SUI Eyes Potential Breakout Amid Market Retrace, Is $2.3 Next?

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Related Reading: Analyst Says It’s Time To Be Bullish On Ethereum’ As ETH Retests $2,700 Most of the market will experience volatility in the coming days as speculation and anticipation build up for the outcome of the US presidential elections, scheduled for next week.

Nonetheless, the token reached the lower levels of the $1.90 support zone on Friday morning amid the market retrace.Today, SUI surged 9.3% from its $1.92 daily low to hit the $2.10 mark before retracing to $2.07.

Analyst Michaël van de Poppe noted that most altcoins, including SUI, were in a correction period and explained how its retest of the $1.90-$2 support is "crucial for further upward momentum.” As of this writing, SUI is trading at $2.05, a 3.5% increase in the last 24 hours.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United KingdomUnited States

Topics: Sol Crypto analyst Cryptocurrency Market News SUI Network Bitcoin SUIUSDT Crypto market retrace ETH Btc SUI Crypto market Crypto trader

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 05:30:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23368651

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