Based

bullish

<p>With the BTC price inching closer to the $73,000 mark, the SUI token is back in action. Reclaiming the $2 psychological mark, the altcoin is just $300 million short of completing the $6 billion market cap.&nbsp;</p>  
<p>It has increased by nearly 12% in the past 24 hours and shows a rapid recovery. Will this bullish trend lead to a price jump of more than 100%? Let's find out.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-sui-price-analysis">SUI Price Analysis</h2>  
<p>In the daily chart, the SUI price action shows a falling channel breakout rally, gaining momentum. The bullish reversal started with a quick reversal from the $0.46 mark and now accounts for a price jump of 342% within the last 3 months.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/30121538/image-104-307-1024x509.png" alt="SUI price chart" class="wp-image-374001">
</figure>  
<p><a href="https://www.tradingview.com/x/HFcyaaxX/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Completing a rounding bottom reversal, the SUI price action shows a constant struggle to sustain dominance above the $2 psychological mark. In a recent pullback, the SUI token took support at the 50-day EMA and a new support trendline. Further, the crucial daily EMAs (50,100,200) maintain a positive alignment.&nbsp;</p>  
<p>Completing a morning star pattern, the 16.82% jump we saw last night makes a massive bullish engulfing candle. Based on the Fibonacci levels, the SUI price is challenging the 100% Fibonacci level and the short-term resistance trendline.&nbsp;</p>  
<p>The RSI indicator shows a bullish reversal, surpassing the 14-day SMA and inching closer to the overbought zone.</p>  
<h2 class="wp-block-heading" id="h-where-s-sui-price-headed">Where’s SUI Price Headed?</h2>  
<p>Considering the altcoin manages to surpass the overhead trendline, the next two price targets are present at $3 psychological and $4.80 at 1.272 and 1.618 Fibonacci levels respectively. On the flip side, a bearish reversal could retest the support trendline near the $1.85 mark or the 50-day EMA at $1.7303.&nbsp;</p>  
<p>Wondering if the bull run in SUI will hit $5 in 2024? Find out now in Coinpedia’s well-rounded <a href="https://coinpedia.org/price-prediction/sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SUI price prediction</a>, and subscribe to us for all the latest updates!</p>

Altcoin Surge Alert: SUI Crosses $2 With 16% Pump, Targets $3!

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