$SUI Price Prediction: All-Time High Again - BeinCrypto Analytics

On the daily chart, SUI bulls faced challenges in their recent push to $1.54. As the price approached $0.83, it met resistance that initially aimed to pull it back. However, the 20-day Exponential Moving Average (EMA) crossed above the 50-day EMA at this point, signaling a bullish trend. This crossover helped SUI’s price break through the $1.06 resistance. If these EMA positions hold in the coming weeks, SUI’s price could potentially rise by 42%, reaching its all-time high of $2.18.

On the other hand, SUI’s price could face a pullback if demand for the cryptocurrency falls short of the 64 million tokens set to be unlocked on October 1. In this case, the influx of new tokens could lead to a correction, potentially pushing the price down to $1.32.