$SUI Price Prediction: Altcoin Targets $1.12 - BeinCrypto Analytics

SUI’s Elder-Ray Index has returned a positive value since August 8. As of this writing, the indicator’s value is 0.27.

An asset’s Elder-Ray Index measures the strength of bulls and bears in the market. When its value is above zero, it indicates that bullish activity is stronger than bearish pressure. It suggests that buyers have control over the market and hints at the possibility of a continued price rally.

SUI’s next price target is $1.12, a level it last traded at on June 8. This will only occur if the demand for the coin is sustained and the bullish bias toward it continues to grow.

However, any spike in profit-taking activity can cause a price decline. If this happens, the altcoin’s value may drop to $0.46, marking the second time since November 2023. 

At press time, $SUI is trading at:

- $1.028 on KuCoin

- $1.0268 on WhiteBIT

- $1.0271 on MEXC