bullish

Optimism

<ul class="wp-block-list">
 <li>SUI reached a new all-time high of $2.36, indicating strong bullish momentum in the market.</li>
 <li>The SUI price has surged 113% over the last month and 437% over the past year.</li>
</ul>
SUI, the native cryptocurrency of the Sui Network, a leading <a href="https://thenewscrypto.com/sui-network-boosts-defi-with-native-usdc-integration-via-navi-protocol/" target="_blank" rel="noopener noreferrer nofollow">layer-1 blockchain</a>, has reached a new all-time high of $2.36, according to recent data from CMC. The surge occurred during early Asian trading hours, pushing the token beyond its previous high of $2.26, which was recorded two days earlier on October 12. This latest price action has sparked optimism among traders, who believe SUI is regaining lost momentum.
SUI has been trading in a rangebound pattern since hitting its previous high of $2.26. Over the past month, the crypto has seen an impressive 113% price increase, and it’s up 437% over the last year. Currently, SUI has pulled back slightly, but it remains strong above the $2.23 zone.
<h3 class="wp-block-heading" id="h-sui-s-trading-overview-and-key-price-targets">SUI’s Trading Overview and Key Price Targets</h3>
At the time of writing, SUI is trading at $2.24, with a market capitalization of $6.18 billion and a daily trading volume of $1.16 billion, surpassing Near Protocol (NEAR) in market cap.
As a result, the crypto price may stabilize within the price discovery phase and maintain a strong upward trend, potentially reaching higher targets. Market analysts expect the next <a href="https://thenewscrypto.com/sui-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">key price target for SUI</a> to be between $2.50 and $3, but only after it meets certain conditions.&nbsp;
There may be a minor pullback as the token has hit a strong resistance level. Bears will attempt to push and hold the price below the breakout level of $2.16, potentially trapping aggressive bulls. If bears manage to push the price below $2.16, a <a href="https://thenewscrypto.com/sui-fails-to-sustain-bullish-momentum-transaction-volume-drops/" target="_blank" rel="noopener noreferrer nofollow">correction toward</a> the 20-day EMA of $2.14 could occur. A drop below the 20-day EMA could send the SUI/USDT pair deeper down to $1.81 if the support fails to hold.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="489" src="https://thenewscrypto.com/wp-content/uploads/2024/10/image-35-1024x489.png" alt="" class="wp-image-110676" srcset="https://thenewscrypto.com/wp-content/uploads/2024/10/image-35-1024x489.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-35-300x143.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-35-768x367.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-35.png 1297w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">SUI Price Chart (Source: <a href="https://in.tradingview.com/symbols/SUIUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
However, technical indicators remain bullish. The MACD is above both the signal and zero lines, while the RSI stands at 66.98, signaling strong upward momentum. If the altcoin stays above $2.22, it may act as a support level, potentially kicking off the next leg of its uptrend towards the $2.50 mark and beyond.
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SUI Begins the Week with New All-Time High Amid Market Optimism

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