SUI Bulls Defending the Support: A 50% Jump Could be Imminent if This Trade Plays Out Well

Share This Post

Sui (SUI) Price

The post SUI Bulls Defending the Support: A 50% Jump Could be Imminent if This Trade Plays Out Well appeared first on Coinpedia Fintech News

SUI has recently become one of the most hyped chains with a huge potential of going 10x from the current levels. The trading activity surged aggressively which elevated the SUI price above $2. This move also pushed SUI above Near Protocol but remained only for a while. The bears are extracting the profit at the moment but after a drop in the selling pressure, the price is expected to trigger a huge price action to form a new ATH soon. 

As expected, the SUI price flipped after rising above $2, but the market dynamics remain in favour of the bulls. However, the BTC price retested $62,000, causing a retracement in the SUI price rally. However, the token still displays the possibility of a bullish continuation towards $2.25, while the higher targets beyond $3 remain currently out of reach. 

The price underwent a parabolic recovery and surged above the crucial resistance zone which pushed the token close to its current ATH. However, the technical suggests a major price action could be on the horizon which may cause a fine rise in the price. 

  • The volume has been constantly rising since the start of September which indicates a steep rise in the trading activity which may keep up the volatility
  • The Bollinger bands have begun to squeeze and in the event of a compression, then the price breaks out in favour of the bulls
  • The RSI has entered the over-bought and faced a bearish reversal, but it is making every effort to reclaim the lost levels
  • The MACD remains within the positive range as the buying pressure mounts after facing a small drain for a while
  • The +Di & -Di was heading for a bearish crossover but the latest upswing has triggered a reversal, suggesting a bullish trend could be nearby

The SUI price has surged by 142% in the past month, with a jump of nearly 20% in the past trading day. The strong resistance was broken and was also retested. This shows the price is primed to rise, pushing the market capital close to $10 billion very soon.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1 appeared first on Coinpedia Fintech News Story Highlights The price of Dogecoin today is Dogecoin price may reach a

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2 appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is ADA coin price could

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

The post Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next appeared first on Coinpedia Fintech News Story Highlights Solana Price Today is Solana price could reach a

Crypto.com Expands UAE Footprint With License to Offer Derivatives

Cryptocom has received a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivative products such as futures and perpetual swaps, marking a major step forward

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

The post Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000 appeared first on Coinpedia Fintech News Story Highlights Binance Coin Price Today is The BNB price prediction

Vermont withdraws action against Coinbase, awaits SEC’s regulatory clarity

Vermont has officially withdrawn its legal action against Coinbase, which accused the crypto exchange of offering unregistered securities through its staking program In a court filing on March 13,