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coinpedia 2025-01-13 08:32:36

SUI Coin Price Faces Major Breakdown! Will the Bulls Push It Back to $5?

The post SUI Coin Price Faces Major Breakdown! Will the Bulls Push It Back to $5? appeared first on Coinpedia Fintech News After trading under a bullish sentiment for a brief period, the Sui price has experienced a strong bearish reversal over the past weekend. This has resulted in this altcoin losing ~10% over the last 48 hours. With the rising volatility in the cryptocurrency space, will the Sui token experience a bullish reversal and achieve a new all-time high (ATH)? CoinPedia’s expert panel brings you the market sentiment and short-term price analysis of the Sui (SUI) crypto token. Sui Price On The Verge Of A Major Breakdown? The Sui coin price has lost 7.26% in the last 24 hours with a trading volume of $1.296 billion, a change of +48.18%. Despite recording a weekly correction of 12.53%, this altcoin has a YTD return of 10.86%, highlighting a potential bullish reversal. TradingView: SUI/USDT The Moving Average Convergence Divergence (MACD) records a rising red histogram with its averages showing a bearish convergence in the daily time frame. This suggests an increase in the selling pressure for the altcoin in the crypto space. The 50-day EMA constantly acts as a support to the Sui price chart, highlighting an increase in the bullish sentiment. Further, the EMA 200-day shows a bullish rise, hinting at mixed sentiments for the 12th largest crypto token. Will SUI Price Reclaim $5 This Week? Suppose a bullish trend reversal occurs, in that case, the Sui coin price will retest its resistance level of $4.750. Maintaining the price above that level could set the stage for it to reclaim its important resistance level of $5 this week. However, if the bearish sentiment intensifies, the Sui crypto could break down its support trendline of the rising channel pattern and drop toward its $4 mark. Further, if the bulls fail to regain momentum at that point, this altcoin could retest its low of $3.8 this month. Are you curious to find out if SUI crypto will hit $10 this altcoin season? Read CoinPedia’s Sui Price Prediction to explore the possibilities until 2030! FAQs What is the expected price of Sui? If the bullish sentiment sustains, this altcoin could go as high as $7.01 this year. Is Sui worth buying? The Sui price has soared over 265% in the last 365 days. This highlights a significant increase in the price action. What is the sui price? With a 24-hour trading volume of $1.296 billion, the Sui token is currently exchanging hands at $4.518.

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