Bitcoin

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<p>Sui has been gaining significant attention from investors. Riding the wave of Bitcoin’s new all-time high, Sui also reached record levels. Since the U.S. election, the altcoin has surged by an impressive 118%, setting a new all-time high. </p>   
<p>But what’s fueling this rise, and where could Sui be headed next? Let’s analyze the charts.</p>   
<h2 class="wp-block-heading" id="h-760-returns-since-august">760% Returns Since August</h2>   
<p>Sui has delivered remarkable returns of 760% since August, placing it among this year’s best-performing altcoins. Over the past month, it has traded within a tight range of $1.84 to $2.37. However, during the U.S. election, Sui broke out, climbing alongside Bitcoin and other altcoins. A few hours ago, it reached a new peak of $4.04.</p>   
<p>Despite this milestone, Sui's momentum has slowed, with minimal price changes since. On the 4-hour chart, the Relative Strength Index (RSI) is at 65.67, suggesting bullish sentiment. Similarly, the Average Directional Index (ADX) has climbed to 25.32, indicating the potential for further gains.</p>   
<figure class="wp-block-image aligncenter size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/05162337/Sui-price-chart-1-1024x552.webp" alt="Sui-price-chart" class="wp-image-389594">
</figure>   
<h2 class="wp-block-heading" id="h-trading-volume-signals-caution">Trading Volume Signals Caution</h2>   
<p>While technical indicators remain positive, the trading volume tells a different story. Daily volume has fallen by 13.27% compared to the previous 24 hours. Despite this, Sui’s price has risen by 2.39% and is currently trading at $3.84.</p>   
<p>On the daily chart, ADX stands at 22.11, pointing to a reduction in buying power. This suggests that the bullish trend may be weakening, and the price could shift downward.</p>   
<figure class="wp-block-image aligncenter size-full">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/05162402/sui-exchanges-net-flow-1.webp" alt="" class="wp-image-389596">
</figure>   
<p>Exchange flow data from Coinglass reveals a concerning trend: Sui is seeing net inflows to exchanges. This typically signals that investors are moving their tokens to sell. So far, $16.95 million worth of Sui has flowed into exchanges, increasing market supply and putting potential pressure on its price.</p>   
<h2 class="wp-block-heading" id="h-what-lies-ahead-for-sui">What Lies Ahead for Sui?</h2>   
<p>Sui has been a top performer this year, delivering exceptional returns. However, with investors beginning to take profits, selling pressure may lead to a correction. Key support levels to watch are $3.19 and $2.90, with stronger support at $2.30 if the decline intensifies.</p>   
<p>On the other hand, if <a href="https://coinpedia.org/price-analysis/why-is-bitcoin-going-up-today-5-december/" target="_blank" rel="noreferrer noopener">Bitcoin continues its rally</a> and draws more buyers into the market, Sui could defy expectations and surpass its recent all-time high.</p>   
<p><strong>Will Sui hold its ground or face a correction? The next few days will be important.</strong></p>

SUI Hits $4 All-Time High: Correction Incoming? Watch These Levels

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