On the daily chart, SUI has climbed above the 20-day and 50-day Exponential Moving Averages (EMA). EMAs measure trends by measuring price changes over a period of time.
When the indicator is above the price, the trend is bearish. However, since it is below, the trend of SUI could continue to rise. In this scenario, the price of SUI could climb above $2.39, a new all-time high, and rise above $3.
However, if profit-taking increases, this prediction could be invalidated. Should that happen, the altcoin could drop to $1.93.
Sui Daily Analysis. Source: TradingView
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