CandleFocus Will SUI Price Extend Its Rally To $6 After Hitting New All-Time High?
2025-01-07
Author: Content Editor
The price of the SUI token has rallied and reached a new high of $5.35, indicating a breakout on the bullish side. Analysts predict further gains for the SUI crypto, with targets set at $6. This rally comes as Bitcoin surges past $99,000, boosting the rest of the cryptocurrency market. The SUI token's breakout rally occurred after breaking the supply zone at $4.80, resulting in a 7-day gain of 26.80%. The market capitalization for SUI stands at $15.69 billion. The analysis suggests that the upward momentum is strong, with new targets set at $5.7953 and $6.2878. Technical indicators, such as the positive crossover of the 50 and 100 EMA lines, suggest a strong bull run for SUI. The token is still trading in the bullish zone and has high trading volumes. Key support zones are seen at $5.00 and $4.80, providing support in the event of a pullback. Overall, analysts believe that SUI has the potential to reach $6, with the current market sentiment being bullish.
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