SUI price hits 151-month high after 6% rise in September

SUI price surged 151% in the past month and is now at multi-month highs, close to the all-time high of $2.18. Investors are optimistic that it will break out and continue to rise before the end of this week. The continued bullish momentum and increased market activity make SUI an excellent asset in the crypto space.

SUI has a lot of support

SUI bullish sentiment is recovering, as evidenced by the MACD indicator. MACD is an important tool for identifying momentum changes and shows positive signals. The rising green bars on the histogram indicate that bullish momentum is increasing and buyers are gradually taking control, which means that the current upward trend may continue and SUI price is expected to continue to rise in the coming trading days.

As bullish momentum increases, SUI is expected to break through the main resistance level of $2.18. If successful, it will create conditions for further price increases. Technical indicators reinforce SUI's momentum, with the RSI in the overbought zone of 80.0. Usually, RSI exceeding 70.0 triggers selling and corrections, but now there is no significant selling pressure despite the high RSI. This suggests that investors may hold positions and wait for SUI to break through the all-time high of $2.18 before taking profits. The situation of RSI indicates that the bullish momentum may continue, and investors are waiting for SUI to surpass the high before considering cashing out, which reflects their confidence in its growth potential.

SUI Price Prediction

SUI price has risen 24% in the past 8 hours to $1.90. The next resistance level is $2.18, which is 15% away from the current price. Judging from the current momentum, SUI is expected to achieve this goal in the short term, continuing the upward trend since September. The factors driving the rebound indicate that bullish sentiment may continue, and many investors may not cash out before SUI reaches a new high, which will push the price higher. However, if selling pressure increases before breaking through $2.18, the upward trend may be affected.

The SUI’s support at $1.70 is critical and prevents a sharp decline. If this support is lost, the bullish view may not hold and the SUI could drop to $1.45, delaying expected gains.