{"id":623006,"date":"2025-01-31T09:15:57","date_gmt":"2025-01-31T09:15:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623006"},"modified":"2025-01-31T09:15:57","modified_gmt":"2025-01-31T09:15:57","slug":"sui-price-prediction-as-sui-rises-3-this-innovative-meme-index-token-ico-raises-over-3-1-million-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sui-price-prediction-as-sui-rises-3-this-innovative-meme-index-token-ico-raises-over-3-1-million-best-crypto-to-buy-now","title":{"rendered":"Sui Price Prediction: As SUI Rises 3%, This Innovative Meme Index Token ICO Raises Over $3.1 Million – Best Crypto To Buy Now?"},"content":{"rendered":"

The Sui price rose 3% in the last 24 hours to trade at $4.11 as of 11:25 p.m. EST on trading volume that surged 34% to $1.45 billion.<\/span><\/p>\n

Sui Price Poised For A Bullish Rally<\/b><\/h2>\n

The <\/span>SUI price<\/span><\/a> chart on the daily timeframe reveals a significant retracement after an impressive rally. The Sui price reached a local high of $5.30 before declining sharply. <\/span><\/p>\n

Currently, SUI is trading around $4.11, struggling to reclaim previous highs while testing key support levels.<\/span><\/p>\n

As a result of the downtrend from the resistance level, the price of SUI now trades below the 50-day Simple Moving Average (SMA), which acts as the immediate resistance in case of an uptrend at $4.49, according to <\/span>GeckoTerminal<\/span><\/a> data.<\/span><\/p>\n

Meanwhile, the Sui price, according to the Fibonacci Retracement levels, is testing the 0.382 Fibonacci level at $3.94, which provided strong support. <\/span><\/p>\n

The next key levels to watch are 0.5 Fib at $3.52 and 0.618 Fib at $3.10, which could act as further support in case of another leg down. Another resistance level is at the 0.236 Fib level ($4.46), which needs to be reclaimed for a bullish recovery.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 45.62, indicating neutral to slightly bearish momentum. If the RSI dips further below 40, it could signal oversold conditions, potentially leading to a rebound.<\/span><\/p>\n

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

SUI Price Prediction<\/b><\/h2>\n

The current Sui price market structure suggests a neutral-to-bearish outlook in the short term, with the potential for recovery if key resistance levels are broken.<\/span><\/p>\n

If SUI reclaims $4.46 (0.236 Fib level) and breaks above the 50-day SMA at $4.49, the price could target $5.30 again, with a further extension towards $6+ if momentum strengthens.<\/span><\/p>\n

A failure to hold the $3.94 support (0.382 Fib) could lead to further downside, with potential targets at $3.52 (0.5 Fib) and $3.10 (0.618 Fib).<\/span><\/p>\n

As the Sui price rises, investors are also buying into a new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a>. According to crypto analyst and YouTuber Jacob Bury, who has over 54.9k subscribers, MEMEX has the potential to be the next 10x crypto.<\/span><\/p>\n