As of October 14, 2024, $SUI continues its upward trajectory, reaching a new cycle high of $2.33. Market analysts expect this surge to push SUI’s price even higher to $2.81 by October 18, driven by strong investor sentiment. Over the past 30 days, SUI has skyrocketed by 127.4%, reflecting its strong medium-term bullish outlook.
Key Support and Resistance Levels:
Support: $2.07, $1.91, $1.81
Resistance: $2.34, $2.44, $2.60.
Technical Overview:
RSI (14): At 74.10, indicating overbought conditions, hinting at possible short-term corrections.
ADX (14): At 56.24, confirming strong trend momentum.
MACD: Neutral at 0.01, showing steady trend continuation.
Despite the risk of a short-term pullback, the overall sentiment remains bullish with 89% of indicators supporting continued upward movement.
