#SUI Price Prediction:

After two consecutive days of pullback, SUI has welcomed a bullish recovery, breaking through resistance levels, with trading volume increasing by 43%.

Sui rose approximately 10% during the day, with trading volume reaching $2.281 billion, further indicating a strong bullish recovery. However, it is about 14% discounted from the historic high of 3.93 set on the 17th.

From a long-term perspective, it has doubled this month, with a year-to-date (YTD) return of +337.02%. With a market capitalization of $9.67 billion, SUI has ranked 18th in the global cryptocurrency list.

Technical Aspects:

The Moving Average Convergence Divergence (MACD) shows a consistent red histogram, indicating bearish convergence within the daily time frame. This highlights the increasing sell-off pressure on SUI in the market.

The SMA indicator consistently acts as resistance for Sui. This suggests that the market holds a strong bearish sentiment towards SUI.

If the bulls continue to exert pressure, the price of Sui will exceed previous highs, with the next target being 4.2. There is plenty of room above, and the opportunity to move independently is significant, which is a common trend for SUI.

Conversely, if the bears gain momentum, Sui will retest its support level of 3.25.

In summary, combined with its background and the continuously launched new narratives, as long as there is a pullback, it is bold to enter, and it is definitely not the limit for SUI at the moment!!!

If you want to seize this bull market, learning and applying it on the spot will definitely be too late; it's best if someone can guide you for a quick start.

I am David, welcome to communicate!