The Sui price has maintained its bullish action by adding around 2% in the past day with a trading volume of $595.32 million.
Further, it has jumped 5% over the past week and 73.98% during the past month. Moreover, if the bulls outrun the bears, this could result in the crypto token retesting its all-time high of $3 and achieving a new high. Further, the RSI indicator has recorded a neutral trend with its average trendline hovering close to its overbought range in the SUI price chart.
SUI Crypto Retests Its Crucial Price Zone! On the other hand, if the bearish sentiment intensifies, the token could drop toward its crucial support level of $1.975.
Notably, if the bulls fail to regain momentum at that level, the Sui coin could further plunge toward its lower support level of $1.60. Despite bullish sentiment in the crypto space, the Sui token has dropped 12.49% from its all-time high (ATH) within 5 days. Concerned about the possibility of this altcoin achieving the $3 mark this year? Our SUI Price Prediction 2024 – 2030 provides an in-depth analysis of the future prospects of the Sui cryptocurrency.
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The altcoin slingshot around 405% from its August low to achieve a new all-time high of $2.36 on 14th October. The EMA 50/200-day continues recording a constant uptrend in the 1D time frame.
This highlights an boost in the buying-and-selling pressure for the Sui crypto token in the market. With a Year-to-Date (YTD) return of +165.36% and a market capitalization of $5.707 billion, the Sui cryptocurrency has claimed the title of the 18th largest cryptocurrency in the market. This suggests a bullish outlook for the 18th largest cryptocurrency this week.
However, if the market holds the price above the $2 level, the Sui crypto will retest its resistance level of $2.2.
