The cryptocurrency market experienced a bullish surge with Bitcoin surpassing the $100,000 mark and Ethereum rising by 7% towards reclaiming $4,000. SUI, a cryptocurrency, reached a new all-time high of $4.86, surging by over 30.5% in the last 24 hours. SUI's rally could potentially lead to further upward momentum, targeting $5. The asset's technical analysis indicators, such as the Moving Average Convergence Divergence (MACD) and Chaikin Money Flow (CMF), suggest positive trends and strong buying activity. However, there is a possibility of a downside correction, with nearby support levels at $4.57 and $4.20. Traders should conduct their own research before investing.
- Content Editor ( thenewscrypto.com )
- 2024-12-12
SUI Surges to New Highs on Bullish Momentum