Sui Price Prediction for Today, April 1 – SUI Technical Analysis

The Sui price prediction indicates that SUI is holding its ground as bullish sentiment persists, with a strong inclination towards upward movement.

SUI Community Access Program Incentive: A Potential Rally Catalyst

The Sui network has slated a token unlock event for April 3, during which 34.62 million SUI tokens, valued at $66.8 million based on current rates, will be designated for the network’s community access program. These tokens represent 2.7% of the ecosystem’s circulating supply.

Sui Prediction Statistics Data:

• Sui price now – $1.96
• Sui market cap – $2.5 billion
• Sui circulating supply – 1.2 billion
• Sui total supply – 10 billion
• Sui Coinmarketcap ranking – #51

SUI/USD Market

Key Levels:

Resistance levels: $2.50, $2.55, $3.00

Support levels: $1.50, $1.45, $1.40

After touching the daily low at $1.80, SUI/USD still undergoes a much-needed break to the positive side by posting a tremendous gain of over 2.30%, with the coin trying to cross and stay above the 9-day and 21-day moving averages.

Sui Price Prediction: Where will SUI Price Go Next?

The Sui price may continue with the bullish movement after touching the daily high of $2.02 during the European session today. The coin is now roaming above the 9-day moving average to continue a movement toward the resistance level of $2.20. Looking at the daily chart, traders can see the trading volume is rising as this may cause the bulls to increase the buying pressure.

Meanwhile, if SUI /USD decides to stay under the control of bears, the price may likely fall below the lower boundary of the channel which could hit the supports at $1.50, $1.45, and $1.40. But as the 9-day moving average keeps hovering above the 21-day moving average, this may push the coin toward the potential resistance levels at $2.50, $2.55, and $3.00.

SUI/BTC Could Trade Bullishly

Against Bitcoin, the Sui (SUI) begins to spike north as the coin moves above the 9-day and 21-day moving averages. Meanwhile, if the sellers step back into the market and drag the coin below the moving averages, SUI/BTC could fall toward the nearest support level of 2200 SAT while the critical support level could be located below the lower boundary of the channel at 2000 SAT and below.

However, as the coin heads to the upside, any bullish cross above the upper boundary of the channel could find a resistance level of 3600 SAT and above. Meanwhile, the coin is currently changing hands at 2813 SAT, but the 9-day MA remains above the 21-day MA, which is likely to increase the bullish movement within the channel.

However, @suliantoip shared insights with his 16.5k followers on X (formerly Twitter), suggesting that $SUI appeared to be exhibiting a bullish divergence on the D1 timeframe. This pattern could potentially propel the price up to $2.3 soon.

$SUI seemed to be forming a bullish divergence on the D1 timeframe. Could possibly drive up to $2.3 sooner or later. https://t.co/4vfYo1AaVC pic.twitter.com/TrtJFly5E2

— Sulianto Indria Putra (@suliantoip) April 1, 2024

SUI Alternatives

Sui is approaching the $1.96 resistance level while showing signs of an upward trend from $1.80. Traders are watching for a breakthrough at $2.20 for a potential market rally. Despite Sui’s $2.5 billion market cap, its significance may be overshadowed by its large size. In contrast, the Bitcoin Minetrix token, with over $12.8 million secured in its presale, presents a promising opportunity for amplified returns in the cryptocurrency market.

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