Sui ($SUI ) Price Analysis for December 28
The post Sui Price Analysis for December 28 appeared first on Coinpedia Fintech News.
Sui is trading at $4.1001, up +0.42% in the last 24 hours. With a market cap of $11.95B, it ranks as the 15th-largest cryptocurrency. Sui’s blockchain technology and growing ecosystem contribute to its steady upward momentum.
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Market Overview
Market Dominance: 0.3618%
Volume: $1.06B (Vol/Market Cap: 8.84%)
Circulating Supply: 2.93B SUI
Total Supply: 10B SUI
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Historical Context
Issue Price: $0.1 (May 3, 2023)
All-Time High: $4.9309 (December 16, 2024)
All-Time Low: $0.3643
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Technical Analysis
Sui continues to trade within an uptrend, with $4.00 acting as immediate support. The token is holding strong, indicating bullish sentiment.
Key Support and Resistance Levels
Support: $4.00 – A crucial level for maintaining bullish momentum.
Resistance: $4.50 – Breaking above could signal a retest of the all-time high.
Indicators
RSI: Near neutral levels, suggesting balanced momentum.
MACD: Showing signs of convergence, hinting at potential upward movement.
Short-Term Outlook
Sui appears poised for consolidation between $4.00-$4.50, with potential to break higher if broader market sentiment improves.
Long-Term Prospects
With its robust ecosystem and innovative blockchain solutions, Sui remains a strong project. A sustained rally could see it challenge the $5.00 mark in the coming months.
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Risk Management Levels
Key Level to Watch: $4.00
A drop below this could lead to a decline toward $3.50, while maintaining above this level strengthens the bullish case.
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Conclusion
Sui shows promise with steady growth and strong fundamentals. Watch for a breakout above $4.50 to confirm bullish momentum. Short-term consolidation provides opportunities for accumulation, with a long-term outlook favoring higher price targets.
