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The Sui price prediction for SUI showcases a steady uptrend within an ascending channel, reflecting growing bullish momentum.
Sui Prediction Data:
- Sui price now – $5.14
- Sui market cap – $15.42 billion
- Sui circulating supply – 10 billion
- Sui total supply – 3 billion
- Sui Coinmarketcap ranking – #12
SUI’s journey highlights the potential of early investments in crypto projects, with its price surging an incredible 1027.31% since its all-time low of $0.3643 on October 19, 2023. Currently trading between $4.09 and $4.26 in the past 24 hours, SUI remains 16.7% below its all-time high of $4.93 reached just two weeks ago. This impressive growth underscores the value of spotting promising tokens early and holding them for long-term gains.
SUI/USD Market
Key Levels:
Resistance levels: $6.50, $6.60, $6.70
Support levels: $3.90, $3.80, $3.70
The daily chart shows the SUI/USD price trading within a well-defined ascending channel, currently positioned at $5.14 and supported by strong bullish momentum. The price has decisively broken above both the 9-day and 21-day moving averages, signaling sustained upward pressure and increasing trading volume. With resistance at $6.50 acting as the next significant hurdle, a breakout could drive the price further along the channel. Conversely, failure to break above this level could result in a pullback toward the $3.90 support level, potentially testing the channel’s lower boundary.
Sui Price Prediction: SUI Breaks Above $5.20
The SUI/USD chart illustrates a continuation of the upward momentum within the ascending channel. The price has recently surged above the 9-day and 21-day moving averages (MAs), signaling strong bullish pressure. This breakout is supported by a notable increase in trading volume, suggesting that market participants are optimistic about further price gains. The current price level of $5.14 is approaching the next significant resistance levels at $6.50, $6.60, and $6.70. However, if the bullish momentum persists and the price breaks above $6.00, the market could target even higher levels within the ascending channel, continuing its long-term uptrend.
On that note, if the resistance at $6.00 proves too strong, the price might retrace back toward the 9-day MA or even the $3.90, $3.80, and $3.70 support levels at the bottom of the channel. A break below this support would signal a bearish reversal and could lead to further declines. For now, the market remains bullish as long as the price stays above the moving averages and within the ascending channel, with $6.00 being the key level to watch for the next major move.
SUI/BTC Faces the Upside
The SUI/BTC daily chart shows strong bullish momentum as the pair trades within an ascending channel. Currently, the price is at 5232 SAT, reflecting a solid uptrend supported by the 9-day and 21-day moving averages (MAs). The price is well above these MAs, indicating a continuation of the bullish sentiment. The next major resistance is at 6200 SAT and above, a critical level to watch. If the price breaks through this resistance with strong buying pressure, the upward momentum could accelerate further, pushing the pair to new highs within the channel. The increasing volume adds confidence to this bullish setup, indicating sustained interest in the pair.
On the downside, a potential rejection from 6000 SAT could result in a pullback toward the key support at 4400 SAT and below. This level coincides with the lower boundary of the ascending channel and the 21-day MA, making it a strong support zone. A breakdown below this level could signal a reversal of the trend. Traders should remain vigilant and observe the price behavior around 6200 SAT and 4400 SAT, with volume and momentum indicators providing additional confirmation of the next significant move.
Meanwhile, @RaoulGMI shared with his over 1 million followers on X (formerly Twitter) that $SUI is pushing against its resistance level, suggesting that a breakthrough could propel it into hyperspace.
$SUI pressing its nose against the ceiling… after this it should go into hyperspace. cc @blknoiz06 pic.twitter.com/Qrq004PAZe
— Raoul Pal (@RaoulGMI) January 3, 2025
Sui Alternatives
The SUI/USD chart shows an ascending channel, with the price near the $5.30 resistance level, suggesting a potential rebound toward the $6.00 resistance if the $4.85 support holds. Meanwhile, a breakdown below $4.00 could signal bearish momentum and further price declines. However, Wall Street Pepe, a meme-based cryptocurrency, has been making headlines due to its explosive presale performance, surpassing $40 million in funds raised. With a current daily presale activity between $500,000 and $1 million, the coin is outpacing expectations and may conclude its presale ahead of schedule, potentially by February.
Wall Street Pepe Selling So Fast It Will Launch Early
Early investors can secure tokens at a lower price before the anticipated price increase upon reaching key funding thresholds. The project’s rapid growth mirrors the success of previous meme coins like Pepe Unchained, which delivered substantial returns shortly after launch. Wall Street Pepe aims to empower its community with unique trading insights exclusive to token holders, fostering excitement reminiscent of the Wall Street Bets movement.
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