Convergence

bullish

Story

Divergence

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
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   <li>The Sui price has dropped by 13.96% from its ATH of $3.93 in 10 days.</li>   
   <li>Technical indicators record increased bearish sentiment, hinting at higher selling pressure.</li>   
   <li>A potential bullish reversal could push the price toward its upper target price of $5.</li> 
  </ul>   
  <p>After recording a negative price action for two consecutive days, the crypto space has experienced a strong bullish recovery, with altcoin leading the run. Following this, the SUI token has regained momentum and has surged above its resistance level with a 43% rise in its trading volume.</p>   
  <p>Will the SUI crypto token regain momentum and achieve a new ATH this week? Or will this altcoin retest its crucial support barrier of $3? You are minutes away from finding out the short-term possibilities!</p>   
  <h2 class="wp-block-heading" id="h-sui-crypto-records-increased-price-volatility">Sui Crypto Records Increased Price Volatility!</h2>   
  <p>With an intraday jump of ~10% and a trading volume of $2.281 billion, the Sui token has hinted at a strong bullish recovery. However, this altcoin trades at a discount of ~14% from its all-time high of $3.93 which was achieved on 17th November 2024.</p>   
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   <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/27172435/Sui-Price-Analysis-27th-November-2024-1024x539.webp" alt="Sui Crypto Records Increased Price Volatility!" class="wp-image-386076">
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    TradingView: SUI/USDT
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  <p>However, in the longer-term price prospect, it has 2xed this month and has a Year-to-Date (YTD) return of +337.02%. With a market capitalization of $9.67 billion, this altcoin has secured the 18th position in the global cryptocurrency list.</p>   
  <h2 class="wp-block-heading" id="h-sui-technical-sentiments">Sui Technical Sentiments</h2>   
  <p>The Moving Average Convergence Divergence (MACD) shows a constant red histogram with its averages recording a bearish convergence in the daily time frame. This highlights increased selling pressure for the altcoin in the crypto market.</p>   
  <p>The SMA indicator constantly acts as a resistance to the Sui price chart. This suggests a strong bearish price sentiment for the 18th-largest crypto token.</p>   
  <h2 class="wp-block-heading" id="h-is-sui-a-good-investment">Is Sui a Good Investment?</h2>   
  <p>If the market favors the bulls, the Sui coin price will surpass its previous ATH and head toward its psychological barrier of $4. Maintaining the price above that level could set the stage for this altcoin to prepare to test its upper target price of $5 this year.</p>   
  <p>On the contrary, if the bears gain momentum, the Sui coin price will retest its support level of $3.25. Further, if the bears dominate the crypto space, this could result in the Sui crypto plunging toward its lower support level of $2.50 this year.</p>   
  <p>Wondering about the long-term prospects of this altcoin? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/sui-price-prediction/" target="_blank" rel="noreferrer noopener">Sui Price Prediction</a> and also subscribe to us to stay updated on the latest cryptocurrency news!</p>   
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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   <div class="schema-faq-section" id="faq-question-1732708361510">
    <strong class="schema-faq-question"><strong>What is the Sui price today?</strong></strong> 
    <p class="schema-faq-answer">The SUI token is currently exchanging hands at $3.3954 with an intraday surge of 9.68%.</p> 
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   <div class="schema-faq-section" id="faq-question-1732708362261">
    <strong class="schema-faq-question"><strong>What is the ATL of Sui crypto?</strong></strong> 
    <p class="schema-faq-answer">The all-time low of this altcoin is $0.36 and was recorded on 19th October 2023.</p> 
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   <div class="schema-faq-section" id="faq-question-1732708362821">
    <strong class="schema-faq-question"><strong>Why can't you buy Sui on Coinbase?</strong></strong> 
    <p class="schema-faq-answer">The Sui token is available for trading on the Coinbase cryptocurrency exchange.</p> 
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SUI Price Drops 14% Since ATH! Can Sui Hit $5 With Bullish Reversal?

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