The SUI token has experienced a significant rally, ending 2024 with a 542% increase in value. It has gained attention due to Eric Trump revealing it as part of his crypto portfolio, alongside Bitcoin, Ethereum, and Solana. Analysts believe that the token's next move will depend on the high-profile event of Donald Trump's inauguration. Currently, SUI has consolidated between $4.30 and $5.00, with bearish sentiment indicated by the RSI at 47.89. However, the Parabolic SAR indicator suggests a possible uptrend. Traders are advised to closely monitor the event's impact and use tight stop-loss orders. Analysts have drawn parallels between SUI's trend and Bitcoin's price action in April 2019, suggesting potential double-digit growth by Q1 2025. Overcoming key resistance levels will be crucial for the token's growth potential in the year ahead.



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