SUI Price Soars 600%, Targets To Hit $5?

1 week ago 14

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.

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 Sentiments

The 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!