Sui Price Prediction for Today, December 29 – InsideBitcoins

By Crypto Gloom On Dec 30, 2024

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Sui price continues to fluctuate and is recovering from its daily opening level of $4.21.

Sui forecast data:

Current Sui price – $4.11
Sui market cap – $11.91 billion
Sui circulating supply – 10 billion
Sui total supply – 2.92 billion
Sui Coinmarketcap Ranking – 15th

SUI’s journey highlights the potential of early investments in cryptocurrency projects, with the price soaring 1027.31% since hitting an all-time low of $0.3643 on October 19, 2023. Currently trading between $4.09 and $4.26 over the last 24 hours, SUI is holding up 16.7%. It was below its all-time high of $4.93 just two weeks ago. This impressive growth highlights the value of discovering promising tokens early and holding on to them for long-term benefits.

SUI/USD market

Main level:

Resistance levels: $5.30, $5.50, $5.70

Support levels: $3.00, $2.80, $2.60

Sui price prediction for today, December 29 – SUI technical analysis — SUIUSD – daily chart

SUI/USD shows significant volatility with daily charts providing a clearer view of market action. Currently, the token is no longer in the previous upward trend that it had been in since early November. This trend, characterized by consistent testing of key support levels, has transitioned into a consolidation phase. This is consistent with broader market trends, as even Bitcoin is struggling to maintain its upward momentum.

Sui Price Prediction: Can SUI Break Above $4.27?

The Sui price remains below the 9-day moving average and the 21-day moving average, and if the bulls push the price above this barrier, SUI/USD is likely to reach the resistance levels of $5.30, $5.50, and $5.70. Meanwhile, the important support level of $4.00 has already been broken, which previously served as both resistance and support. This breach reflected a change in sentiment, with SUI consolidating within a range of $3.90 to $4.50. On the daily chart, this consolidation indicates a neutral to slightly bearish trend with no immediate signs of a significant structural breakdown.

Technically, SUI/USD is in a consolidation phase with the $3.90-$4.00 support zone supporting the structure. A recovery above $4.30 and a break above $4.50 could signal new bullish momentum and pave the way for a test of the $4.70-$4.90 range. However, failure to hold the $4.00 support could lead to further downside. However, if Sui trades below the channel, continued weakness could push the price towards support levels at $3.00, $2.80, and $2.60.

SUI/BTC may see a downward trend

Compared to Bitcoin, the SUI pair is currently trading within a well-defined upward channel, highlighting the bullish trend. The price is positioned near the lower boundary of the channel, which acts as a strong support level at 3800 SAT. The 9-day moving average is still above the 21-day moving average, indicating that the market maintains bullish momentum. However, price is interacting closely with both moving averages, suggesting a possible sideways move and an attempt to regain upward momentum or test the lower boundary of the channel. If the price finds support at this level, it may bounce towards resistance above 5400 SAT.

Conversely, a drop below the channel’s support level of 3500 SAT would signal a possible trend reversal and lead to a more bearish outlook. This scenario could push the price further towards 3000 SAT. However, traders should closely watch the interaction between price and moving averages. A bearish crossover (the 9-day moving average crossing below the 21-day moving average) confirms a bearish reversal, while a bounce from the moving average strengthens the bullish continuity. Volume activity should also be monitored, as increased volume at key support or resistance levels can validate the next important move.

Meanwhile, @CryptoJobs3 updated followers on They highlight the bearish divergence in the daily RSI and the lack of buying pressure at current levels. We identify the $3.00 area as key support for a potential long-term entry, while maintaining a medium-term view of a downward correction before another uptrend. They plan to turn bullish only if the daily candle closes above $4.80. Otherwise, they expect further price declines.

$SUI – Update:

Weekly View Zooming in on price, it remains bullish but very volatile and in overbought territory.

Daily Bear div RSI cleanup and lack of buying pressure on that level!

My medium term view remains unchanged and I think prices will correct to the downside before we see another leg… pic.twitter.com/amxlnWEPwd

— 🧙 Crypto_Jobs🧙 ♂️ TA & FA 🎯 (@CryptoJobs3) December 29, 2024

Alternatives to Sui

The SUI/USD chart shows a rising channel with the price close to the $3.00 support line, suggesting that if support holds, there is a possibility of a bounce towards the $5.30 resistance level. However, a drop below $3.00 could indicate bearish momentum and further price declines. Meanwhile, Meme coin, which recently suffered a price decline, is showing signs of a comeback, with Wall Street Pepe emerging as a strong competitor. Despite market difficulties, Wall Street Pepe continued to raise significant funds, recording inflows of more than $37 million in three weeks.

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