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<p>With Bitcoin price reclaiming the $63k mark, the cryptocurrency market has recorded a strong bullish recovery over the past day. Moreover, the Sui coin price has regained traction and is on the verge of reclaiming the $2 mark.</p>  
<p>Will Sui crypto price beat all odds and record a new ATH this Uptober? Or will the altcoin experience a bearish reversal and plunge toward its lower support levels? Scroll down to uncover the short-term mysteries of the Sui (SUI) crypto token.</p>  
<h2 class="wp-block-heading" id="h-sui-token-breaks-its-important-resistance-level">Sui Token Breaks Its Important Resistance Level:</h2>  
<p>The Sui price has jumped ~12% in the past day with a trading volume of $942.14 million. Moreover, it has added 122.84% during the past month and has a YTD return of 148.59%.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/07184910/image-82-1024x541.png" alt="Sui Price Analysis oct 7th" class="wp-image-361807">
</figure>  
<p>Moreover, the altcoin is currently trading at a discount of ~10% from an all-time high (ATH) of $2.18. Successively, with a circulating supply of 2,763,841,373 SUI tokens and a market cap of $5.34 billion, it has secured the 19th position in the global crypto list.</p>  
<p>The Relative Strength Index (RSI) continues hovering above the overbought range in the 1D time frame. Further, its average trendline shows a potential bullish convergence, suggesting a positive outlook for the altcoin in the coming time.</p>  
<p>The EMA 50/200-day shows a significant rise in the SUI price chart. This highlights that the altcoin will continue gaining value during the upcoming week.</p>  
<h2 class="wp-block-heading" id="h-will-sui-price-hit-new-ath-this-uptober">Will SUI Price Hit New ATH This Uptober?</h2>  
<p>Maintaining the price above the support level of $1.90 could result in it retesting its all-time high of $2.1850 in the coming time. Furthermore, if the bullish sentiment intensifies, this could result in it heading toward its upper high of $2.50 this month.</p>  
<p>On the contrary, a bearish reversal could pull the price toward its support level of $1.90. Moreover, if the bearish sentiment intensifies, this could result in the Sui coin price plunging toward its lower support level of $1.6060.</p>  
<p>Considering stacking some SUI tokens for good gains? Read our <a href="https://coinpedia.org/price-prediction/sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Sui Price Prediction</a> for potential price targets!</p>

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