Sui Price Achieves New ATH, Eyes To Hit $2.5 This Week?

Regardless of elevated worth volatility within the crypto market, SUI worth has outperformed the highest crypto tasks by efficiently reaching a brand new All-time Excessive (ATH) throughout early Asian buying and selling hours. Notably, it has registered a excessive of $2.28 with a buying and selling quantity of $1.18 billion.

Moreover, will Sui worth preserve its momentum and attain the $3 mark within the fourth quarter? On this article, we mentioned the short-term market sentiment and worth evaluation of the Sui crypto token.

SUI Crypto Data Elevated Bullish Motion!

The SUI worth is up ~12% within the final 24 hours and 28.79% within the final week. Moreover, it’s up 119.28% over the previous month and has rewarded its long-term buyers with a 12 months-to-Date (YTD) return of 186.13%.

The Transferring Common Convergence Divergence (MACD) reveals a relentless enhance within the inexperienced histogram. Furthermore, because the averages present a relentless upward pattern, the SUI coin signifies a constructive outlook for the close to future.

Furthermore, the SMA indicator repeatedly helps the value chart within the 1D timeframe. This highlights that the altcoin can proceed to achieve worth this week.

How excessive will SUI go?

If the bulls proceed to achieve momentum, this might result in the token’s worth heading in the direction of its excessive goal worth of $2.5 within the close to future. If the value is maintained at that stage, it may set the stage for this 12 months’s excessive of $3.

Quite the opposite, if the bears return to energy, the SUI coin worth may fall in the direction of $2. Moreover, if bearish sentiment strengthens, it may result in a retest of the decrease assist stage at $1.9750.

Questioning what the long-term prospects of this Sui token are? Learn our Sui worth forecast 2024 – 2030