CandleFocus SUI Price Surges 14% in a Day; Analysts Eye New ATH of $2.60
2024-09-19
Author: Content Editor
In the past 24 hours, the cryptocurrency Sui (SUI) has experienced a significant increase in value, surging from $1.1885 to a peak of $1.39 before stabilizing around $1.35. This marks a 14.38% increase compared to the previous day's closing price. Analysts are optimistic about SUI's future performance, with predictions of a potential new all-time high. Bluntz Capital projects that the token could reach a price of $2.60, citing a recent breakout from a downtrend and strong market interest. On-chain data also indicates bullish sentiment, with an increase in open interest and a positive funding rate. However, the token must overcome key resistance levels, such as the psychological level of $1.44, to maintain its upward trajectory. If it fails to do so, it may face a short-term pullback.
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