Price Analysis
  • Elena R
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    Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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SUI Price To 2X This AltSeason As Technical Indicators Turn Bullish?

Story Highlights
  • The Sui price today experienced a pullback of 4.84% with an intraday trading volume of $2.410 billion.

  • The technical indicators SMA & MACD record increased bullish action, hinting at a higher price target.

  • In case of a bearish reversal, crucial watch levels are $4.40 and $4.00.

The Sui token has gained significant attention in the crypto market with its impressive price rally of over 800% in about 100 days. Notably, this altcoin has surged ~120% since 01st November, highlighting increased adoption.

However, investors are curious to understand whatโ€™s fueling the Sui price rally this month. Further, with the Sui price mirroring Solanaโ€™s 2021 bull run, investors are closely watching the price movement of this crypto.

SUI Price Records a Correction After Hitting A New ATH!

Despite recording a minor correction in the past 24 hours with a trading volume of $2.381 billion, this altcoin has surged 54.39% over the last 30 days. Moreover, it has outperformed top cryptocurrencies by adding over 800% to its portfolio since its August low.

The Moving Average Convergence Divergence (MACD) shows a rising green histogram in the 1D time frame. Further, its averages record a bullish convergence in the Sui price chart. This indicates a strong buying pressure for the altcoin in the cryptocurrency market.

Moreover, the SMA indicator acts as a support to the 16th largest crypto token for over a month, suggesting a bullish outlook for the altcoin in the long-term prospects.

Will SUI Price Hit $5 This Week?

If the bulls regain momentum, the Sui price will prepare to retest its resistance of $4.75. Maintaining the price at that level could set the stage for this altcoin to smash the $5 mark and head toward its upper price target of $5.25 this month.

On the contrary, if a bearish trend reversal occurs, the Sui crypto token could retest its $4.4 level. Furthermore, if the bearish sentiment intensifies, this could result in it plunging toward its low of $4.

Wondering if the Sui price will reach $10 this altcoin season? Read CoinPediaโ€™s Sui Price Prediction to uncover the possible mysteries until 2030!

FAQs

What is Sui news today?

After recording a new ATH of $4.86 yesterday, the Sui price has dropped ~5% in 24 hours.

What is the sui price?

With a 24-hour trading volume of $2.362 billion, the Sui price is presently exchanging hands at $4.6058.

How high will Sui go?

With increased adoption, the Sui coin price may reach a high of $23.77 by 2030.

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