Amid the rising trend of DeFi and gaming in the crypto space, the Sui token price shows a strong upward push, with an increase of 11.25% over the last 48 hours, pushing its market cap past the $10 billion mark to reach $10.83 billion.
Strong Bullish Reversal in Sui Market
The Sui price added 5.38% in 24 hours with a trading volume of $1.824 billion. It rose 1.79% over the past week, suggesting rising bullish action. However, over the past month, it lost 23.56%, with a year-to-date return of -14.59%. The 50-day EMA shows a bearish curve, while the 200-day EMA provides support, indicating mixed price action. The MACD shows a bullish convergence with a rising green histogram, suggesting the token value may continue to rise this week.
Will SUI Price Reach $5 This Month?
Maintaining the price above $3.5 could lead to a retest of resistance at $3.83. If bullish sentiment persists, the SUI price may approach the $4.50 target. A trend reversal could bring the price down to $3 support, with intensified bearish momentum potentially reaching $2.8850 this month.
FAQs
- Is Sui worth buying? If bulls regain momentum, Sui price could reach a maximum trading value of $7.01 this year. - Can Sui reach $100? Given current market conditions, it's unlikely for this altcoin to reach $100. - What is the current price of Sui? At the time of writing, one SUI crypto coin was valued at $3.5120.
The crypto market continues to surprise with its volatility and opportunities. It will be interesting to watch further Sui price changes as developments in the DeFi and gaming sector may impact its dynamics.
