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The Sui price prediction shows that SUI could be ready for the uptrend, and it may fundamentally break above $7.0 respectively.
Sui Prediction Statistics Data:
- Sui price now – $1.78
- Sui market cap – $4.7 billion
- Sui circulating supply – 2.6 billion
- Sui total supply – 10 million
- Sui Coinmarketcap ranking – #21
Timing is crucial 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.
SUI/USD Market
Key Levels:
Resistance levels: $2.20, $2.40, $2.60
Support levels: $1.40, $1.20, $1.00
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 has likely been fueled 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
The Sui price is looking green today, if the buyers continue to grind 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 $1.00.
SUI/BTC May Create Additional Gains
Against Bitcoin, the daily chart shows that the Sui price is attempting to stay above the 9-day and 21-day moving averages. As soon as the price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 3000 SAT level. If the price keeps rising, it could even break the 3500 SAT and above.
However, if bears regroup and slide below the 9-day and 21-day moving averages, 2500 SAT support may play out before rolling to the critical support at 2000 SAT and below. Meanwhile, the buyers are dominating the market as the 9-day MA keeps hovering above the 21-day MA, suggesting bullish movement.
Meanwhile, @CryptoBull_360 shared an analysis with over 10k followers on X (formerly Twitter), highlighting that #SUI is gaining bullish momentum from a rising wedge pattern on the hourly timeframe. A strong breakout from the PoC value zone and horizontal resistance could trigger a significant bullish rally toward the identified targets. With rising volume and increasing momentum, this is a setup to watch closely ✅.
#SUI gaining bullish traction from rising wedge pattern in hourly TF, Strong flip off from PoC value zone + horizontal resistance zone will trigger massive bullish rally towards the depicted targets, Volume rising as good momentum, Keep an eye on✅$SUI #SUIUSDT pic.twitter.com/pmkkzfh0uk
— CryptoBull_360 (@CryptoBull_360) September 29, 2024
Alternatives to SUI
Analyzing the daily chart, SUI appears to have solid 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 $4.7 billion market cap, its influence may be diminished relative to its size. In contrast, the growing interest in Pepe Unchained ($PEPU) has been fueled by its presale, which has now exceeded $16 million in activity. Analysts suggest that Pepe Unchained could mirror the success of Pepe, potentially driving significant price growth.
Pepe Rally Could Send Pepe Unchained Soaring In Price
Pepe Unchained presents a unique investment opportunity as it rides the wave of meme coin success, backed by strong tokenomics and growing market momentum. With over $16 million raised in presale and the potential for 20x to 100x gains, Pepe Unchained is poised to outperform, especially as it builds on the growing hype surrounding its predecessor, Pepe. With the crypto market entering a historically bullish fourth quarter, now is the time to capitalize on Pepe Unchained’s early growth potential before its price soars.
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