Sui's price showcases a strong rebound amid renewed interest in DeFi and gaming sectors.
Sui Price Analysis: Bullish Momentum Builds
SUI's price is up 5.38% over the past 24 hours with a trading volume of $1.82 billion. Despite a 30-day decline of 23.56%, the current rebound near the 200-day EMA is promising. The MACD indicator shows upward momentum, indicating potential for continued gains.
SUI Price Prediction: Can It Hit $5?
If SUI maintains above the $3.5 support zone, it could move toward the $3.83 resistance and beyond to $4.50. Maintaining this support could potentially target $5, assuming bullish market sentiment continues.
Prospects and Risks for SUI
The recent breakout in SUI's price has renewed investor interest. However, dropping below $3.5 could lead to a pullback toward $3. Market sentiment remains crucial in determining the next price movements.
SUI shows potential for further gains if it holds key support levels. Market sentiment is crucial for its future trajectory.
