 SAT and above.

However, if bears regroup and slide below the 9-day and 21-day moving averages, 2500 SAT support may play out before rolling to the critical support at 2000 SAT and below. Meanwhile, the buyers are dominating the market as the 9-day MA keeps hovering above the 21-day MA, suggesting bullish movement.

Pepe Unchained Surges Past Pepe Coin In Presale, Potential For 20X-100X Gains

This is a snippet from a crypto analysis by @CryptoBull_360 shared with over 10k followers on X (formerly Twitter), highlighting that #SUI is gaining bullish momentum from a rising wedge pattern on the hourly timeframe. A strong breakout from the PoC value zone and horizontal resistance could trigger a significant bullish rally toward the identified targets. With rising volume and increasing momentum, this is a setup to watch closely ✅.

#SUI gaining bullish traction from rising wedge pattern in hourly TF, Strong flip off from PoC value zone horizontal resistance zone will trigger massive bullish rally towards the depicted targets, Volume rising as good momentum, Keep an eye on✅

$SUI #SUIUSDT pic.twitter.com/pmkkzfh0uk

— CryptoBull_360 (@CryptoBull_360) September 29, 2024

Alternatives to SUI

Analyzing the daily chart, SUI appears to have strong support at $1.75. If it maintains this level, consolidation is likely before the next bullish move. The key resistance levels to monitor are $1.85 and $1.95, which could serve as potential targets if the market remains stable. Despite SUI’s considerable $4.7 billion market cap, its influence may be diminished relative to its size. In contrast, the growing interest in Pepe Unchained

The above is the detailed content of SUI Price Prediction: SUI (SUI) Trades Positively, Could It Fundamentally Break Above $7?. For more information, please follow other related articles on the PHP Chinese website!