Despite increased price volatility in the crypto market, the SUI price has outperformed the top crypto projects by successfully achieving a new All-time High (ATH) during the early Asian trading hours. Notably, it has recorded a high of $2.28 with a trading volume of $1.18 billion.

Furthermore, will the Sui price maintain its momentum and achieve the $3 mark this Q4? In this article, we have covered the short-term market sentiments and price analysis of the Sui crypto token.

SUI Crypto Records Increased Bullish Action!

The SUI price has jumped ~12% in the past 24 hours and 28.79% over the past week. Moreover, it has surged 119.28% during the past month and has rewarded its long-term investors with a Year-to-Date (YTD) return of 186.13%.

The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram. Further, with its averages showing a constant uptrend, the SUI coin hints at a positive outlook in the coming time.

Moreover, the SMA indicator constantly supports the price chart in the 1D time frame. This highlights that the altcoin may continue gaining value this week.

How High Will SUI Go?

If the bulls continue gaining momentum, this could result in the price of the token heading toward its upper target price of $2.5 in the coming time. Maintaining the price at that level could set the stage for it to head toward its high of $3 this year.

On the contrary, if the bears regain power, the SUI coin price could plunge toward its support of $2. Moreover, if the bearish sentiment intensifies, this could result in it retesting its lower support level of $1.9750.

Wondering about the long-term prospects of this Sui token? Read, our Sui Price Prediction 2024 – 2030

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed