{"id":583285,"date":"2024-10-03T14:03:14","date_gmt":"2024-10-03T14:03:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=583285"},"modified":"2024-10-03T14:03:14","modified_gmt":"2024-10-03T14:03:14","slug":"sui-price-prediction-sui-surges-13-in-a-week-despite-escalating-israel-iran-tensions-as-experts-say-this-is-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sui-price-prediction-sui-surges-13-in-a-week-despite-escalating-israel-iran-tensions-as-experts-say-this-is-the-best-crypto-to-buy-now","title":{"rendered":"Sui Price Prediction: SUI Surges 13% In A Week Despite Escalating Middle East Tensions As Experts Say This Is The Best Crypto To Buy Now"},"content":{"rendered":"

The Sui price surged 13% in a week despite dropping 3% in the last 24 hours <\/span>to trade at $1.90<\/span><\/a> as of 03:24 a.m. EST on trading volume that fell 16% to $1.4 billion.<\/span><\/p>\n

This comes as Bitcoin and many other cryptocurrencies slump amid concerns over rising tensions in the Middle East as Israel vows to make Iran pay for a missile attack, dampening optimism over a possible Uptober bull run.<\/span><\/p>\n

Sui Price To Continue Soaring<\/h2>\n

The Sui price has been on a sustained bullish rally, as the bulls took advantage of the consolidation phase within the $0.85 range, according to data from GeckoTerminal<\/a>.<\/span><\/p>\n

The trend, since mid-September, resulted in the price of Sui trading within a rising channel pattern as the bulls aim to sustain the trend.<\/span><\/p>\n

SUI now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) is moving towards the overbought region, currently at 56, indicating that the bulls are initiating a buying campaign.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) also trades above the neutral line, showing that the price of Sui is still on a sustained bullish stance. The blue MACD line also crosses above the orange signal line, confirming that the token is on a positive momentum to the upside.<\/span><\/p>\n

\"Sui
SUIUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Sui Price Prediction<\/h2>\n

According to the SUI\/USD chart analysis on the 4-hour timeframe, SUI is poised for a sustained bullish rally to the upside as the bulls aim for a rally above the rising channel pattern.<\/span><\/p>\n

Major indicators, including the MACD and RSI, show that SUI could still rally. Additionally, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.89, further cementing the bullish prospects.<\/span><\/p>\n

If the bulls maintain the bullish trend, the price of Sui could still soar, as they target $2.5.<\/span><\/p>\n

Conversely, if the bears take control of the price at this level, the cost of Sui could plunge back to the $1.2 support (200-day SMA).<\/span><\/p>\n

Meanwhile, investors may want to consider another project that’s following a rapidly rising trajectory: <\/span>Crypto All-Stars (STARS)<\/span><\/a>. This project has already blasted past the $1.9 million mark in its blockbuster presale.<\/span><\/p>\n

That’s a key reason why crypto YouTuber Jacob Bury, who has over 42K subscribers, believes that $STARS has the potential to increase 10X following its launch.<\/span><\/p>\n