Based

bullish

Solana

Momentum

<p>From being one of the top performers in the crypto market, the SUI crypto price has taken a slow route. Over the past few weeks, the lack of bullish momentum in a volatile market has put SUI jumping up and down the $2 psychological mark.&nbsp;</p>   
<p>As the uncertainty in the SUI crypto increases, the risk of a bearish reversal grows. Will the lack of a decisive trend implode SUI? Find out more about Coinpedia’s SUI price analysis for this month.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-sui-price-analysis">SUI Price Analysis</h2>   
<p>After recording a massive bullish rally of more than 400% from $0.46 to $2.36 between August and October, the bullish trend in the SUI token is taking a setback. Over the last three weeks, the SUI token is down by almost 20% and is currently trading at $1.8835. This comes after the 10.98% jump last week.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/04141849/image-29-1024x481.png" alt="SUI crypto price chart" class="wp-image-375587">
</figure>   
<p><a href="https://www.tradingview.com/x/sJ1G2PMI/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>However, the bullish recovery was short-lived as the intraday pullback of 3.24% kept the SUI market price below the $2.00 psychological mark. In the daily chart, the recovery has formed a support trend line facing constant bearish hammering.&nbsp;</p>   
<p>Furthermore, the dynamic support of the 50-day EMA has entered the play to provide a cushion for a bullish reversal. The short-term pullback forms a resistance trend line, completing a triangle pattern, and the intraday pullback puts the support trendline at risk.&nbsp;</p>   
<p>Based on the Fibonacci levels, the pullback is putting immense pressure over the 78.60% Fibonacci level at $1.74.&nbsp;</p>   
<p><strong>Technical Indicators:</strong></p>   
<p><strong>RSI</strong>: The daily RSI line shows a bullish divergence in the last two bottom formations, teasing a potential bullish comeback if the broader market recovers.&nbsp;</p>   
<p><strong>EMA</strong>: The dynamic support of the 50-day EMA and the positive alignment of the 100-day and 200-day EMA provide multiple support areas.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-where-s-sui-price-headed">Where’s SUI Price Headed?</h2>   
<p>If the SUI token price breaks below the support trend line, the 61.80% and 50% Fibonacci levels coinciding with the 100-day and 200-day EMA are potential bounce-back areas.&nbsp;</p>   
<p>These areas are $1.48 and $1.30 below the $1.58 psychological mark. However, on the upside, if the broader market recovers, the SUI token is likely to regain its bullish momentum.&nbsp;</p>   
<p>As one of the high-performing projects challenging the Solana network, a broader market recovery will likely result in a new all-time high. Based on the Fibonacci levels, the breakout of the $2.00 psychological mark and the overhead resistance trend line will put the $2.50 and $3.00 psychological mark as potential targets in November.&nbsp;</p>   
<p>By the end of the year, if the bullish trend continues after the increased uncertainties of the US presidential elections, the 2.618% Fibonacci level at $4.57 is a potential price target.</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="noreferrer noopener">SUI price prediction</a>, and subscribe to us for all the latest updates!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<h3 class="wp-block-heading" id="h-what-is-sui-in-crypto">What is SUI in crypto?</h3>   
<p>SUI, the native token of the SUI blockchain network, governs the SUI network. It is used to pay gas fees and participate in staking.</p>   
<h3 class="wp-block-heading" id="h-how-much-is-1-sui-in-dollars">How much is 1 SUI in dollars?</h3>   
<p>At press time, the value of 1 SUI token in US dollars is $1.8835.</p>   
<h3 class="wp-block-heading" id="h-where-can-i-buy-sui-crypto">Where can I buy SUI Crypto?</h3>   
<p>SUI is available on all the major crypto exchanges like Binance, Coinbase, KuCoin, etc.&nbsp;</p>

Will SUI Price Regain Momentum To Hit $3 After a 20% Drop?

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