Sui (SUI)
Sui is another altcoin that could reach a new all-time high in October 2024. At the time of writing, SUI is priced at $$ 1.62, up 94.95% in the last 30 days. The altcoin’s performance can be linked to the Grayscale SUI Trust, which was launched by the asset management firm a few weeks ago.
In addition, the token is also experiencing a surge in demand, with some predicting it to be the Solana (SOL) of this cycle. SUI is currently 25% away from surpassing its previous all-time high. According to the daily chart, SUI’s attempt to retest $$ 2 was rejected due to resistance around $$ 1.77.
However, the pullback has taken the token to a support region near US$ 1.60 and could fuel a bounce. Furthermore, the price is above the Ichimoku Cloud. This technical indicator shows whether there is support or resistance.
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#familia When the cloud is above the price, there is strong resistance, and the price may decline. However, since it is below the SUI price, the chances of reaching a higher value are solid.