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<p>The SUI price is up 7% today, which should be a decent sign for holders considering the broader crypto market is consolidating after a huge pump last week.</p>
<p>Analyst “Crypto Jobs” recently updated his <a href="https://captainaltcoin.com/sui-price-hits-new-highs-heres-why-elite-analysts-say-its-just-the-beginning/" target="_blank" rel="noopener noreferrer nofollow">SUI price outlook</a> in a viral tweet, providing an insightful analysis of the current market conditions and potential future price movements.</p>
<p>The SUI price is currently trading around $3.2, marking a substantial increase of approximately 40% this week. This uptrend suggests strong bullish momentum in the market.</p>
<p>The chart highlights a consolidation range between the approximate levels of $2.95 (support) and $3.18 (resistance). The price has been oscillating within this zone, indicating that bulls and bears are currently balancing each other out. This consolidation often hints at accumulation before a potential breakout, aligning with the tweet’s optimism about an impending bullish breakout.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="461" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-1024x461.png" alt="" class="wp-image-582210" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-1024x461.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-768x346.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-1536x692.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-2048x923.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-333x150.png 333w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-777x350.png 777w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444-788x355.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-444.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: <a href="https://x.com/CryptoJobs3/status/1856653907453181969" target="_blank" rel="noopener noreferrer nofollow">X/@CryptoJobs3</a></strong></em>
 </figcaption>
</figure>
<p>There are key support levels marked on the chart:</p>
<ul class="wp-block-list">
 <li><strong>Primary Support</strong>: Around $2.8, which the tweet mentions as an “invalidation” zone. If the price falls below this level, it could signal a shift away from the current bullish sentiment.</li>
 <li><strong>Secondary Support</strong>: At around $2.65 and $2.36, offering potential areas for buyers to re-enter if the primary support is breached.</li>
</ul>
<p>The upper boundary of the consolidation at approximately $3.18 acts as the primary resistance. A breakout above this level would likely signal strong bullish momentum, potentially pushing the price toward higher targets (near $3.4 and beyond, as indicated by the green path on the chart).</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/fet-price-plunges-but-heres-why-holders-shouldnt-panic/" target="_blank" rel="noopener noreferrer nofollow">FET Price Plunges, But Here’s Why Holders Shouldn’t Panic</a></strong></em></p>
<h2 class="wp-block-heading" id="projected-scenarios">Projected Scenarios</h2>
<p><strong>Bullish Scenario (Green Path)</strong>: If SUI breaks out above the $3.18 resistance level, there’s potential for a strong upward movement. The green arrows illustrate a possible bullish path, targeting levels above $3.4 and potentially aiming toward $3.7 or higher.</p>
<p><strong>Bearish Scenario (Red Path)</strong>: If SUI fails to sustain above the $2.8 support zone and breaks downwards, a bearish trend may follow. This scenario could see the price decline toward the next support zones at $2.65 and $2.36.</p>
<p>The SUI chart reflects a bullish trend due to the recent upward momentum. The consolidation in the $2.95-$3.18 range indicates a period of re-accumulation, suggesting that bulls are likely preparing for a further rally.</p>
<p>The tweet expresses a positive outlook, suggesting a high probability of breaking the range high at $3.18. The use of phrases like “bullish consolidation” and “matter of time before prices break that range high” reflects strong bullish sentiment in the market.</p>
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<p>The post <a href="https://captainaltcoin.com/where-is-the-sui-price-headed-next/" rel="noopener noreferrer nofollow">Where Is the SUI Price Headed Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Where Is the SUI Price Headed Next?

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