Sui Price Prediction for Today, October 27 – SUI Technical Analysis

The Sui price prediction shows that SUI couldn’t fetch any significant growth above the 9-day and 21-day moving average within the channel.

Sui Prediction Statistics Data:

• Sui price now – $1.793
• Sui market cap – $4.95 billion
• Sui circulating supply – 2.76 billion
• Sui total supply – 10 billion
• Sui Coinmarketcap ranking – #21

Getting in early on crypto projects can often be a rewarding strategy, with substantial potential for gains as the project develops and gains traction. Take a look at Sui’s journey: after hitting an all-time low of $0.3643 in October 2023, the price has skyrocketed by an impressive 391.26% to current levels. Even over the past 24 hours, it has shown a steady range between $1.77 and $1.82. Though it reached an all-time high of $2.36 just two weeks ago on October 14, 2024, the token remains strong, showing resilience and growth potential for early investors.

SUI/USD Market

Key Levels:

Resistance levels: $2.50, $2.60, $2.70

Support levels: $1.25, $1.15, $1.05

SUI/USD may likely experience a bearish trend, which could be influenced by technical resistance and weakening fundamentals. Meanwhile, recent geopolitical tensions contributed to a broad market decline, causing increased leverage liquidation and exacerbating SUI’s downward movement, which began in early October. Despite this, there are some signs that short-term price recovery could occur if SUI can reclaim key resistance levels.

Sui Price Prediction: SUI Price Could Head to the Upside

SUI has been struggling to break above the $1.80 resistance mark due to limited trading volume and a lack of positive momentum. This price level has repeatedly held as a barrier, indicating that the current bearish trend may persist unless there’s a significant shift in market conditions. A breakdown below this level could lead to further declines, but maintaining support around $1.75 – $1.80 may attract some buying interest.

However, the Sui price is hovering around $1.79. The market may go up if it bounces above the daily high of $1.82 to face the upper boundary of the channel, which could hit potential resistance levels of $2.50, $2.60, and $2.70. Meanwhile, SUI/USD may sink if the bears increase the selling pressure, and crossing below the lower boundary of the channel could locate the critical support levels of $1.25, $1.15, and $1.05.

SUI/BTC Could Move Bearishly

Looking at the daily chart, SUI/BTC may likely more bearishly as the coin is yet to record a tremendous gain. However, the buyers may continue to gather momentum, it is likely for the coin to begin an upward movement if the bulls return to the market. Nevertheless, a bullish movement above the 9-day and 21-day moving averages could push the SUI price to the resistance level of 3700 SAT and above.

Meanwhile, according to the current market movement, SUI/BTC is likely to head toward the lower boundary of the channel if the bears increase the selling pressure. However, breaking below this barrier may bring the price to the new low of 1800 SAT and below.

Moreover, @kenshiyesreel updated his followers on X (formerly Twitter), noting that $SUI is currently in a correction phase, with an expected retracement range of 30% to 50%—a prime buying opportunity for those familiar with the strategy. Following this phase, $SUI is anticipated to reach the $5-$6 range.

$SUI is currently in a correction phase, with a typical retrace range of 30% to 50%—prime buy zone for those who know. Once this phase wraps up, expect $SUI to push into the $5-$6 range. https://t.co/my9U1vFCuh pic.twitter.com/VFxGrxVCDm

— Yesreel (@kenshiyesreel) October 26, 2024

Sui Alternatives

The SUI price shows potential for an upward trend as it approaches the upper boundary of its trading channel. Should the market continue to move upward, the $2.0 resistance level could emerge as a key target. If bullish momentum returns, SUI/USD may see opportunities for further gains. Meanwhile, PEPE Unchained, a new Layer 2 (L2) blockchain project for the PEPE coin, has nearly reached $23 million in its ICO, with funds dedicated to building its L2 ecosystem powered by the native “PEPU” token. This blockchain aims to provide rapid transactions and low fees, supporting instant bridging with Ethereum and a dedicated block explorer for increased transparency.

PEPE UNCHAINED, PEPE COIN HOLDERS ARE READY

PEPE Unchained features a dedicated block explorer to ensure transparency and accountability, vital for long-term project sustainability. With a growing developer ecosystem incentivized by grant programs, PEPE Unchained is poised to become a major player in the blockchain space, creating substantial growth potential for early investors looking to secure their stake in this promising project.

Visit Pepe Unchained

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