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The native SUI token is trading at $3.33, down by 3.89% in the last 24 hours. This is accompanied by a significant slump in trading volumes, now standing at $1.02 billion and down by 36.64%. The last seven days have seen the asset decline by 1.95%, indicating a minor pullback after a series of consistent […]
SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading: HYPE Confirms Strength With Solid Throwback Response Bullish Reversal? Market sentiment has been shifting as altcoins regain strength alongside Bitcoins consolidation above $95K. In this context, SUI has emerged as one of the stronger performers. Still, the challenge lies in clearing the $4 level with volume, which could unlock further upside potential and open the path toward price discovery. Top analyst Kaleo shared an insightful analysis on X, noting that SUI is gaining momentum and looks poised to reclaim the $4 mark soon. According to Kaleo, this level could act as the launchpad for the next leg higher, provided bulls maintain pressure and volume supports the move. With macro uncertainty still clouding the broader market, SUIs upcoming price action could serve as a barometer for altcoin strength in the near term. SUI Leads Altcoins As Bulls Target $4 SUI has emerged as one of the most resilient and promising Layer-1 (L1) blockchains in the current market cycle. A Layer-1 blockchain refers to the foundational network infrastructure of a blockchain ecosystemexamples include Ethereum, Solana, and now SUI. These platforms host smart contracts and decentralized applications (dApps), and their strength often defines how much developer activity and user engagement they attract. In this context, SUI is positioning itself as a serious contender in the competitive L1 space. Amid growing volatility and macroeconomic uncertainty, SUI has held up remarkably well, showing strength even as other altcoins remain trapped in consolidation. Its relative strength against Bitcoinoften a key indicator of altcoin momentumhas not gone unnoticed. Kaleo recently noted that SUI is displaying a solid performance versus BTC and appears ready to reclaim the $4 level, a major resistance area that has capped the upside for weeks. A clean break above $4 could trigger a broader rally, especially if market conditions remain favorable for altcoins. However, despite the bullish signals, risks remain high. Some analysts warn that the market could face another retrace as global tensions and uncertain liquidity conditions continue to shape sentiment. In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outperform other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours Demand Signals Growing Confidence With bullish structure intact and volume beginning to build, SUI could be one of the first major altcoins to lead the chargeif the breakout above $4 confirms. Price Holds Key Support Ahead Of Breakout Test SUI is currently trading at $3.46, holding firm above the 200-day moving average (MA), which sits around the $3.25 level. This key technical support has acted as a strong foundation during recent volatility, signaling that bulls still maintain control of the short-term structure. As long as SUI stays above this zone, the possibility of continuation remains intact. The next major hurdle lies at the $4 marka psychological and technical resistance level that has rejected price advances several times in recent weeks. A decisive breakout above $4, followed by a close above the $4.20 area, would confirm a bullish setup and could trigger further upside momentum toward new highs. However, caution is warranted. If SUI fails to reclaim $4 and slips below the $3.20 level, it may test deeper support near the $2.80 zone. Losing this range could shift sentiment and open the door to a broader correction, especially if weakness returns to the overall altcoin market. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge Smart Exit Or Profit-Taking? For now, bulls are in a position of strength, but confirmation requires sustained buying pressure and a clean breakout above overhead resistance. The coming sessions will be key in determining whether SUI can lead the next altcoin rally. Featured image from Dall-E, chart from TradingView
SUI is currently trading at $3.85, with a 1.66% gain over the past 24 hours. The trading volume, however, dropped by a considerable 17.58% to reach $904.19 million. SUI dropped by 3.27% over the period of a week, indicating reluctance in the markets in light of technological volatilities. SUI’s price, as per analysts DyorNetCrypto, has […]
SUI is currently trading at $3.89 and has gained 2.63% in a day with a high 24-hour volume of $1.68 billion, representing a 54.37% increase. The token is down by 1.37% in the last week, symbolizing a short-term correction in the midst of a larger bullish scenario. Technical analyst CurrencyWeirdo noted that SUI saw a […]
SUI is now on the move, as its movement suggests a bullish trend and marks the crucial entry zones. The token is moving up from its initial key support and experiencing a surge in its price after several weeks of market volatility triggered by macro factors. This setup may signal the beginning of asignificant price […]
Sui (SUI) is gaining momentum, showing strong bullish signals as it approaches a potential breakout. Over the past 24 hours, the token has surged by nearly 12%, capturing the attention of traders and investors. With a key support level holding and a major partnership announcement fueling excitement, the token could be on the verge of […]
Premium Signals has given detailed fundamental analysis of the SUI market pointing to the possibility of a reversal after a correction from the recent highs. The analysis points to a crucial point in the price action of SUI now trading above the significant support level that was an inflection point. This change may well be […]
SUI trades at crucial supply levels, sparking intense speculation among traders and analysts about its next move. After recently reaching a new all-time high (ATH), the price failed to sustain above its previous ATH, raising concerns about whether this was a genuine breakout or merely a fakeout. The current price action has left market participants waiting for confirmation as bulls attempt to reclaim dominance. Related Reading: Dogecoin Is Ready To Run Again Analyst Expects 60% Rally Renowned analyst and investor Carl Runefelt has shared a bullish outlook for SUI, predicting an imminent breakout. According to his analysis, a successful push above the current supply levels could trigger a rally toward $4.20 in the coming daysor potentially within hours. Runefelts perspective adds confidence to the market sentiment, suggesting that SUI still holds the potential to reclaim its upward trajectory despite recent setbacks. The coming days are crucial for SUI as traders monitor whether bulls can overcome the key resistance levels. A decisive breakout could solidify SUIs position as one of the most promising assets in the crypto market. At the same time, a failure to do so might result in prolonged consolidation or a deeper pullback. All eyes remain on the $4.20 target and SUIs bullish momentum. SUI Only 5% Away From ATH SUI recently surged to a new all-time high (ATH) but failed to hold above the previous ATH of $4.05 set on November 17. Despite this brief pullback, the price action indicates that SUI remains poised to reclaim and surpass its ATH, with analysts and investors expecting significant upside momentum shortly. Top analyst Carl Runefelt provided a detailed technical analysis on X, highlighting that SUI recently broke out of a 4-hour symmetrical triangle pattern, signaling bullish momentum. SUI trades within a bullish flag formation, a classic continuation pattern often preceding substantial price rallies. Runefelt has set a price target of $4.20 in the coming hours, which he believes could act as the next major resistance before SUI establishes new highs. The broader market environment adds further confidence to this bullish outlook. With strong momentum, Bitcoins breakout above the $100K level has historically triggered altcoin rallies as liquidity flows from BTC into smaller assets. This dynamic positions SUI for a potential surge as it benefits from heightened interest across the cryptocurrency market. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H What This Means To Price While the short-term outlook for SUI appears bullish, the price must break and hold above its previous ATH to confirm sustained upward momentum. All eyes are on $4.20 as traders await the next move in SUIs exciting rally. Price Discovery Rally Or Settling Correction? SUI is trading at $3.83 after briefly breaking its all-time high (ATH) but retracing over 6% from the recent peak. Despite the pullback, the price remains within striking distance of key resistance levels that could determine its next move. If SUI breaks above $3.88 and successfully reclaims the November 17 ATH at $3.94 as support, it will likely trigger another breakout, setting the stage for a price discovery rally. Reclaiming and holding these levels would signal strong bullish momentum, potentially driving SUI into uncharted territory as buyers fuel the next leg of its rally. Such a scenario would align with the broader market sentiment following Bitcoins recent rally above $100K, which has historically increased demand for altcoins. Related Reading: Dogecoin Whales Keep Buying DOGE Metrics Reveal Demand Remains Strong However, there is a risk if SUI fails to break above $3.88 and $3.94 in the near term. A rejection at these levels could result in continued consolidation as the price struggles to find direction. This would likely keep SUI trading within a range, frustrating bulls seeking a breakout. Worse, a failure to maintain support could lead to a deeper correction, testing lower demand zones and cooling market enthusiasm. Featured image from Dall-E, chart from TradingView
The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49. However, the token rebounded swiftly, stabilizing at approximately $4.55, representing a 12.8% increase from the weeks low and just 8.9% shy of its record price, SUI Surges Amid Market Volatility In stark contrast, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have continued to experience downward corrections following the US Federal Reserve’s (Fed)0 recent decision regarding interest rates. The Fed’s dovish stance has negatively impacted risk assets, contributing to a generally bearish sentiment in the market that led the markets leading crypto, to retrace almost 10% from the record high of $108,000. The volatility surrounding SUI led to nearly $14 million in liquidations across both long and short positions on centralized exchanges, with Binance reporting the highest liquidation rates within the past 24 hours, according to data from Coinalyze. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? Notably, recent analysis has indicated that Sui ranks third in net inflows over the past three months, with close to $1 billion entering the network, highlighting the growing investor interest in SUI, further bolstered by a new partnership with Phantom wallet. Crypto analyst Route 2 FI noted in a recent social media post on X (formerly Twitter), that the bullish reversal in SUI’s price indicated strong investor sentiment, culminating in the tokens record peak at the beginning of the week. Analyst Targets $6 As Market Momentum Builds Michael van de Poppe, another respected analyst, pointed out the substantial daily candle movement in SUI, emphasizing that the price dipped into support before quickly bouncing back. He expressed optimism that this trend is far from over, suggesting that SUI could continue its upward trajectory with a target of $6 in sight. The recent surge in SUI’s price is also expected to attract Bitcoin liquidity into its ecosystem, further enhancing the token’s bullish prospects. Technical analyst Rekt Capital highlighted that SUI has effectively executed a post-breakout retest from its re-accumulation range. Rekt also noted that strategic partnerships with Babylon Labs and Lombard Finance would facilitate the integration of Bitcoin liquidity, which could significantly benefit the Sui platform. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals The growing interest in SUI raises questions about its potential performance in 2025. However, crypto researcher Eyezenhour recently emphasized that while there are numerous reasons for optimism regarding SUIs future, the key factor is attention. The researcher contends that the Sui Network has started to captivate institutional investors, a trend attributed to its dominant technology, upcoming integrations with Phantom and Backpack, and a talented core and executive team. This is expected to continue throughout the current bullish cycle and into 2025, adding to the bullish sentiment for the altcoin as the year draws to a close. Featured image from DALL-E, chart from TradingView.com
SUI has been one of the few assets that appears to be having a lone bull run despite the struggle of certain cryptocurrencies in the market to reclaim their major highs. Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly touching its all-time high of $2.17 yesterday with a 24-hour high of $2.13. Although the asset is currently facing a price decline down by 4.3% in the past 24 hours with a current trading price of $1.99, a prominent crypto analyst known as CryptoBullet has taken to his X account to address investors on whether now is the best time to sell SUI. Related Reading: Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand Should You Sell Your SUI Now? While it may seem tempting for some to sell during this price dip, CryptoBullet suggests otherwise. The analyst noted, “I know it might be tempting to sell SUI here, but its the wrong timing imo [in my opinion].” The analyst explained that the crypto is experiencing its fourth test of the $2 level, a key technical point, adding that “the more times a level is tested, the more likely it is to break.” CryptoBullet believes this could indicate a bullish breakout, pointing to the formation of a Cup and Handle pattern. Additionally, CryptoBullet highlighted some of SUIs achievements that could further propel its bullish case. These include a market cap that nearly reached $6 billion, a transaction per second (TPS) rate exceeding 1,000 for the past three days, and SUI ranking as the second-largest non-EVM chain by total value locked (TVL) at $1.08 billion. Strong Growth Ahead For Ecosystem? Another crypto analyst known as ‘Easy’ on X echoed CryptoBullets optimism, comparing SUIs potential to Solanas meteoric rise in 2021. According to the analyst, “Sleeping on SUI is like sleeping on SOL in 2021.” He emphasized that SUIs metrics, including TVL and trading volume, are showing strong growth, which could indicate that the crypto is poised for a significant bull run. Related Reading: Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand The analyst also noted the rise of memecoins on the network, with some tokens seeing a minimum 250% increase in value over the last 24 hours. Sleeping on SUI, is like sleeping on SOL in 2021. SUI is going to dominate the entire bull run. All metrics are pointing to massive growth on the SUI ecosystem From TVL to Volume, it is gaining a level of traction that is unprecedented when compared to other blockchains. The pic.twitter.com/VfZ7DVZ1dz Easy (@EasyEatsBodega) October 7, 2024 It is easily concluded by expressing confidence in SUIs future growth, suggesting that the current price could be a “steal” for long-term investors. He revealed plans to accumulate more SUI on market dips, setting an ambitious price target of $10 for the asset. Featured image created with DALL-E, Chart from TradingView
SUI, the native token of the Sui Network, has seen a 13% pullback in the past seven days, halting its bullish rally. The cryptocurrency broke from a 1-month structure, fueling a bearish sentiment among market watchers, who foresee further downside for the token. SUI Loses Key Support Zone SUI has been on a downtrend this [...]
The post SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction appeared first on Crypto Breaking News.
SUI remains trading just above critical supports and the market is still waiting for any sign of recovery or reversal. In the recent X post, More Crypto Online also pointed out the key level of $1.84 to $1.74, which has recently acted as a support level. Nevertheless, a deeper zone of key support around $1.32 […]
Despite the SUI price dropping by 23% from its all-time high, its price continues to trade above the $4 level. This stability comes at the same time as there is a slight improvement in the market. Keeping the interest rates constant has also contributed to the recovery process by the Federal Reserve. This was some […]
SUI has emerged as a standout performer in the cryptocurrency market, defying the recent bearish trends that have left most altcoins in the red. While the market grapples with turbulence driven by Bitcoins sharp decline, the token continues to showcase resilience and strong upward momentum. SUI Surges Amid Market Downturn The broader crypto market has […]
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