SUI’s proximity to this support level raises concerns about its As October came to a close, the crypto market experienced a sharp correction, driven by Bitcoin's fall below the $70,000 threshold. Most cryptocurrencies faced significant declines during this period.
SUI, the native token of the Sui Network, mirrored the broader market trend, initially rising with
if buying interest increases, a pullback could formOver the past three months, SUI's price surged by over 400%, climbing from a low of $0.4623 to $2.3661 by October 13, 2024. This rally began with a breakout from a falling wedge pattern in August, followed by a strong consolidation around the $1 mark. This set the stage for a significant upward move
Can SUI Price Go Beyond $2?
SUI has had a robust Q3, with its price nearing $1.92 intraday. The momentum suggests it is poised for another push to break the $2 mark.
This seems achievable as both spot and derivatives markets show bullish indicators.
In the spot market, strong liquidity indicates high demand. While in the de
Sui Price Rallies 60%: Should Investors Lock in Gains or Hold foSui Price Rallies 60%: Should Investors Lock in Gains or Hold for More?
Sui price noted a strong rally gaining 60% in the last couple of weeks.
The weighted sentiment curve fell towards the zero line suggesting the investors are willing to sell after short-term gains.
A strong rally of over 60% se
driving SUI out of its previous consolidationSUI's price has surged 13% intraday and over 80% this week, largely due to the influence of Bitcoin and the Federal Reserve's actions.
The past 72 hours have been particularly impactful, driving SUI out of its previous consolidation range from August to early September.
Currently, SUI is trading a
a stronger rally towards the $2 mark may follow. At the end of the first quarter of 2024, SUI reached a peak of $2.18, marking an impressive gain of over 485% from the last quarter of 2023. This delighted its investors. However, under the change of circumstances, many investors took profits starting second quarter. The fall aligned with broader ma
Although the token resurged from lower levels with the liquidityWhy SUI Failed To Elevate Its Price Higher?
From the last quarter of 2023 to the first quarter of 2024, the price displayed magnificent gains of 490%. The run began from $0.3694 to $2.1851.
However, Since the end of March, and while entering the second quarter of 2024, the SUI token price violated
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy