The price of SUI could rise to a new all-time high

The price of Sui (SUI) is showing a strong recovery trend and has the potential to reach a new all-time high (ATH). Currently, SUI is trading at around 3.79 USD, close to the current ATH of 3.94 USD achieved in mid-November. SUI has increased by 105% in the past two weeks and is considered one of the standout altcoins in the market.

The outflow of funds from SUI exchanges is increasing, indicating that investor sentiment is unwilling to sell, which typically facilitates price increases. It is predicted that if SUI maintains this momentum, the price could break through the resistance level of 4 USD and aim for higher milestones. However, investors need to monitor key support levels; if SUI falls below 3.20 USD, the upward trend may be halted.

Additionally, the optimism from analysts indicates that SUI is seen as an attractive investment option in the context of a strong recovery in the altcoin market.