SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived?

Quick Summary:

Crypto analyst Alex Clay highlighted SUI’s performance in the past month, remarking its movements between the mid-zone and key support zone within the "bigger accumulation range.” To the analyst, the cryptocurrency’s price could target the $1.8 resistance level soon if it breaks above the $1.2 mark.

Additionally, Clay believes the bullish momentum could drive the price to the mid and long-term targets of $3.3 and $5, although he considers these "conservative targets.” Yuriy, another crypto trader, pointed out that SUI broke out of its two-week range after today’s jump.

Related Reading: AAVE Whale Goes On $6.78 Million Buying Spree As Price Recovers 16% Crypto analyst Altcoin Sherpa suggested that SUI’s chart is "still a nice” one after its recent performance.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: SUI bullish prediction SUI Network Crypto analyst Bitcoin Crypto market Crypto Market Recovery Btc Crypto token unlock SUI forecast Cryptocurrency Market News Crypto trader Crypto market crash SUIUSDT SUI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 04:00:01 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 84 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22396043

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Main Topics: Crypto

Official Website: newsbtc.com

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