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<p>Despite increased bullish sentiment in the crypto space, the Sui token has dropped 12.49% from its ATH within 5 days. Notably, this altcoin slingshot ~405% from its August low to achieve a new all-time high (ATH) of $2.36 on 14th October.</p>  
<p>Will this crypto token make a comeback and achieve its target price of $3 this year? Or will the price rally fade out during the upcoming week? In this article, we have covered the short-term price prospects of the Sui crypto token.</p>  
<h2 class="wp-block-heading" id="h-sui-crypto-retests-its-crucial-price-zone">SUI Crypto Retests Its Crucial Price Zone!</h2>  
<p>The Sui price has maintained its bullish action by adding ~2% in the past day with a trading volume of $595.32 million. Further, it has jumped ~5% over the past week and 73.98% during the past month.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/18192606/image-104-132-1024x540.png" alt="Sui Price Analysis 18th Oct" class="wp-image-368993">
</figure>  
<p>With a Year-to-Date (YTD) return of +165.36% and a market capitalization of $5.707 billion, the Sui cryptocurrency has claimed the title of the 18th largest cryptocurrency in the market.</p>  
<p>The EMA 50/200-day continues recording a constant uptrend in the 1D time frame. This highlights an increase in the buying-and-selling pressure for the Sui crypto token in the market.</p>  
<p>Further, the RSI indicator has recorded a neutral trend with its average trendline hovering close to its overbought range in the SUI price chart. This suggests a bullish outlook for the 18th largest cryptocurrency this week.</p>  
<h2 class="wp-block-heading" id="h-will-sui-price-hit-3-in-2024">Will Sui Price Hit $3 In 2024?</h2>  
<p>If the market holds the price above the $2 level, the Sui crypto will retest its resistance level of $2.2. Moreover, if the bulls outrun the bears, this could result in the crypto token retesting its all-time high of $3 and achieving a new high.</p>  
<p>However, if the bearish sentiment intensifies, the token could drop toward its important support level of $1.975. Notably, if the bulls fail to regain momentum at that level, the Sui coin could further plunge toward its lower support level of $1.60.</p>  
<p>Concerned about the possibility of this altcoin achieving the $3 mark this year? Read our <a href="https://coinpedia.org/price-prediction/sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SUI Price Prediction</a> 2024 - 2030!</p>

SUI Price Drops 12% In 96 Hours, Crucial Time To Hold Or Sell?

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