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The Sui price prediction is trading around the resistance level of $3.49 as the coin hovers around the 9-day moving average.
Sui Prediction Statistics Data:
- Sui price now – $3.49
- Sui market cap – $9.93 billion
- Sui circulating supply – 2.85 billion
- Sui total supply – 10 billion
- Sui Coinmarketcap ranking – #18
SUI demonstrates the value of early adoption in crypto, with its price surging an impressive +855.59% from its all-time low of $0.3643 on October 19, 2023. Despite trading below its all-time high of $3.93 (achieved on November 17, 2024), its current range between $3.36 and $3.55 highlights ongoing market interest. This performance underscores the potential rewards of identifying and investing in promising projects early, making SUI a noteworthy example of significant growth in the crypto space.
SUI/USD Market
Key Levels:
Resistance levels: $4.50, $4.55, $5.00
Support levels: $2.50, $2.45, $2.40
Looking at the daily chart, the market structure for SUI/USD appears favorable, showing classic signs of a bullish reversal. After testing and reclaiming the support at $3.00 and $2.95, the token exhibited a strong bounce, indicating robust buying interest. This pattern aligns with traditional reversal signals where the price dips below key support, gathers liquidity, and then reclaims the level to initiate upward momentum. Despite this bullish breakout above the downtrend, the broader market conditions, including Bitcoin’s price action, play a crucial role in determining the sustainability of SUI’s rally.
Sui Price Prediction: Sui (SUI) May Spike to the Upside
From a resistance perspective, the $3.40 – $3.50 range remains a critical zone to watch. If SUI fails to maintain above this level, it may pull back to consolidate or test lower support levels before any significant upward move. Conversely, a strong increase in trading volume from the $3.40 region could invalidate bearish expectations and set the stage for a move toward $4.00 or higher. However, given the current state of the market, consolidation seems more likely in the near term.
At the time of writing, the Sui price is currently exchanging hands at $3.49, and any attempt to make it cross below this level may likely open the doors for more downsides, and the price could spike below the $3.00 support level. However, traders may need to keep their eyes on $4.00 before creating a new bullish trend at the resistance levels of $4.50, $4.55, and $5.00. Meanwhile, it is likely for traders to experience a quick buy once the trade reaches the support at $2.80, but, if the price fails to rebound, a bearish breakdown would trigger more selling opportunities for the market, which might cause the price to locate the critical supports at $2.50, $2.45, and $2.40.
SUI/BTC Consolidates below the Moving Averages
Against Bitcoin, the Sui (SUI) is moving sideways within the channel. If the selling pressure resumes in the market, the Sui price may bring a new low into the market. Presently, the technical indicator the 9-day crosses below the 21-day moving average; more negative moves may come into play if the coin crosses below the lower boundary of the channel.
However, traders may expect close support below the moving averages at 3000 SAT SAT before breaking to 2700 SAT and below. Meanwhile, if a bullish movement surfaces, validating a break above the 21-day moving average may confirm a bullish movement, and the nearest resistance level may be located at 4700 SAT and above.
Nevertheless, with a following of over 144k on X (formerly Twitter), @CryptoBullet1 provided an insightful analysis of the $SUI 1D chart, emphasizing the importance of realistic expectations and healthy pullbacks. Based on their Elliott Wave (EW) count, the recent Wave 4 correction appears complete, setting the stage for a potential move toward the next target range of $4.7 to $5.2.
I know you guys wanna see 'up only' but let’s be realistic – pullbacks are healthy.
According to my EW count, we've finished this w4 small correction and we're heading off to my next target – $4.7-5.2 🎯 pic.twitter.com/YzUsdQKzJE
— CryptoBullet (@CryptoBullet1) November 26, 2024
Sui Alternatives
While SUI/USD hints at a potential bullish breakout, current market conditions favor a short-term consolidation phase. Meanwhile, Pepe Unchained is making significant strides in the cryptocurrency space, transitioning from a meme coin to a transformative project. With its ambitious Layer 2 blockchain ecosystem offering decentralized exchanges, bridges, staking rewards, and developer grants, it is positioning itself as a formidable player in the blockchain industry. The project has already raised over $58.6 million during its ongoing presale, reflecting robust investor confidence and market interest.
Pepe Unchained Just How High Can It Go If Demand Stays The Same
If it maintains its current momentum, Pepe Unchained has the potential to become a standout project in the crypto space, combining innovation with market demand to carve a niche in the competitive blockchain ecosystem. As it gears up for major exchange listings and a robust liquidity pool, early investors have the unique opportunity to capitalize on its rapid momentum and position themselves for significant returns. Don’t miss the chance to be part of a game-changing project with the potential to redefine the future of blockchain innovation.
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