SUI Price Soars 600%, Targets To Hit $5?
The post SUI Price Soars 600%, Targets To Hit $5? appeared first on Coinpedia Fintech News
Story Highlights- The Sui price achieved a new ATH of $3.51.
- Technical indicators hint at a potential surge toward a high target price.
- EMA 50-day records a strong bullish support in the daily time frame.
The Sui cryptocurrency has successfully achieved a new all-time high (ATH) of $3.51 during the early Asian trading hours. With this, this altcoin has set a new milestone in the crypto space.
Amid the ongoing bullish rally for the Sui (SUI) token, will this altcoin head toward its upper target price of $4 this month? In this article, CoinPedia has uncovered the possible mysteries!
Sui Coin Price On The Verge Of Achieving A New High!With an intraday surge of ~3%, the Sui price is currently valued at $3.4130 with a trading volume of $1.98 billion. Moreover, with the recent price surge, it has successfully reclaimed the 14th position in the market.
TradingView: SUI/USDT
Furthermore, this altcoin has soared ~50% in the last seven days and 65.37% during the past 30 days. With a YTD return of +337.56%, this altcoin has a market capitalization of $9.695 billion.
Sui Token Technical SentimentsThe Relative Strength Index (RSI) continues trading above the overbought range in the 1D time frame. This suggests an increase in the buying-over-selling pressure for the altcoin in the crypto market.
Further, the EMA 50-day trendline constantly supports the Sui price chart with the 200-day trendline recording a bullish rise. This suggests that the altcoin may continue gaining value in the upcoming time.
Will SUI Price Hit $4 This November?If the bulls continue gaining momentum, the SUI coin price will retest its resistance level of $3.50. Maintaining the price above that level could set the stage for it to head toward its upper target price of $4 this month.
On the flip side, a bearish reversal could pull the price toward its support level of $3. Moreover, if the bulls fail to regain momentum at that point, this could result in this altcoin plunging toward its lower support level of $2.5 this month.
Amid rising volatility in the crypto market, will this altcoin achieve a high of $4 this month? Find out by reading CoinPedia’s Sui Price Prediction, and also subscribe to us to stay updated on the latest crypto news!
FAQs Will the Sui price fall again?A bearish pullback could result in this altcoin retesting its lower support level of $2.5.
How high can the SUI price go?If the bullish sentiment sustains, the Sui crypto price could head toward its $4 mark.
Why is the SUI price rising?With the latest announcement of integration with Google Cloud, the Sui price has experienced a significant uptrend in its value.