Speaking of the Sui chain, it has recently been on fire, with prices skyrocketing and turning several previous resistance levels into support levels, it’s almost like it’s been hacked.
What’s even more surprising is that everyone thought it would form a small double top, which is a bearish signal, but it completely broke this pattern, playing by its own rules. Now it is 58% higher than the 50-day moving average and even 95% higher than the 100-day exponential moving average, this increase is simply enviable.
Then there’s the Average Directional Index (ADX), which is racing towards the 38 mark, indicating the momentum of the Sui chain is fierce. The stochastic oscillator and the Relative Strength Index have also surged into the overbought zone, which tells us that the future of the Sui chain is limitless.
Speaking of the future, I believe the price of the Sui chain will continue to rise, who knows, it might fly to the $10 mark one day, which would be 170% higher than now. However, there is a prerequisite, it must first break through the $5 hurdle.
Of course, the road to $10 won’t be smooth sailing, it may need to dip a few times in between. If it does drop, the Sui chain might first fall to around $2.35, then climb back up and continue its bullish path. But if it can’t even hold $2.17, that would be troublesome, and it might fall all the way to around $1.
Now that BTC has pulled back to 92,000, the market is bursting out! In this situation, it’s the best time to lay out potential altcoins! I have carefully selected a coin expected to grow 2-3 times in the short term and 5-10 times in the long term, leave a comment + like for a free share!