Ethereum

Resistance

USDC

Daily

<ul class="wp-block-list">
 <li>Altcoin SUI has factored in a modest price increase in the last 24 hours.&nbsp;</li>
 <li>The cryptocurrency hit a new ATH at $3.93 on November 17 as per CMC data.</li>
</ul>
The Asian crypto sector has shown increased activity in the past day. According to reports, crypto mining firm BIT Mining was charged a penalty fee of $10 million for bribery by the Japanese government. Meanwhile, the crypto market has entered a brief consolidation as prices have not shown significant movements compared to last week.&nbsp;
However, the altcoin sector has been projecting mixed signals. While some cryptocurrencies have reflected the leading assets, others have continued to soar. Tokens such as <a href="https://thenewscrypto.com/hbar-soars-43-amid-sec-chair-speculation-around-brian-brooks/" target="_blank" rel="noopener noreferrer nofollow">HBAR</a> and VeChain have remained consistent in the upward movements. Sui Network’s SUI has shown minimal price movements in the past day.&nbsp;
The altcoin has reflected the overall crypto market in price action this week. After hitting an ATH at $3.93 on November 17, SUI has failed test levels above $3.90 exhibiting resistance levels. Additionally, the cryptocurrency has also been witnessing increased volatility as indicated by the RVI standing at 78.88.&nbsp;
Several market analysts have discussed how the cryptocurrency has been facing resistance at current levels. Inferring its daily price chart, SUI shows a modest price increase of 0.33% as it sparked bearish candles. However, it currently is on a recovery and is trading at the $3.8 level. At the time of writing, SUI was trading at $3.76 as per CMC <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
<h3 class="wp-block-heading" id="h-what-to-expect-for-sui-price-in-the-coming-months-nbsp">What to Expect for Sui Price In the Coming Months?&nbsp;</h3>
On inferring SUI’s price chart, it shows a horizontal trend followed by a price breakout. This bullish rally is further confirmed by its bull power indicator value standing at 1.47. Its bear power indicator value stays at 0.52 below zero as per TradingView <a href="https://www.tradingview.com/symbols/SUIUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>. However, as aforementioned, the altcoin is combating resistance at the $3.90 level.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeTBtZ4tB0cEQDG1FcDrDSi-3kwXQH0tgz6JUgG41hOUlmqXCSKokhtRN6PO3xfHHR9TxlN8Z6NulZGF5m1Q79ru0Cu1j9PfR_UBoOT6VRjdMPXlF1R986nqYAY-_RTvBWzSsQ8?key=bdCZM_3dAPxg7gE45gJZEXMw" alt="">
 <figcaption class="wp-element-caption">SUI/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/SUIUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
If SUI manages to surpass this level it can be expected to face its next resistance at $3.92. On the other hand, if it moves downward, it might fall to a support of $3.60. Relatedly, the Sui Network recently made an update by <a href="https://thenewscrypto.com/sui-network-boosts-defi-with-native-usdc-integration-via-navi-protocol/" target="_blank" rel="noopener noreferrer nofollow">integrating</a> native USDC into its ecosystem.&nbsp;
Meanwhile, other altcoins such as Solana and Ethereum have also shown similar price actions over the past few days.&nbsp;
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Sui Combats Resistance and High Volatility Post Hitting ATH

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