bullish

Gains

Coin

<ul class="wp-block-list news-points">
 <li>SUI surges to new high near three-dollar mark, showing strong market interest and volume.</li>
 <li>Analyst sees bullish Elliott Wave pattern, with potential for further upward movement soon.</li>
 <li>Positive MACD and high RSI signal strong buying momentum, affirming a bullish trend for SUI.</li>
</ul>
SUI has surged to a new all-time high amid a broader crypto market rally. The token has gained over 19% in the past 24 hours to reach $2.32, according to CoinMarketCap data.
This price jump, which brings SUI closer to the $3.00 mark, indicates renewed interest and increased trading activity. The surge coincided with a 167.66% rise in trading volume to $1.59 billion, demonstrating strong market interest and liquidity.
<h2 class="wp-block-heading" id="h-elliott-wave-theory-suggests-further-gains">Elliott Wave Theory Suggests Further Gains</h2>
Crypto analyst Bluntz observes that a recent analysis of SUI’s price action aligns with the Elliott Wave Theory, suggesting the asset could be in a bullish, volatile wave.
This technical framework identifies five waves: (i), (ii), (iii), (iv), and (v). The current activity indicates that SUI may be in its final upward impulse wave (v).
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXez-iEhKS6vxfI-o6dyzTDkbYzPm0msFDeK5O_jnK69gByrPVApO2cu2HRhCPYIJBTot--n6Ry_Gse9u4Dl3burkXtHmKR6lXGOoSzeS0lbpAYj9ov3zIHSZwU5csbUXcRatGW1MA?key=bx5j8mdjtDOb0nMdlkffKxWo" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">Source: <a href="https://x.com/Bluntz_Capital/status/1854032633078120466" target="_blank" rel="noopener noreferrer nofollow">Bluntz</a>
 </figcaption>
 </figure>
</div>
The third wave (iii) showed strong growth, followed by a corrective pha…
The post <a href="https://coinedition.com/sui-price-surges-to-new-record-high-3-00-target-eyed/" rel="noopener noreferrer nofollow">SUI Price Surges to New Record High, $3.00 Target Eyed</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SUI Price Surges to New Record High, $3.00 Target Eyed

Table of Contents

Coin Edition

Other articles published on Nov 6, 2024

How U.S. Election Results Could Propel Shiba Inu and Altcoins to Record-Breaking Highs

Donald Trump Wins 2024 US Election: Crypto Voters Play a Key Role in Victory

PEPE Whale Accumulation: $7.94M Withdrawn from Binance and Gate.io in Two Hours

Anti-Crypto Elizabeth Warren Wins But Associate Sherrod Brown Loses

Dogecoin Surges After Trump’s Victory and Musk’s Support

Pro-Crypto Jim Justice Flips West Virginia Senate Seat to GOP in 2024

Join our free newsletter for daily crypto updates!